<SEC-DOCUMENT>0001292814-12-001198.txt : 20120430
<SEC-HEADER>0001292814-12-001198.hdr.sgml : 20120430
<ACCEPTANCE-DATETIME>20120430160223
ACCESSION NUMBER:		0001292814-12-001198
CONFORMED SUBMISSION TYPE:	20-F
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20111231
FILED AS OF DATE:		20120430
DATE AS OF CHANGE:		20120430

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASIA PACIFIC WIRE & CABLE CORP LTD
		CENTRAL INDEX KEY:			0001026980
		STANDARD INDUSTRIAL CLASSIFICATION:	DRAWING AND INSULATING NONFERROUS WIRE [3357]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14542
		FILM NUMBER:		12794946

	BUSINESS ADDRESS:	
		STREET 1:		ROOM B 7/FL., NO. 132, SEC. 3
		STREET 2:		MIN-SHENG EAST ROAD
		CITY:			TAIPEI, 105
		STATE:			F5
		ZIP:			105
		BUSINESS PHONE:		886-2-2712-2558

	MAIL ADDRESS:	
		STREET 1:		ROOM B 7/FL., NO. 132, SEC. 3
		STREET 2:		MIN-SHENG EAST ROAD
		CITY:			TAIPEI, 105
		STATE:			F5
		ZIP:			105
</SEC-HEADER>
<DOCUMENT>
<TYPE>20-F
<SEQUENCE>1
<FILENAME>apwcform20f_2011.htm
<DESCRIPTION>FORM 20-F
<TEXT>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 14pt" lang=EN-US face="Times New Roman">UNITED STATES</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 14pt" lang=EN-US face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 14pt" lang=EN-US color=black face="times new roman bold">Washington, D.C. 20549</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="FONT-SIZE: 14pt" lang=EN-US face="Times New Roman">FORM 20-F</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 6pt 20.15pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=wingdings>&#168;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp; </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">OR</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 6pt 20.15pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=wingdings>x</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp; </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2011</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">OR</FONT></B></P>

<P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 6pt 20.15pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=wingdings>&#168;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp; </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">OR</FONT></B></P>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=wingdings>&#168;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp; </FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Commission file number 1-14542</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 16pt" lang=EN-US face="Times New Roman">ASIA PACIFIC WIRE &amp; CABLE</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"><BR></FONT></B><B><FONT style="FONT-SIZE: 16pt" lang=EN-US face="Times New Roman">CORPORATION LIMITED</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face="Times New Roman">(Exact name of Registrant as specified in its charter)</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Bermuda</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face="Times New Roman">(Jurisdiction of incorporation or organization)</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7/Fl. B, No. 132, Sec. 3<BR>Min-Sheng East Road<BR>Taipei, 105, Taiwan<BR>Republic of China</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face="Times New Roman">(Address of principal executive offices)</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Securities registered or to be registered pursuant to Section 12(b) of the Act.</FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 1pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Title of each class</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Name of each exchange on which registered</FONT></B></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="49%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.4pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.4pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -11pt; MARGIN: 0cm 0cm 0pt 11pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Common Shares, par value 0.01 per share</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">NASDAQ Capital Market</FONT></B></P></TD></TR></TABLE></DIV>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Securities registered or to be registered pursuant to Section 12(g) of the Act.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">None</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">None</FONT></B></P>

<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Indicate the number of outstanding shares of each of the issuer&#8217;s classes of capital or common stock as of the close of the period covered by the annual report.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">13,830,769 Common Shares</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.<BR>Yes </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#168;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">No </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>x&nbsp;</FONT></P></DIV>

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<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.&nbsp; Yes </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#168;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">No </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>x&nbsp;</FONT></P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.&nbsp; Yes </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>x</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">No </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#168;&nbsp;</FONT></P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yes </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>x</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">No </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#168;&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp; &nbsp;</FONT></P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.&nbsp; See definition of &#8220;accelerated filer and large accelerated filer&#8221; in Rule 12b-2 of the Exchange Act.&nbsp; Large accelerated Filer </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#168;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Accelerated filer </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#168;&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp; Non-accelerated filer </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>x&nbsp;</FONT></P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 1pt 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:&nbsp; U.S. GAAP </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>x&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp; International Financial Reporting Standards as issued by the International Accounting Standards Board </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#168;&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp; Other </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#168;&nbsp;</FONT></P>
<P style="MARGIN: 1pt 0cm 3pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20pt; MARGIN: 1pt 0cm 3pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">If &#8220;Other&#8221; has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.&nbsp; Item 17 </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#168;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 18 </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#168;&nbsp;</FONT></P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).&nbsp; Yes </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#168;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">No </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>x&nbsp;</FONT></P>
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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">FORWARD-LOOKING STATEMENTS</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our disclosure and analysis in this Annual Report on Form 20-F contain some forward-looking statements.&nbsp; Forward-looking statements give our current beliefs or expectations or forecasts of future events.&nbsp; You can identify these statements by the fact that they do not relate strictly to historical or current facts.&nbsp; Such statements may include words such as &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;believe&#8221; and other words and terms of similar meaning in connection with any discussion of future operating or financial performance.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Such statements are not promises or guarantees and are subject to a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements.&nbsp; Important factors that could cause or contribute to such differences include our ability to maintain and develop market share for our products; global, regional or national economic and financial conditions, including events such as the financial crisis that commenced in 2008 and the consequent economic recession, and their individual or collective impact on demand for our products and services; the introduction of competing products or technologies; our inability to successfully identify, consummate and integrate acquisitions; our potential exposure to liability claims; the uncertainty and volatility of the markets in which we operate; changes in laws or regulations applicable to the Company in the markets in which we conduct business; the availability and price of copper, our principal raw material; our ability to negotiate extensions of labor agreements on acceptable terms and to successfully deal with any labor disputes; our ability to service, and meet all requirements under, our debt, and to maintain adequate credit facilities and credit lines; our ability to make payments of interest and principal under our existing and future indebtedness; our ability to increase manufacturing capacity and productivity; the fact that we have operations outside the United States that may be materially and adversely affected by acts of terrorism, war and political and social unrest, or major hostilities; increased exposure to political and economic developments, crises, instability, terrorism, civil strife, expropriation and other risks of doing business in foreign markets; economic consequences arising from natural disasters and other similar catastrophes, such as floods, earthquakes, hurricanes and tsunamis; the fact that Asia Pacific Wire &amp; Cable Corporation Limited (&#8220;APWC&#8221;&nbsp;or the &#8220;Company&#8221;)&nbsp;is a holding company that depends for income upon distributions from operating subsidiaries, most of which are not wholly-owned and for which there may be restrictions on the timing and amount of distributions; price competition and other competitive pressures; the impact of climate change on our business and operations and on or customers; our ability to avoid limitations on utilization of net losses for income tax purposes; fluctuations in currency, exchange and interest rates, operating results and the impact of technological changes and other factors that are discussed in this report and in our other filings made with the Securities and Exchange Commission (the &#8220;SEC&#8221; or the &#8220;Commission&#8221;).</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In particular, these statements include, among other things, statements relating to:</FONT></P>

<P></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; our business strategy;</FONT></P>

<P></P>

<P></P>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; our prospects for future revenues and profits in the markets in which we operate;</FONT></P>

<P></P>

<P></P>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; the impact of political, legal or regulatory changes or developments in the markets in which we do business;</FONT></P>

<P></P>

<P></P>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; our dependence upon the level of business activity and investment by our customers for the generation of our sales revenue;</FONT></P>

<P></P>

<P></P>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; the fact that our Common Shares are now traded on a national exchange in the United States;</FONT></P>

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<P></P>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; our dependence on a limited number of suppliers for our raw materials and our vulnerability to fluctuations in the cost of our raw materials; and</FONT></P>

<P></P>

<P></P>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; our liquidity.</FONT></P>

<P></P>

<P></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">We undertake no obligation to update any forward-looking statements or other information contained in this Annual Report, whether as a result of new information, future events or otherwise, except as required by law.&nbsp; You are advised, however, to consult any additional disclosures we make in our filings with the SEC.&nbsp; Also note that we provide a cautionary discussion of risks and uncertainties under the &#8220;Risk Factors&#8221; section of this Annual Report.&nbsp; These are factors that we think </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">could cause our actual results to differ materially from expected results.&nbsp; Other factors besides those listed there could also adversely affect us. </FONT></P>

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<P></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">This discussion is permitted by the Private Securities Litigation Reform Act of 1995.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">OTHER CONVENTIONS</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><STRONG></STRONG>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Unless otherwise specified, all references in this Annual Report to &#8220;Thailand&#8221; are to the Kingdom of Thailand, all references to &#8220;Singapore&#8221; are to The Republic of Singapore, all references to &#8220;Taiwan&#8221; are to Taiwan, The Republic of China, all references to &#8220;China&#8221; and to the &#8220;PRC&#8221; are to The People&#8217;s Republic of China (for the purpose of this Annual Report, excluding Hong Kong and Macau), all references to &#8220;Australia&#8221; are to the Commonwealth of Australia and all references to the &#8220;U.S.&#8221; are to the United States of America.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Most measurements in this Annual Report are given according to the metric system.&nbsp; Standard abbreviations of metric units (e.g., &#8220;mm&#8221; for millimeter) have been employed without definitions.&nbsp; All references in this Annual Report to &#8220;tons&#8221; are to metric tons, which are equivalent in weight to 2,204.6 pounds.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">With respect to measurements relating to the manufacture of wire and cable products, references to &#8220;pkm&#8221; are to kilometers of twisted pairs of copper wire.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Dollar amounts in this Annual Report are expressed in thousands ($000), except where otherwise indicated or with respect to earnings per share.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">1</P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Part I</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 1:&#8195;Identity of Directors, Senior Management and Advisers</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(Not applicable)</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 2:&#8195;Offer Statistics and Expected Timetable</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(Not applicable)</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 3:&#8195;Key Information</FONT></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif">&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.1&#8195;Selected Consolidated Financial Data</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><STRONG></STRONG>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The following selected consolidated financial data is derived from the consolidated financial statements of the Company for the years ended December 31, 2007, 2008, 2009, 2010 and 2011, prepared in accordance with U.S. GAAP.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The selected data set forth below should be read in conjunction with, and is qualified in its entirety by, the discussion in &#8220;Item 5:&nbsp; Operating and Financial Review and Prospects&#8221; and the consolidated financial statements and the notes thereto included in &#8220;Item 18:&nbsp; Financial Statements.&#8221;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(Figures in 2007, 2008, 2009, and 2010 were restated to reflect the results of discontinued operations of Shandong Pacific Fiber Optics Co. Ltd. (&#8220;SPFO&#8221;). </FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&nbsp;For details, see &#8220;Item 5.3: Operating Results&#8221;)</FONT></B></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">For the Year Ended December 31,</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2007</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2008</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2009</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2011</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">(in US$ thousands)</FONT></B></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Income Statement Data:</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Net sales </FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$497,848</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$484,218</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$326,238</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$446,594</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$471,946</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Cost of sales </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(453,734)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(473,911)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(285,595)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(389,571)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(428,051)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Gross profit </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">44,114</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">10,307</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">40,643</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">57,023</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">43,895</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Operating expenses </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(28,351)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(26,586)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(24,151)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(28,371)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(33,220)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Impairment loss </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(77)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Impairment of goodwill</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(8,791)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Operating profit (loss) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">15,763</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(16,279)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">16,415</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">28,652</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1,884</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Exchange gain (loss)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">864</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(1,712)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">507</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3,041</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(1,346)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Net interest expense</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(5,715)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(4,107)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(1,139)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(872)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(808)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Share of net income (loss) of equity investees </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">124</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(142)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(40)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(21)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(58)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Gain on liquidation of subsidiary </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">568</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Gain (loss) on sale of investment </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">35</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(68)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Impairment of investment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(95)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8212;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Others </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2,066</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2,861</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2,111</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1,032</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1,032</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Income (loss) from continuing operations before income taxes </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">13,042</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(19,379)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">18,422</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">31,832</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">636</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Income taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(6,298)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(2,132)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(4,647)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(6,441)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(4,566)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Net income (loss) from continuing operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6,744</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(21,511)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">13,775</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">25,391</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(3,930)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Income (loss) from operations of discontinued SPFO</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=X-NONE face="times new roman">118</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=X-NONE face="times new roman">(689)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=X-NONE face="times new roman">1,150</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=X-NONE face="times new roman">446</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=X-NONE face="times new roman">1,075</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Income tax expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(697)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(450)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(229)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Income (loss) from discontinued operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">118</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(689)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">453</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(4)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">846</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Net income (loss)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6,862</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(22,200)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">14,228</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">25,387</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(3,084)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Net income (loss) attributable to non-controlling interests </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2,029</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(8,551)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4,139</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">11,247</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2,355</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Net income (loss) attributable to APWC </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$4,833</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$(13,649)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$10,089</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$14,140</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$(5,439)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Basic and diluted earnings (loss) per share from continuing operations<SUP>(1)</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$0.35</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$(0.96)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$0.71</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$1.02</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$(0.49)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Basic and diluted earnings (loss) per share from discontinued operations<SUP>(1)</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$0.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$(0.03)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$0.02</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$(0.00)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$0.10</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Basic and diluted earnings (loss) per share<SUP>(1)</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$0.35</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$(0.99)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$0.73</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$1.02</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$(0.39)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="40%">&nbsp;</TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">&nbsp;</TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">&nbsp;</TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">&nbsp;</TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">&nbsp;</TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">&nbsp;</TD></TR></TABLE></DIV></DIV>

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<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt"><SUP><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(1)</FONT></SUP><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp; The calculation of the earnings (loss) per share is based on 13,830,769 basic and diluted weighted Common Shares issued and outstanding for the years ended December 31, 2007, 2008, 2009, 2010, and 2011.</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="60%" colSpan=5>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">As of December 31,</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2007</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2008</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2009</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2010</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2011</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="100%" colSpan=6>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">(in thousands)</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="100%" colSpan=6>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Balance Sheet Data:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Cash and cash equivalents </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$29,127</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$37,510</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$41,534</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$63,217</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$76,672</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Working capital </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">132,409</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">100,428</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">127,139</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">170,653</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">170,956</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total assets </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">396,116</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">309,798</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">296,052</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">386,923</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">337,289</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total debt </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">104,146</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">59,694</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">38,917</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">69,083</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">54,545</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total APWC shareholders&#8217; equity. </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">136,783</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">114,129</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">127,392</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">153,194</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">146,510</FONT></P></TD></TR>

<TR>

   <TD width="40%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD></TR></TABLE></DIV>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.2&#8195;Exchange Rates</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><STRONG></STRONG>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Unless otherwise specified, all references in this Annual Report to &#8220;$,&#8221; &#8220;U.S. dollars&#8221; or &#8220;US$&#8221; are to United States dollars; all references to &#8220;Bt,&#8221; &#8220;Thai Baht&#8221; or &#8220;Baht&#8221; are to Baht, the legal tender currency of Thailand; all references to &#8220;S$&#8221; are to Singapore dollars, the legal tender currency of Singapore; all references to &#8220;A$&#8221; are to Australian dollars, the legal tender currency of Australia; and all references to &#8220;RMB&#8221; are to Chinese Renminbi, the legal tender currency of China.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Unless otherwise noted, for the convenience of the reader, translations of amounts from Baht, Singapore dollars, Renminbi and Australian dollars to U.S. dollars have been made at the respective noon buying rates in New York City for cable transfers in those currencies as certified for customs purposes by the Federal Reserve Bank of New York (the &#8220;Noon Buying Rate&#8221;) on December 31, 2011.&nbsp; The respective Noon Buying Rates on December 30, 2011 were US$ 1.00 = Bt 31.51; S$ 1.295; RMB 6.294; and A$0.976.&nbsp; The respective Noon Buying Rates on April 13, 2012, the latest practicable date before publication of this Annual Report, were US$ 1.00 = Bt 30.730; S$ </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">1.247</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">; RMB </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">6.302&nbsp;</FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">and A$</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">0.964</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">. &nbsp;</FONT><B><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;</FONT></I></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">No representation is made that the foreign currency amounts could have been or could be converted into U.S. dollars on these dates at these rates or at any other rates.</FONT></P>

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<P style="TEXT-INDENT: 0cm; MARGIN: 2pt 0cm 6pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10.5pt" lang=EN-US color=windowtext face="Times New Roman">Sources:&#8195;Federal Reserve Bulletin, Board of Governors of the Federal Reserve System.&nbsp; Federal Reserve Statistical Release H.10(512), from the website of the Board of Governors of the Federal Reserve System at </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">http://www.federalreserve.gov. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Thailand</FONT></I></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Thai Baht is convertible into foreign currencies and is subject to a managed float against a basket of foreign currencies, the most significant of which is the U.S. dollar.&nbsp; The composition of the basket for determining the value of the Baht is not made public by the Bank of Thailand.&nbsp; The following tables set forth, for the periods indicated, certain information concerning the Noon Buying Rate of the Thai Baht.&nbsp; No representation is made that the Baht or U.S. dollar amounts referred to herein could have been or could be converted into U.S. dollars or Baht, as the case may be, at any particular rate or at all.</FONT></P>

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   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Year Ended December 31,</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">At Period End</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Average<SUP>(1)</SUP></FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">High</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Low</FONT></B></P></DIV></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P></TD>

   <TD vAlign=bottom width="52%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">(Bt per $1.00)</FONT></B></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="48%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2007 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">29.50</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">32.02</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">35.96</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">29.28</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="48%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2008 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">34.72</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">33.13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">35.72</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">29.36</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="48%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">33.33</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">34.30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">36.25</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">33.10</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">31.66</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">33.18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">29.49</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="48%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">31.51</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.46</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">31.76</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">29.68</FONT></P></TD></TR></TABLE></DIV>

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<P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt"><SUP><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(1)</FONT></SUP><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp; Average means the average of the Noon Buying Rates on the last day of each month during a year.</FONT></P>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The high and low exchange rates for the six months preceding the date of this Annual Report were:</FONT></P>

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<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.45pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.45pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Month</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.45pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">High</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.45pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Low</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">October 2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">31.24</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.48</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">November 2011&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">31.38</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.65</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">December 2011 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">31.76</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.75</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">January 2012 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">31.81</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.97</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">February 2012 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.93</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.29</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">March 2012 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.91</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">30.50</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Singapore</FONT></I></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><EM></EM>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Singapore dollar is convertible into foreign currencies and floats against a trade-weighted basket of foreign currencies, the composition of which is not made public by Singapore&#8217;s central bank, the Monetary Authority of Singapore, but of which the U.S. dollar is a component.&nbsp; The following tables set forth, for the periods indicated, certain information concerning the Noon Buying Rate of the Singapore dollar.&nbsp; No representation is made that the Singapore dollar or U.S. dollar amounts referred to herein could have been or could be converted into U.S. dollars or Singapore dollars, as the case may be, at any particular rate or at all.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Year Ended December 31,</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">At Period</FONT></B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">End&nbsp;</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Average<SUP>(1)</SUP></FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">High</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Low</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P></TD>

   <TD vAlign=bottom width="48%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">(S$ per $1.00)</FONT></B></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2007</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.436</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.501</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.543</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.436</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2008 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.438</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.410</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.529</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.347</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.404</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.452</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.557</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.380</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.289</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.359</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.423</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.282</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.295</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.260</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.314</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.202</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 396pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

<P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt"><SUP><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(1)</FONT></SUP><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp; Average means the average of the Noon Buying Rates on the last day of each month during a year.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">4</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name=page_8></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The high and low exchange rates for the six months preceding the date of this Annual Report were:</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Month</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">High</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Low</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">October 2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.314</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.242</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">November 2011 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.312</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.268</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">December 2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.309</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.278</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">January 2012</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.297</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.253</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">February 2012 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.265</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.242</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">March 2012 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">1.269</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">1.251</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Sources:&#8195;Federal Reserve Bulletin, Board of Governors of the Federal Reserve System.&nbsp; Federal Reserve Statistical Release H.10(512), from the website of the Board of Governors of the Federal Reserve System at http://www.federalreserve.gov.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">China</FONT></I></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><EM></EM>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The PRC government imposes control over its foreign currency reserves in part through direct regulation of the conversion of Renminbi into foreign currencies and through restrictions on foreign trade.&nbsp; The following tables set forth, for the periods indicated, certain information concerning the Noon Buying Rate of the Renminbi.&nbsp; No representation is made that the Renminbi or U.S. dollar amounts referred to herein could have been or could be converted into U.S. dollars or Renmimbi, as the case may be, at any particular rate or at all.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Year Ended December 31,</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">At Period End</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Average<SUP>(1)</SUP></FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">High</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Low</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P></TD>

   <TD vAlign=bottom width="48%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">(RMB per $1.00)</FONT></B></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2007</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.295</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.581</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.813</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.295</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2008 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.823</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.919</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.295</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.780</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.826</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.830</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.847</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.818</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.600</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.760</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.833</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.600</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.294</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.460</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.636</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.294</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 396pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

<P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt"><SUP><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(1)</FONT></SUP><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp; Average means the average of the Noon Buying Rates on the last day of each month during a year.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">5</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_9"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The high and low exchange rates for the six months preceding the date of this Annual Report were:</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Month</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">High</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Low</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">October 2011 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">6.383</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.353</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">November 2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.384</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.340</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">December 2011 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.373</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.294</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">January 2011 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.333</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.294</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">February 2012 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.312</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.294</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">March 2012 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">6.332</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">6.298</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 384pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

<P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Sources:&#8195;Federal Reserve Bulletin, Board of Governors of the Federal Reserve System.&nbsp; Federal Reserve Statistical Release H.10 (512), from the website of the Board of Governors of the Federal Reserve System at http://www.federalreserve.gov.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Australia</FONT></I></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><EM></EM>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The following tables set forth, for the periods indicated, certain information concerning the Noon Buying Rate of the Australian dollar.&nbsp; No representation is made that the Australian dollar or U.S. dollar amounts referred to herein could have been or could be converted into U.S. dollars or Australian dollars, as the case may be, at any particular rate or at all.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Year Ended December 31,</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">At Period End</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Average<SUP>(1)</SUP></FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">High</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Low</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P></TD>

   <TD vAlign=bottom width="48%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">(A$ per $1.00)</FONT></B></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2007 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.139</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.184</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.295</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.067</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2008 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.141</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.177</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.647</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.021</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2009 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.114</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.252</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.587</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.067</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2010 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.988</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.087</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.224</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.985</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2011 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.976</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.968</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.058</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.907</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 396pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

<P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt"><SUP><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(1)</FONT></SUP><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp; Average means the average of the Noon Buying Rates on the last day of each month during a year.</FONT></P>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt">&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The high and low exchange rates for the six months preceding the date of this Annual Report were:</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Month</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">High</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Low</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">October 2011 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">1.071</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.945</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">November 2011&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.032</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.037</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">December 2011 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.030</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">January 2012 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.979</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.939</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">February 2012 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.941</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.925</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">March 2012 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">1.080</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">1.033</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center">6</P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Sources:&#8195;Federal Reserve Bulletin, Board of Governors of the Federal Reserve System.&nbsp; Federal Reserve Statistical Release H.10 (512), from the website of the Board of Governors of the Federal Reserve System at http://www.federalreserve.gov.</FONT></P>

<P style="TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.3&#8195;Risk Factors</FONT></B></P>

<P style="TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><STRONG></STRONG>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">You should carefully consider the following risks before you decide to buy our Common Shares.&nbsp; If any one of these risks or uncertainties were to occur, our business, financial condition, results and performance could be seriously harmed and/or the price of our Common Shares might significantly decrease.&nbsp; The risks and uncertainties described in this Annual Report on Form 20-F are not the only ones facing us.&nbsp; Additional risks and uncertainties that currently are not known to us or that we currently believe are immaterial also may adversely affect our businesses and operations.</FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.3.1&nbsp;&nbsp;&nbsp;&nbsp; Risks Related to PCAOB Inspection</FONT></B></P>

<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><STRONG></STRONG>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our auditor, like other independent registered public accounting firms operating in Hong Kong, is not permitted to be subject to inspection by Public Company Accounting Oversight Board (&#8220;PCAOB&#8221;), and as such, investors may be deprived of the benefits of such inspection. </FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our independent registered public accounting firm that issues the audit reports included in our annual reports filed with the SEC, as an auditor of companies that are traded publicly in the United States and a firm registered with the PCAOB, is required by the laws of the United States to undergo regular inspections by PCAOB to assess its compliance with the laws of the United States and applicable&nbsp;professional standards. Because our auditor is located in Hong Kong, a jurisdiction where PCAOB is currently unable to conduct inspections without the approval of the relevant local authority, our auditor, like other independent registered public accounting firms operating in Hong Kong, is currently not inspected by PCAOB. </FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Inspections of other firms that PCAOB has conducted outside of Hong Kong have identified deficiencies in those firms&#8217; audit procedures and quality control procedures, which may be addressed as part of the inspection process to improve future audit quality. The inability of PCAOB to conduct inspections of independent registered public accounting firms operating in Hong Kong makes it more difficult to evaluate the effectiveness of our au</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">ditor&#8217;s audit procedures or quality control procedures. As a result, investors may be deprived of the benefits of PCAOB inspections. </FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT size=2></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.3.2&nbsp;&nbsp;&nbsp;&nbsp; Risks Related to <B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Failure to Comply with Loan Covenants</FONT></B></FONT></B></P>

<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our credit facility agreement with Bangkok Bank Hong Kong Branch (the &#8220;Bank&#8221;) was entered into on March 17, 2011 with a total cash loan of $14 million and a trade facility of $8 million. The cash loan carries an interest rate of Singapore Inter-bank Borrowing Rate (&#8220;SIBOR&#8221;) plus 2.5%, with a term of 5.5&nbsp;years. This agreement requires us to maintain at all times certain financial covenants and non-financial covenants for both the guarantor, APWC, and borrower, Crown Century Holdings Ltd. (&#8220;CCH HK&#8221;).&nbsp; As of December&nbsp;31, 2011, CCH HK was not in compliance with certain financial covenant ratios and APWC was not in compliance with a certain non-financial covenant relating to its disposal of a certain subsidiary when the Company failed to provide formal notification and to obtain the Bank&#8217;s consent. &nbsp;As such, the cash loan would become callable on demand if the bank were to declare an event of default (which it has not to date).&nbsp; The outstanding loan balance was therefore classified as current liability as of December&nbsp;31, 2011. The Company started negotiations with the Bank on revision of the loan agreement and possibility of issuance of waivers with regard to those covenants.&nbsp;&nbsp;Up to date of this annual report, the negotiation is still on going. </FONT></FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">However, in addition to certain financial covenants relating to our financial position, operating performance and liquidity, the restrictions contained in our loan agreement may limit our ability to, among other things:</FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0pt 24pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#376;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">incur additional indebtedness for CCH HK for factory expansions, if any;</FONT></P>

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<P style="TEXT-ALIGN: center">7</P>

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<P style="TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0pt 24pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#376;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">create liens on CCH HK&#8217;s assets</FONT></P>

<P style="TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0pt 24pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#376;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">enter into business combinations (if it would be interpreted as major change in our business) or disposal of subsidiaries under CCH HK and under APWC; and</FONT></FONT></P>

<P style="TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0pt 24pt">&nbsp;</P>

<P style="TEXT-INDENT: 22.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our ability to comply with the requirements of the loan agreement is subject to certain risks, including:</FONT></P>

<P style="TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0pt 24pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0pt 24pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#376;</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">violation of a covenant that stipulates that we must maintain our listing on the NASDAQ Stock Market, Inc. (&#8220;NASDAQ&#8221;) and cannot be suspended for more than ten days, in the remote likelihood that APWC&#8217;s stock price falls under $1 for consecutive thirty 30 days on NASDAQ;</FONT></P>

<P style="TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0pt 24pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#376;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">our ability to sustain the net worth requirements for CCH HK and APWC, if our organic growth in future years for CCH HK and for APWC is not sufficient;</FONT></FONT></P>

<P style="TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0pt 24pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#376;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">our ability to meet the proposed waivers which are still under negotiation with the Bank if our actual operational performance is not sufficient; and</FONT></FONT></P>

<P style="TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0pt 24pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face=wingdings>&#376;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">future covenant compliance issues, in the event of a rise in copper prices that leads to an increase in the Company&#8217;s indebtedness</FONT></FONT></P>

<P style="TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0pt 24pt">&nbsp;</P>

<P style="TEXT-INDENT: 22.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our ability to comply with the loan covenants may also be affected by economic, financial and industry conditions, commodity prices such as copper and other factors beyond our control.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.3.3&nbsp;&nbsp;&nbsp;&nbsp; Risks Related to the Global Economic and Financial Crisis</FONT></B></P>

<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><STRONG></STRONG>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A number of economists forecast global growth to average 3.4% in 2012, with the performance differential between the generally weaker developed economies and the generally stronger developing economies continuing. The downward revision (0.2 percentage points) from the January 2012 forecast reflects the deepening recessions in the southern peripheral nations of the euro zone.&nbsp; Advances in the faster-growing emerging nations are being constrained by both the trade shocks rippling around the world and by prior tightening moves to contain domestic inflationary pressures.&nbsp; This is most notable in the Asia-Pacific region where growth forecasts for China, South Korea, and Australia have moved to a lower trajectory.&nbsp; India too has recently experienced a diminished rate of growth, although this largely reflects past tightening moves to contain domestically generated inflationary pressures.&nbsp; A more moderate pace of rebuilding in Japan has also contributed to the reduced growth momentum in the Asia-Pacific region.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There is still considerable risk of further downward revisions to the forecast, in particular due to the euro zone&#8217;s festering sovereign debt problem. Although the European Central Bank has extended an important financial lifeline to the region&#8217;s ailing banking institutions, the delay in implementing the much-needed structural and fiscal reforms risks further contagion and financial market shocks.&nbsp; Such developments would aggravate already unsustainable debt burdens in many of the affected countries, and exacerbate existing economic strains.&nbsp; Also of concern is the potential for a sharp reversal in historically low government bond yields, driven by increasing investor angst if the expected improvement in the quality of government balance sheets fails to materialize.&nbsp; A sharply rising debt burden would force many governments among the developed nations to implement further reductions in government expenditures that could eventually result in much weaker economic performances.&nbsp; The decline in China&#8217;s speed of growth could also accelerate, with a bigger slide in exports triggering broader production and employment cuts that would undermine consumer spending, the country&#8217;s buoyant real estate market, and the demand for commodities. Recurring geopolitical problems remain an important threat to global stability as well.&nbsp; Any disruption to the world&#8217;s oil supply chain in the Middle or Far East could send gas pump prices sharply higher and global growth sharply lower.</FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9.5pt" lang=EN-US face=arialmt,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Actual and Possible Impacts on the Company</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The fluctuation of copper prices in 2011 has further impacted the Company&#8217;s ability to improve its overall financial performance, particularly in the latter part of 2011. The increase in average<FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><FONT style="FONT-SIZE: 10.5pt" lang=PT-BR face="Times New Roman">&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">London Metal Exchange (&#8220;LME&#8221;) </FONT></FONT>copper price over 2010 was higher than the&nbsp;increase in our prevailing selling price for manufactured products, resulting in a gross margin lower than in 2010 for operations in China. Elsewhere in Thailand, the net sales were slightly lower than that of last year as our production and our ability to ship our products was curtailed by the nationwide flooding that affected Thailand and severely disrupted many business operations in that country. &nbsp;In Australia and Singapore, we witnessed an increase in net sales, as the copper price rose during the first three quarters of 2011 and production volume also increased by 29.8% and 31.2%, respectively.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">8</P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Copper prices on the LME dropped at the end of last quarter 2011 to $7,500. Consistent with industry practice, customers would expect that the selling prices of our products, particularly of copper based wires, would therefore be lower than that in 2010. &nbsp;The decrease in copper prices and other commodity prices also resulted in a decreased turnover for the last part of the year, as customers delayed placing orders with the Company or reduced the quantity of such orders in anticipation of a possible further reduction in copper prices.&nbsp; A further decrease in copper prices would likely have an adverse effect on the revenues of the Company.&nbsp; In such a case, the Company could find itself with overvalued inventory that requires a valuation write-down.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">When compared with 2010 sales, sales in 2011 increased by 5.7%, boosted by an increase in sales in the power wire category by 35.3%, which was partially offset by decreases in sales of enameled wire and fiber optic out of Thailand by 10.9% and 36.4%, respectively. Sales of supply, delivery and installation project services decreased by 28.1%, while sales of distributed wire and cable products decreased by 5.9%.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company is unable to determine the precise impact of the Euro zone fiscal crises, and the fragile state of the global recovery, on its operations and cash flow, since its operating results are also affected by factors that are, or may be, unrelated to the economic turmoil, such as the completion of routine purchase cycles by customers and the completion,</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=blue face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">expansion or contraction of large infrastructure projects.&nbsp; However, the Company has concluded that the</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=blue face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">current economic instability has negatively affected the Company&#8217;s operations and cash flow. The Company believes that any efforts to forecast likely future performance with any degree of specificity would be fraught with uncertainty.&nbsp; Accordingly, the Company cautions against placing reliance on any efforts to identify trends for the foreseeable future.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Macroeconomic events and conditions may have a material adverse impact on the Company&#8217;s business operations until such time as the global financial crisis has substantially abated and financial and economic conditions have materially improved.&nbsp; The Company notes, however, that the foregoing is subject to a number of unknown variables, including the impact of actions taken or that may be taken in the future by governmental entities to address the capital needs of banks and other financial institutions and to increase the flow of credit to businesses.</FONT></P>

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<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.3.4&nbsp;&nbsp;&nbsp;&nbsp; Risks Related to the Common Shares and Corporate Governance</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Consolidation of Charoong Thai Group Accounts</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">As of December 31, 2011, the Company effectively owned 50.93% of the issued and outstanding shares of Charoong Thai Wire and Cable Public Company Limited (&#8220;Charoong Thai&#8221; or &#8220;CTW&#8221;), a decrease from the Company&#8217;s initial ownership percentage which is attributable to the exercise of warrants or conversion of convertible securities by third parties.&nbsp; The Company&#8217;s present intention is to maintain majority ownership of the voting securities of Charoong Thai.&nbsp; However, there may be circumstances under which the Company cannot maintain majority ownership of Charoong Thai.&nbsp; In the event Charoong Thai were to make a further offering of voting securities, or securities convertible into or exchangeable for voting securities, and the Company was not in a position to fund or finance its participation in the offering, the ownership interest of the Company in Charoong Thai could fall below 50%.&nbsp; If the Company&#8217;s ownership percentage in Charoong Thai were to fall below 50%, the accounts of the Charoong Thai group, which includes all of the Company&#8217;s Thailand operations, would not be consolidated but instead would be accounted for under the equity method.&nbsp; In such an event, the Company&#8217;s accounts would show a decrease in revenue and most categories of assets and liabilities, which events could have a material adverse effect on the value of the Common Shares.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0pt 0cm"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Potential Illiquidity of Common Shares</FONT></I></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Approximately 75.4% of our Common Shares are either unregistered securities or registered securities held by affiliates, which are subject to restrictions on trading.&nbsp; Accordingly, approximately 75% of our Common Shares are not fully liquid investments.&nbsp; Since April 2011, when APWC was listed on NASDAQ, &nbsp;the volume of trading in our Common Shares has picked up fractionally.&nbsp; However, the value of our Common Shares may be impacted negatively by their relative illiquidity when compared to the publicly-traded shares of many issuers.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0pt 0cm"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Control of the Company Rests with Majority Shareholder; Controlled Company Exemption; Risks Related to PEWC</FONT></I></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">As the majority shareholder, Pacific Electric Wire &amp; Cable Co., Ltd. (&#8220;PEWC&#8221;) has sufficient votes to control the outcome of any matters presented for a shareholder vote, including the election of the members of the Board of Directors.&nbsp; PEWC may vote its shares in the Company in the manner that it sees fit.&nbsp; In addition, subject to compliance with applicable securities laws, PEWC may sell, convey or encumber all or a portion of its ownership interest in the Company without regard to the best interests of the other shareholders of the Company except to the extent that it is: (i) prohibited from engaging in conduct oppressive to minority interests under applicable law and (ii) required to comply with the terms of the Amended and Restated Shareholders&#8217; Agreement dated March 27, 2009 among the Company, PEWC and </FONT><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">MSD CREDIT OPPORTUNITY Master Fund, L.P</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">. (&#8220;COF&#8221;) (as the assignee of </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">SOF Investments, L.P.</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"> (&#8220;SOF&#8221;) in July 2011), a Delaware limited partnership which owns beneficially 9.8% of the issued and outstanding Common Shares (the &#8220;Amended and Restated Shareholders Agreement&#8221;).</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Common Shares of the Company are traded on the NASDAQ Capital Markets tier.&nbsp; However, as the Company has a more than fifty percent (50%) shareholder, the Company is entitled to rely upon a &#8220;controlled company exemption&#8221; to the requirement that a company have a board of directors comprised of a majority of independent directors in order to be listed on NASDAQ. At present, a majority of the board of directors of the Company is affiliated with PEWC.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">PEWC was delisted from the Taipei Stock Exchange in 2003 following the disclosure of a major corporate scandal involving fraud and embezzlement by certain former executives of PEWC, one or more of whom are now serving prison sentences for their actions. Commencing in 2004, PEWC brought a number of actions in different jurisdictions against those former executives and others seeking to recover substantial assets that had been misappropriated. Some of those actions are ongoing. PEWC is still seeking to recover financially, and in terms of its market reputation, from the malfeasance of those former executives. The financial and governance problems experienced by PEWC increase the uncertainty regarding its ability to perform under the Composite Services Agreement between PEWC and the Company, although to date PEWC has met its obligations under that agreement. (See---section 10.3 Material Contracts).</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0pt 0cm"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Limited Trading Volume</FONT></I></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Although our Common Shares are traded on the NASDAQ Capital Markets tier, trading in, and demand for, our Common Shares has been limited. As a consequence, shareholders may find that their ability to sell their Common Shares quickly or in substantial amounts is adversely affected by the limited public trading market.&nbsp; Thinly-traded equity can be more volatile than equity securities traded in an active trading market.&nbsp; The high and low daily closing price for our Common Shares during the past 24 months (March 2010 &#8211; March 2012) has been $7.85 and $1.92, respectively.&nbsp; In the future, our Common Shares may experience significant price fluctuations which could adversely affect the value of your ownership interest in the Company.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0pt 0cm"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Disclosure Controls and Procedures and Internal Control over Financial Reporting</FONT></I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0pt 0cm"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined und</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">er Rule&nbsp;13a-15(f) under the Securities Exchange Act of 1934. </FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Based on the Company&#8217;s evaluation under the applicable framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (&#8220;COSO&#8221;), our management concluded that a material weakness in the Company&#8217;s&nbsp; internal controls over financial reporting was identified.</FONT></P></DIV>

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<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In connection with the audit of our consolidated financial statements as of and for the year ended December&nbsp;31, 2011, our independent registered public accounting firm determined also the existence of a material weakness. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the registrant&#8217;s annual or interim financial statements will not be prevented or detected on a timely basis by the company&#8217;s internal controls.&nbsp; </FONT></P>

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<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Deficiencies were noted in our controls over complex and non-routine transactions in our financial statement closing process, including the accounting of revenue recognition under bill-and-hold arrangements and consignment arrangement whereby the revenue was inappropriately recognized; the calculation and recording of income tax, deferred tax assets (and the related valuation allowance), inventory and related impairment accounts, and the misclassification of a number of intercompany balances. These deficiencies were attributable to our decentralized reporting structure, our complex and manual consolidation process and inadequate reviews over account balances at the reporting date. The aggregate effect of these deficiencies represented a material weakness. Based on this assessment, the Company&#8217;s management, including its CEO and CFO, concluded that the Company&#8217;s internal control over financial reporting was ineffective as of December 31, 2011.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt 21.1pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="times new roman">Delinquency in Reporting Obligations; Reporting of Financial Results</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company is currently compliant with its reporting obligations under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), and believes that it has addressed certain corporate governance obstacles that led to its delinquency in filing its annual report five years ago.&nbsp; As a foreign private issuer, the Company is not required by the rules of the Commission to provide financial results on a quarterly or semi-annual basis.&nbsp; In addition, Bermuda law does not require the Company to provide interim financial information to its shareholders, whether on a quarterly or semi-annual basis. &nbsp;As such, investors may not have the same access to financial information of the Company as they customarily receive in the case of a domestic issuer disclosing quarterly results on a Form 10-Q.&nbsp; Under the NASDAQ rules; however, listed issuers are required to report semi&#8209;annual unaudited financial results, which the Company has done since its listing on NASDAQ.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Potential Conflict of Certain Officers and Directors</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In March 2011, the Company appointed a third independent director as required by NASDAQ. Other than our three independent directors, all of the members of the Board of Directors are also directors or officers or otherwise affiliated with PEWC, the majority shareholder.&nbsp; Certain of our officers are also affiliated with PEWC.&nbsp; In each case, they may be subject to potential conflicts of interest.&nbsp; In addition, certain of our officers and directors who are also officers and/or directors of PEWC may be subject to conflicts of interest in connection with, for example, pursuing corporate opportunities in which we and PEWC or one of its affiliates have competing interests, and the performance by us and PEWC of our respective obligations under existing agreements, including the Composite Services Agreement (discussed in section 10.3).&nbsp; In addition, some of these persons will devote time to the business and affairs of PEWC and its affiliates as is appropriate under the circumstances, which could reduce the amount of time available for overseeing or managing our business and affairs.&nbsp; Notwithstanding any such potential conflicts, however, such individuals, in their capacities as our directors and officers, are subject to fiduciary duties to our shareholders.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Bermuda Companies Act 1981, as amended (the &#8220;Companies Act&#8221;), subjects our officers and directors to certain fiduciary standards in the exercise of their executive and management duties on behalf of the Company.&nbsp; Under the Companies Act, an officer of ours (which term includes our directors) is subject to a duty of care requiring him to act honestly, in good faith and in the best interests of the Company in the discharge of his duties and to, among other things, give notice to the Board of Directors at the first opportunity of any interest he has in any material contract or proposed material contract with us or any of our subsidiaries.&nbsp; The Companies Act also prohibits us, subject to certain exceptions, from making loans to any directors without first obtaining the consent of shareholders holding in the aggregate not less than nine-tenths of the total voting rights of all the shareholders having the right to vote at any shareholders meeting.&nbsp; We do not make any loans to our directors or executive officers in accordance with the provisions of The Sarbanes-Oxley Act of 2002.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Obligations under the Amended and Restated Shareholders Agreement</FONT></I></P></DIV>

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<P style="MARGIN-TOP: 0pt; TEXT-INDENT: 20.15pt; MARGIN-BOTTOM: 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Pursuant to the original shareholders agreement dated June 28, 2007 (the &#8220;Shareholders Agreement&#8221;), the Company granted to SOF certain rights and protections (now held by COF, as successor-in-interest to SOF, as explained below).&nbsp; Under the Shareholders Agreement, the Company agreed to indemnify SOF and its partners and certain of its affiliates (the &#8220;SOF Indemnified Persons&#8221;), for any additional taxes, interest, penalties and other costs that might be imposed upon or incurred by the SOF Indemnified Persons in the event that the Company is determined by the Internal Revenue Service (the &#8220;IRS&#8221;) to be a &#8220;controlled foreign corporation&#8221; (a &#8220;CFC&#8221;) or a &#8220;passive foreign investment company&#8221; (a &#8220;PFIC&#8221;), as such terms are interpreted and defined under IRS rules and regulations.&nbsp; The Company has determined that it was not a CFC or PFIC at any time during the 2011 fiscal year and does not believe that it is likely to become a CFC or a PFIC; however, the Company cannot provide any assurances that it will not become a CFC or a PFIC in the future.&nbsp; </FONT></P>

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<P style="MARGIN-TOP: 0pt; TEXT-INDENT: 20.15pt; MARGIN-BOTTOM: 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">In addition, the Company granted certain registration rights to SOF with respect to its Common Shares (the &#8220;Registrable Securities&#8221;) in the Shareholders Agreement.&nbsp; In particular, the Company agreed to use its reasonable best efforts to prepare and file, and cause to go effective, as soon as practicable, a shelf registration statement covering the resale of the Registrable Securities on a delayed or continuous basis.&nbsp; The Company also agreed to use its reasonable best efforts to keep its shelf registration statement effective until all Registrable Securities have been sold or until all Registrable Securities may be sold without restriction pursuant to Rule 144 promulgated pursuant to the Securities Act of 1933, as amended.&nbsp; In addition, the Company granted to SOF two demand registration rights for underwritten offerings and customary piggyback registration rights with regard to the Registrable Securities.&nbsp; Moreover, the Company agreed to use its reasonable best efforts to cause the Common Shares to be listed on a national &#8220;Securities Market,&#8221; which means any of the NASDAQ Stock Market, Inc. (Global Market or Global Select Market), the American Stock Exchange LLC (now known as NYSE Amex Equities) or the New York Stock Exchange LLC, not later than January 31, 2009, subject to notice and a sixty (60) day cure period.&nbsp; All of the costs and expenses of the Company in connection with the fulfillment of its obligations under the Shareholders Agreement were to be paid by the Company, other than underwriting fees, discounts and commissions attributable to the sale of Common Shares held by SOF.</FONT></P>

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<P style="MARGIN-TOP: 0pt; TEXT-INDENT: 20.15pt; MARGIN-BOTTOM: 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Under the Shareholders Agreement, if the Company failed to fulfill its obligations thereunder, SOF would have a claim for damages against the Company.&nbsp; No such claim has been made.&nbsp; In addition, if the Company fulfilled its reasonable best efforts undertakings but failed to meet one or more of the stated goals, SOF would have a put right of their Common Shares to PEWC.&nbsp; In accordance with those terms, on February 2, 2009, SOF delivered to PEWC notice of its exercise of the put right under the Shareholders Agreement due to the fact that the Common Shares were not listed on a national Securities Market as of January 31, 2009.&nbsp; On March 27, 2009, SOF sold 51% of its Common Shares to PEWC pursuant to the terms of a share purchase agreement between those parties.&nbsp; Upon the consummation of that share purchase agreement, SOF held 1,355,415 registered Common Shares of the Company and PEWC held 1,410,739 registered Common Shares, respectively, representing 9.8% and 10.2% of the outstanding Common Shares, with PEWC holding an additional 7,664,615 unregistered Common Shares, giving it an aggregate of 65.6% of the total issued and outstanding Common Shares.&nbsp; In connection with this transaction, the Company, PEWC and SOF entered into the Amended and Restated Shareholders Agreement, which among other things, granted to the Company an extension for listing the Common Shares on a national Securities Market until February 2011 and maintained for SOF the right to sell its remaining Common Shares to PEWC in the event the Company did not list its Common Shares on a national Securities Market by such time.&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In April 2011, the Common Shares of the Company were approved for trading on the NASDAQ Capital Markets tier, which tier does not fit within the definition of a national &#8220;Securities Market&#8221;, as provided in the Amended and Restated Shareholders Agreement.&nbsp; As of July 1, 2011, SOF transferred its Common Shares to COF, at which time COF executed a joinder agreement and became a party to the Amended and Restated Shareholders Agreement and succeeded to the rights and interests of SOF thereunder.&nbsp; The Company is not aware that COF has taken any action with respect to the Common Shares held by it.</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Amended and Restated Shareholders Agreement also provides for those put, registration and indemnification rights set forth above in the description of the Shareholders Agreement and such rights now apply to COF in place of SOF.&nbsp; While the sale of Common Shares by SOF to PEWC resulted in PEWC holding a higher concentration of Common Shares which may impact liquidity for the other shareholders, the Company does not believe that any definitive impact can be determined.&nbsp; </FONT></P>

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<P style="MARGIN-TOP: 0pt; TEXT-INDENT: 20.15pt; MARGIN-BOTTOM: 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">In addition, sales of Common Shares held by COF and registered under the shelf registration statement, or any registration statement that goes effective following an exercise of demand registration rights, will increase </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">the number of Common Shares available for purchase in the public market and may adversely affect the value of the Common Shares held by other shareholders.&nbsp; Even without substantial sales by COF or PEWC of their respective Registrable Securities, the possibility of such sales may create a &#8220;market overhang&#8221; that has the effect of depressing the trading price of the Common Shares.</FONT></P></DIV>

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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company has also granted to COF preemptive rights in the event of any issuance of additional equity securities (or securities convertible into or exchangeable for equity securities) by the Company, such that COF may subscribe for additional securities in order to maintain its then percentage ownership interest in the issued and outstanding equity securities of the Company.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Holding Company Structure; Potential Restrictions on the Payment of Dividends</FONT></I></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We have no direct business operations other than our ownership of the capital stock of our subsidiaries and joint venture holdings.&nbsp; While we have no present intention to pay dividends, should we decide in the future to do so, as a holding company our ability to pay dividends and meet our other obligations will depend upon the amount of distributions, if any, received from our operating subsidiaries and other holdings and investments.&nbsp; Our operating subsidiaries and other holdings and investments, from time to time, may be subject to restrictions on their ability to make distributions to us, including as a result of restrictive covenants contained in loan agreements, restrictions on the conversion of local currency earnings into U.S. dollars or other hard currency and other regulatory restrictions.&nbsp; For example, PRC legal restrictions permit payments of dividends by our business entities in the PRC only out of their retained earnings, if any, determined in accordance with relevant PRC accounting standards and regulations.&nbsp; Under PRC law, such entities are also required to set aside a portion of their net income each year to fund certain reserve funds.&nbsp; These reserves are not distributable as cash dividends.&nbsp; The foregoing restrictions may also affect our ability to fund operations of one subsidiary with dividends and other payments received from another subsidiary.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt 21.25pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Requirement to Maintain Effectiveness of the Registration Statement and to List on a National Securities Exchange; Effect of the Put of the COF Shares to PEWC</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Under the Amended and Restated Shareholders Agreement, COF has retained the right to sell its remaining Common Shares (the &#8220;COF Shares&#8221;) to PEWC if the Company does not achieve a listing on a national Securities Market within the time frame provided in the agreement. </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;The Company&#8217;s Common Shares are currently listed on the NASDAQ Capital Markets tier. The Company intends to apply to list the Common Shares on the Global Markets tier after the Company is satisfied that it qualifies in all respects for that tier. However, there are no assurances that the Common Shares will qualify for the Global Markets tier or that the Company&#8217;s application, when filed, will be approved.</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"> In addition, the Company has agreed to maintain the effectiveness of the registration statement on Form F-3, for the benefit of COF, and if the Company fails to do so for any period of thirty (30) consecutive trading days or an aggregate of sixty (60) trading days during any twelve month period, then COF may, subject to compliance with notice and other procedural requirements, exercise a right to sell its remaining Common Shares to PEWC.&nbsp; At all times, the Company must exercise its reasonable best efforts to comply with its covenants under the Amended and Restated Shareholders Agreement.&nbsp; Otherwise, the Company could be subject to a damages claim by COF.&nbsp; </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Corporate Matters; Limited Recourse; Limited Enforceability</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We are incorporated in and organized pursuant to the laws of Bermuda.&nbsp; In addition, all of our directors and officers reside outside the United States and our material assets are located outside the United States.&nbsp; As a result, it may be difficult for investors to effect service of process within the United States upon such persons or to realize against them in courts of the United States upon judgments predicated upon civil liabilities under the United States federal securities laws.&nbsp; Even if investors are successful in realizing against such persons in courts of the United States, the laws of Taiwan may render such investors unable to enforce the judgment against the Company&#8217;s assets or the assets of its officers and directors.&nbsp; Also, investors may have difficulty in bringing an original action based upon the United States federal securities law against such persons in the Taiwan courts.&nbsp; Additionally, we have been advised by our legal counsel in Bermuda, Appleby (Bermuda) Limited, that there is doubt as to the enforcement in Bermuda, in original actions or in actions for enforcement of judgments of United States courts, of liabilities predicated upon U.S. federal securities laws, although </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Bermuda Courts will enforce foreign judgments for liquidated amounts in civil matters subject to certain conditions and exceptions.&nbsp; As a result, shareholders may encounter more difficulties in enforcing their rights and protecting their interests in the face of actions taken by management, the Board of Directors or controlling shareholders than they would if the Company were organized under the laws of the United States or one of the states therein, or if the Company had material assets located within the United States or some of the directors and officers were resident within the United States.&nbsp; See &#8220;Enforceability of Certain Civil Liabilities&#8221; for additional information.</FONT></P></DIV>

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<B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.3.5&nbsp;&nbsp;&nbsp;&nbsp; Risks Relating to Our Business</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Risks Relating to Copper</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Copper is the principal raw material we use, accounting for a majority of the cost of sales.&nbsp; We purchase copper at prices based on the average prevailing international spot market prices on the LME for copper for the one month prior to purchase.&nbsp; The price of copper is affected by numerous factors beyond our control, including international economic and political conditions, supply and demand, inventory levels maintained by suppliers, actions of participants in the commodities markets and currency exchange rates.&nbsp; As with other costs of production, changes in the price of copper may affect the Company&#8217;s cost of sales.&nbsp; Whether this has a material impact on our operating margins and financial results depends primarily on the Company&#8217;s ability to adjust selling prices to its customers, such that increases and decreases in the price of copper are fully reflected in those selling prices.&nbsp; Most of our sales of manufactured products reflect the cost of copper used to manufacture those products at the time the products are ordered.&nbsp; In the ordinary course of business we maintain inventories of raw materials and finished products reasonably necessary for the conduct of our business. &nbsp;These inventories typically reflect the cost of copper prevailing in the market at the time of purchase.&nbsp; A long-term decrease in the price of copper would require the Company to revalue its inventory at periodic intervals to the then net realizable value, which could be below cost.&nbsp; Copper prices have been subject to considerable volatility and it is not always possible to manage our copper purchases and inventory so as to neutralize the impact of copper price volatility.&nbsp; Accordingly, significant volatility in copper prices could have an adverse effect on our operations.&nbsp; In the fourth quarter of 2011, there was a dramatic decline in the price of copper on global markets.&nbsp; This decline impacted adversely on the Company&#8217;s fourth quarter and year-end results, as much of the Company&#8217;s copper inventory was procured prior to the fourth quarter price decline.&nbsp; No assurance can be given that such volatility will not recur.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Risks related to our Customer Base and our Geographic Markets</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Our sales of manufactured and distributed products are made primarily to customers that use our products as components in their own products or in construction or infrastructure projects in which they participate.&nbsp; The volume of our sales is dependent largely on general economic conditions in the markets in which we compete, including how much our customers invest in their own product manufacturing or project development.&nbsp; Increases or decreases in economic activity and investment in the markets where we operate generally will result in higher or lower sales volume and higher or lower net income for the Company.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Risks relating to Force Majeure Events</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Operations and other business conducted at our plants and other facilities are at risk to acts of god consisting of uncontrollable natural and climatic events (often referred to as force majeure events), such as the 2011 flooding in much of Thailand that severely disrupted our manufacturing operations at our Thai plant controlled by our subsidiary, Charoong Thai.&nbsp; The severe flooding affected much of our Thai operations and forced the suspension of operations for a period of 5 months. The temporary suspension of operations at Siam Pacific Electric Wire &amp; Cable Company Limited (&#8220;Siam Pacific&#8221;), which is 100% owned by Charoong Thai impacted adversely on its 2011 sales, which experienced a 20% reduction in product sales in 2011 compared with that of 2010. With the help of &nbsp;its affiliated companies such as </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Pacific Electric Wire &amp; Cable (Shenzhen) Co., Ltd. (&#8220;PEWS&#8221;) </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">and </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Shanghai Yayang Electric Co., Ltd. (&#8220;Shanghai Yayang&#8221; or &#8220;SYE&#8221;)</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">, together with our parent company, PEWC, Siam Pacific partially restored its operations in January and February with shipments of 281 tons and 588 tons, respectively. Full production is expected to resume in the second quarter </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">of 2012. &nbsp;The insurance coverage includes flood, fire, and theft but does not include losses due to business interruption. </FONT></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Risks Relating to China</FONT></I></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We conduct substantial business operations in China.&nbsp; Accordingly, our results of operations and prospects are likely to be materially impacted by economic, legal and other developments in China.</FONT></P>

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<P style="TEXT-INDENT: 0.2pt; MARGIN: 0cm 0cm 0pt 20.15pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Economic Reform Measures in the PRC May Adversely Affect the Company&#8217;s Operations or Financial Condition</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The PRC government has gradually moved away from a planned economic model and implemented economic reform measures emphasizing decentralization, utilization of market forces in the development of the economy and a high level of management autonomy.&nbsp; While such economic reform measures are generally viewed as a positive development for foreign businesses investing or establishing operations in China, many of&nbsp; the reforms are unprecedented and may be subject to revision, modification or termination based on the outcome of such economic changes and other considerations, such as their social impact.&nbsp; There is not sufficient administrative or judicial precedent to permit the Company to determine with any degree of certainty how the reforms will impact our business in China. In year 2011, the government began to curtail credit in order to dampen an over-heated real estate market, including commercial and residential areas. While the extent of the impact is unknown at this time, any contraction in the construction sector would certainly affect the demand for building wires, one of the products that the Company manufactures and sells in the southeastern Asia.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">PRC Civil Law System May Limit the Company&#8217;s Remedies</FONT></I></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Chinese legal system is a civil law system based on written statutes.&nbsp; Prior court decisions may be cited for reference but have limited precedential value.&nbsp; Since the late 1970s, the central government has promulgated laws and regulations dealing with economic matters such as foreign investment, corporate organization and governance, commerce, taxation and trade.&nbsp; In particular, since 1979, the PRC legislation and regulations have significantly enhanced the protections afforded to various forms of foreign investment in China.&nbsp; Foreign investment laws and regulations in China are evolving and the interpretations of many laws, regulations and rules are not always uniform.&nbsp; Accordingly, enforcement of these laws, regulations and rules involves uncertainties, which may limit the remedies available to us in the event of any claims or disputes with third parties.&nbsp; In addition, any litigation in China may be protracted and could result in substantial costs and diversion of resources and management attention.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">PRC Control over the Convertibility of Currency May Restrict the Payment of Dividends</FONT></I></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The PRC government imposes controls on the convertibility of the Renminbi into foreign currencies and in certain cases, the remittance of currency out of China. Under existing PRC foreign exchange regulations, payments of current account items, including profit distributions, interest payments and expenditures from trade related transactions, can be made in foreign currencies without prior approval from the State Administration of Foreign Exchange (&#8220;SAFE&#8221;) by complying with certain procedural requirements. However, approval from SAFE or its local branch is required where foreign currency is remitted out of China to pay capital expenses such as the repayment of loans denominated in foreign currencies unless SAFE has pre-approved the amortization schedule of the foreign currency loan in question. The PRC government may also at its discretion put restrictions on access in the future to foreign currencies for current account transactions.&nbsp; </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Pursuant to the Foreign Exchange Administration Regulation promulgated on January&nbsp;29, 1996, as amended on January&nbsp;14, 1997 and August&nbsp;5, 2008, and various regulations issued by the SAFE and other relevant PRC government authorities, the Renminbi is freely convertible only with respect to current account items, such as trade-related receipts and payments, interest and dividends. Capital account items, such as direct equity investments, loans and repatriations of investments, require the prior approval of the SAFE or its local branches for conversion of Renminbi into foreign currency, such as U.S. dollars, and remittance of the foreign currency outside the PRC. Payments for transactions that take place within the PRC must be made in </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Renminbi. Foreign exchange transactions under the capital account are still subject to limitations and require approvals from, or registration with, the SAFE and other relevant PRC governmental authorities, or their competent local branches. </FONT></P></DIV>

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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">On August&nbsp;29, 2008, the SAFE promulgated SAFE Circular No.&nbsp;142, a notice regulating the conversion by a foreign-invested company of foreign currency into Renminbi by restricting how converted Renminbi may be used.&nbsp;&nbsp; This notice requires that Renminbi converted from the foreign currency-denominated capital of a foreign-invested company only be used for purposes within the business scope approved by the applicable governmental authority and may not be used for equity investments within the PRC unless specifically provided for otherwise in its business scope. In addition, the SAFE strengthened its oversight of the flow and use of Renminbi funds converted from the foreign currency-denominated capital of a foreign-invested company. The use of such Renminbi may not be changed without SAFE&#8217;s approval and may not be used to repay Renminbi loans if the proceeds of such loans have not yet been used for purposes within the Company&#8217;s approved business scope. Violations of SAFE Circular No.&nbsp;142 may result in severe penalties, including substantial fines as set forth in the Foreign Exchange Administration Regulation. As a result, SAFE Circular No.&nbsp;142 may impose an additional layer of bureaucratic compliance and could, under certain circumstances, limit our ability to transfer the proceeds from our non-RMB denominated borrowing arrangements outside of the PRC to our PRC subsidiaries, which may, absent the requisite approvals from SAFE, adversely affect the continued growth of our business. </FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Pursuant to SAFE Circular No.&nbsp;75, (i)&nbsp;a PRC resident must register with the local SAFE branch before establishing or controlling an overseas special purpose vehicle <FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(&#8220;SPV&#8221;)</FONT>, for the purpose of obtaining overseas equity financing using the assets of or equity interests in a domestic enterprise; (ii)&nbsp;when a PRC resident contributes the assets of or its equity interests in a domestic enterprise into an SPV, or engages in overseas financing after contributing assets or equity interests into an SPV, such PRC resident must register his or her interest in the SPV and any subsequent change thereto with the local SAFE branch; and (iii)&nbsp;when the SPV experiences a material event, such as a change in share capital, merger or acquisition, share transfer or exchange, spin-off or long-term equity or debt investment, the PRC resident must, within 30&nbsp;days after the occurrence of such event, register such event with the local SAFE branch. On May&nbsp;29, 2007, the SAFE issued guidance to its local branches for the implementation of the SAFE Circular No.&nbsp;75, which guidance provides for more standardized, specific and stringent supervision regarding such registration requirements and requires PRC residents holding any equity interests or options in SPVs, directly or indirectly, controlling or nominal, to register with the SAFE.</FONT></P>

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<P style="TEXT-INDENT: 1.15pt; MARGIN: 0cm 0cm 0pt 20.15pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Political or Social Instability in the PRC May Adversely Affect the Company&#8217;s Operations or Financial Condition</FONT></I></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Political or social instability in China could also adversely affect our business operations or financial condition.&nbsp; In particular, adverse public health epidemics or pandemics in China could not only interfere with our ability to operate our PRC subsidiaries, but could also affect the country&#8217;s overall economic growth, which could in turn affect the sales of our products in China.&nbsp; In addition, as our corporate headquarters are located in Taipei, any escalation in political tensions between the PRC and the government of Taiwan could impact adversely our ability to manage our Chinese operations efficiently or without third party interference.</FONT></P>

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<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Inflation in the PRC May Adversely Affect the Company&#8217;s Operations or Financial Condition</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The rapid growth of the PRC economy has historically resulted in high levels of inflation, coupled with a rise in the value of RMB against U.S. dollars.&nbsp; The PRC government has publicly announced its commitment to control inflation, and the anti-inflation policies of the PRC government may have an adverse effect on the business climate and growth of private enterprise in the PRC.&nbsp; An economic slowdown may increase our costs.&nbsp; If inflation is significant, our costs would likely increase, and there can be no assurance that we would be able to increase our prices to an extent that would offset the increase in our expenses.</FONT></P>

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<P style="TEXT-INDENT: 1.15pt; MARGIN: 0cm 0cm 0pt 20.15pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">PRC Power Shortages and Lack of Insurance May Adversely Affect the Company&#8217;s Operations or Financial Condition</FONT></I></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We consume substantial amounts of electricity in our manufacturing processes at our production facilities in China.&nbsp; Certain parts of China have been subject to power shortages in recent years.&nbsp; We have experienced a number of power shortages at our production facilities in China to date, particularly in Shenzhen where numerous clusters of factories are situated. We are sometimes given advance notice of power shortages and in relation to this we currently have a backup power system at certain of our production facilities in China.&nbsp; However, there can be no assurance that in the future our backup power system will be completely effective in the event of a power shortage, particularly if that power shortage is over a sustained period of time and/or we are not given advance notice thereof.&nbsp; Any power shortage, brownout or blackout for a significant period of time may disrupt our manufacturing, and as a result, may have an adverse impact on our business.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The insurance industry in China is still at an early stage of development and foreign insurance companies are limited to operate only in a certain number of big cities.&nbsp; In particular, PRC insurance companies do not offer extensive business insurance products.&nbsp; As a result, we have limited business liability and disruption insurance coverage for our operations in China.&nbsp; Any business disruption, litigation or natural disaster might result in our incurring substantial costs and the diversion of resources.</FONT></P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">PRC Tax Treatments May Affect the Company&#8217;s Operations or Financial Condition</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On March 16, 2007, the National People&#8217;s Congress of the PRC, passed the new PRC Enterprise Income Tax Law (the &#8220;New EIT Law&#8221;).&nbsp; Under the New EIT Law, effective January 1, 2008, China adopted a uniform tax rate of 25% for all enterprises (including foreign-invested enterprises) and revoked the then current tax exemption, reduction and preferential treatments applicable to foreign-invested enterprises.&nbsp; However, there is a transition period for enterprises, whether foreign-invested or domestic, that were receiving preferential tax treatments granted by relevant tax authorities at the time the New EIT Law became effective.&nbsp; Enterprises that are subject to an enterprise income tax, or EIT, rate lower than 25% may continue to enjoy the lower rate and gradually transition to the new tax rate within five years after the effective date of the New EIT Law.&nbsp; Enterprises that are currently entitled to exemptions or reductions from the standard income tax rate for a fixed term may continue to enjoy such treatment until the fixed term expires. PEWS is the only subsidiary of the Company in the PRC that still enjoys a reduced tax rate under the transitional period.&nbsp; The preferential income tax rate of PEWS under the revised tax incentive regulations was 22% in 2010 and 24% in 2011, and is 25% in 2012.&nbsp; In the beginning of 2012, the Chinese government announced that it was contemplating a conversion of its sales tax system into a value added tax system (&#8220;VAT&#8221;).&nbsp; While a change to a VAT system would help alleviate sales taxes to some extent, the details of the proposed changes are still unknown to industries and trading enterprises.&nbsp; Accordingly, the Company cannot say what impact, if any, a conversion to a VAT system of taxation might have on the Company&#8217;s financial results.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt 20.15pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Labor Law Legislation in the PRC May Adversely Affect the Company&#8217;s Operations or Financial Condition</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Labor Contract Law became effective on January 1, 2008.&nbsp; It formalizes workers&#8217; rights concerning overtime hours, pensions, layoffs, employment contracts and the role of trade unions.&nbsp; Considered one of the strictest labor laws in the world, among other things, this new law requires an employer to conclude an &#8220;open-ended employment contract&#8221; with any employee who either has worked for the employer for ten years or more or has had two consecutive fixed-term contracts.&nbsp; An &#8220;open-ended employment contract&#8221; is in effect a lifetime, permanent contract, which is terminable only in specified circumstances, such as a material breach of the employer&#8217;s rules and regulations, or for a serious dereliction of duty.&nbsp; Such employment contracts with qualifying workers would not be terminable if, for example, the Company determined to downsize its workforce in the event of an economic downturn.&nbsp; Under the new law, downsizing by 10% or more (or more than 20 persons) may occur only under specified circumstances, such as a restructuring undertaken pursuant China&#8217;s Enterprise Bankruptcy Law, or where a company suffers serious difficulties in production and/or business operations.&nbsp; Any of the Company&#8217;s staff employed to work exclusively within the PRC are covered by the new law and thus, the Company&#8217;s ability to adjust the size of its operations when necessary in periods of recession or less severe economic downturns has been curtailed.&nbsp; Accordingly, if the Company faces future periods of decline in business activity generally or adverse economic periods specific to the Company&#8217;s business, this new law can be expected to exacerbate the adverse effect of the economic environment on the Company&#8217;s results of operations and financial condition.&nbsp; Additionally, this new law has affected labor costs of </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">our customers which may result in a decrease in such customers&#8217; production and a corresponding decrease in their purchase of our products. </FONT></P></DIV>

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<I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Exposure to Foreign Exchange Risks</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Changes in exchange rates influence our results of operations.&nbsp; Our principal operations are located in Thailand, Australia, Singapore and China, and a substantial portion of our revenues is denominated in Baht, Australian dollars, Singapore dollars or Renminbi.&nbsp; Nearly all of the raw materials for these operations are imported and paid for in U.S. dollars and a substantial portion of our future capital expenditures are expected to be in U.S. dollars.&nbsp; We require a significant amount of U.S. dollars for our ongoing equipment upgrade and maintenance programs.&nbsp; Any devaluation of the Baht, the Australian dollar, the Singapore dollar or the Renminbi against the U.S. dollar would increase the effective cost of foreign manufacturing equipment and the amount of foreign currency denominated expenses and liabilities and would have an adverse impact on our operations.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Although our reporting currency is U.S. dollars, the functional currency of our Thai operations, which accounted for 42.0% of our sales in 2011, is the Thai Baht. The functional currency of our Singapore operations, which accounted for 15.7% of our sales in 2011, is the Singapore dollar. The functional currency of our Australian operations, which accounted for 13.0% of our sales in 2011, is the Australian dollar. The functional currencies for our China operations, in total accounted for 29.3% of our sales in 2011, are divided into two groups: for Shandong Pacific Rubber Cable Company, Ltd. (&#8220;SPRC&#8221;, equity investee with 25% equity owned by APWC, accounting under equity method for consolidation purpose), </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">SPFO&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> (which was disposed of on December 1, 2011) and SYE, their functional currency is Renminbi, while for CCH HK, PEWS and Epan Industries Pte. Ltd (&#8220;Epan Industries&#8221;) in Singapore, their functional currency is U.S. dollars. Accordingly, the functional currency accounts of these operations are all translated into U.S. dollars utilizing, for the year, the balance sheet exchange rate for balance sheet accounts, and an average exchange rate for the year for the income statement accounts.&nbsp; Such translation of the functional currency accounts is recognized as a separate component of shareholders&#8217; equity.&nbsp; Any devaluation of the Baht, the Australian dollar, the Singapore dollar, or the Renminbi against the U.S. dollar would adversely affect our financial performance measured in U.S. dollars.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Competition</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The wire and cable industry in the Asia Pacific region is highly competitive.&nbsp; Our competitors include a large number of independent domestic and foreign suppliers.&nbsp; Certain competitors in each of our markets have substantially greater manufacturing, sales, research and financial resources than we do.&nbsp; We and other wire and cable producers increasingly compete on the basis of product quality and performance, reliability of supply, customer service and price.&nbsp; To the extent that one or more of our competitors is more successful with respect to the primary competitive factors, our business could be adversely affected.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Risks associated with Required Productivity Increases</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Our business strategy includes a focus on increasing profitability through increased efficiency and productivity.&nbsp; In the event we are not able to implement measures to increase efficiencies and productivity, we may be limited in achieving increased profitability or may become less profitable.&nbsp; Moreover, productivity increases are linked to capacity utilization rates.&nbsp; A drop in the utilization rate of our manufacturing capacity would adversely impact productivity.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Indebtedness</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">A</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">s of December 31, 2011, the Company had a total of $316.4 million in credit available to itself, or one or more of its operating subsidiaries. The available credit is provided by a total of 14 banks in the various regions/territories in which we operate.&nbsp; Out of total available credit, $224.6 million was unused.&nbsp; The Company, collectively and on individual basis, is not highly leveraged and management does not consider it to be likely that the Company will become highly leveraged. Weighted average borrowing rate, for all the </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">outstanding loans combined, would sum up to be 3.71%, which runs slightly higher than like-kind borrowing rates in the marketplace, i.e., three month LIBOR (data of April 24, 2012) of 0.47% plus 2.5%. </FONT></P></DIV>

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<I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Composite Services Agreement with PEWC</FONT></I></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We engage in transactions in the ordinary course of business with PEWC, including the purchase of certain raw materials and the distribution of PEWC products in various countries in the Asia Pacific region.&nbsp; We and PEWC have entered into a composite services agreement dated November 7, 1996, as amended and supplemented (the &#8220;Composite Services Agreement&#8221;), which contains provisions that define our relationship and the conduct of our respective businesses and confers certain preferential benefits on us.&nbsp; The Composite Services Agreement is renewable at our option and is currently in force.&nbsp; However, we are unable to predict whether PEWC would, at some future date, seek to limit, or be unable to perform in whole or in part, the business it conducts with the Company pursuant to the terms of the Composite Services Agreement.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Risks Relating to Thailand</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">A substantial portion of our Thai operations, which accounted for approximately 42.0% of our net sales in 2011, consists of the manufacture of telecommunications and power cable and sales of those products for use in large-scale telecommunications projects and various construction projects in Thailand.&nbsp; As a result, our future results will depend in part on the political situation in Thailand and the general state of the Thai economy. Recent flooding in Thailand particularly in the greater Bangkok area, has caused a tremendous amount of damage to all industries, including one of our factories belonging to Siam Pacific. &nbsp;APWC immediately organized an emergency rescue team comprising of engineers, technicians, and electricians to help restore the factory back to its operational mode. So far 90% of the machinery is restored and shipment to customers resumed with 281 tons in January 2012 and 588 tons shipped out in February. &nbsp;However at the moment, Siam Pacific has experienced a slight delay in renewing its insurance policy in 2012, as most of insurance companies covering the Thai market are reluctant to bear the risk of providing companies with flood insurance coverage.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">While the political turmoil in Thailand has subsided since 2010, the continuing political uncertainty and the risk of further social unrest lessens the attractiveness of the local market for foreign investment, and diminishes the focus of the government on infrastructure development, both of which considerations may adversely impact on the volume of business of the Company&#8217;s actual and potential customers in the Thai market.&nbsp; The Company&#8217;s Thai operations remain vulnerable to uncertainties with regard to payment for current sales and the award of future contracts in view of the ongoing political instability in Thailand.&nbsp; Additionally, in recent years the Thai economy has been highly cyclical and volatile, depending for economic growth in substantial part on a number of government initiatives for economic expansion. Moreover, the Baht remains volatile and subject to significant fluctuations in relation to the U.S. dollar.&nbsp; Such fluctuations in the value of the Baht may negatively impact our performance. </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Environmental Liabilities</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We are subject to certain environmental protection laws and regulations governing our operations and the use, handling, disposal and remediation of hazardous substances used by us.&nbsp; A risk of environmental liability could arise from our manufacturing activities in the event of a release or discharge by us of a hazardous substance.&nbsp; Under certain environmental laws, we could be held responsible for the remediation of any hazardous substance contamination at our facilities and at third party waste disposal sites and could also be held liable for any consequences arising out of human exposure to such substances or other environmental damage.&nbsp; There can be no assurance that the costs of complying with environmental, health and safety laws and requirements in our current operations or the liabilities arising from past releases of, or exposure to, hazardous substances, will not result in future expenditures by us that could materially and adversely affect our financial results, cash flows or financial condition.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Alternative Transmission Technologies</FONT></I></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Our fiber optic and copper-based telecommunications business is subject to competition from other transmission technologies, principally wireless-based technologies.&nbsp; Fiber optic cable is presently being used in telecommunications trunks and feeder cable businesses and minimally in the access cable business.&nbsp; In November 2011 we sold our entire 51% equity interest in SPFO</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">to a group of buyers in China for a cash consideration of $2.9 million, due to its low profit margin generation and fierce competition in the local fiber optic cable market. In the Asia Pacific markets where we compete, wireless telecommunications businesses have sometimes made substantial inroads in early emerging markets where sufficient funding may not then be available to install the infrastructure necessary for market-wide fixed line telecommunications.&nbsp; In addition, the ease of use of wireless telecommunications may make that medium an attractive alternative in circumstances where access to fixed line telecommunications is limited.&nbsp; While these technologies do present significant competition in the markets in which we conduct or plan to conduct business, the Company believes that demand for its fixed wire products will remain strong.&nbsp; However, no assurance can be given that the future development and use of such alternative technologies will not adversely affect our results of operations.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">International Business Risks</FONT></I></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We are subject to risks specific to our international business operations, including:&nbsp; the risk of supply disruption; production disruption or other disruption arising from events of force majeure, such as the severe weather and climatic events that caused the 2011 floods in Thailand; the outbreak of highly infectious or communicable diseases such as Severe Acute Respiratory Syndrome, swine influenza or pandemics of a similar nature; the risk of potential conflict and further instability in the relationship between Taiwan and the PRC; risks related to national and international political instability, such as disruptions to business activities and investment arising out of the political unrest and turmoil in Thailand; risks related to the recent global economic turbulence and adverse economic developments in a number of Asian markets; unpredictable consequences on the economic conditions in the U.S. and the rest of the world arising from terrorist attacks, and other military or security operations; unexpected changes in regulatory requirements or legal uncertainties regarding tax regimes; tariffs and other trade barriers, including current and future import and export restrictions; difficulties in staffing and managing international operations in countries such as Australia, Singapore, the PRC, Thailand and Taiwan; risks that changes in foreign currency exchange rates will make our products comparatively more expensive; limited ability to enforce agreements and other rights in foreign countries; changes in labor conditions; longer payment cycles and greater difficulty in collecting accounts receivable; burdens and costs of compliance with a variety of foreign laws; limitation on imports or exports and the possible expropriation of private enterprises; and reversal of the current policies (including favorable tax and lending policies) encouraging foreign investment or foreign trade by our host countries.&nbsp; Although we have not experienced any serious harm in connection with our international operations, we cannot assure you that such problems will not arise in the future.&#8195;</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 4&#8195;Information on the Company</FONT></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.1&#8195;History and Development of the Company</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">General</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Asia Pacific Wire &amp; Cable Corporation Limited was formed on September 19, 1996 as a Bermuda exempted limited liability company under the Companies Act.&nbsp;&nbsp; The address of the Company&#8217;s principal place of business is 7/Fl. B, No. 132, Sec. 3, Min-Sheng East Road, Taipei, 105, Taiwan, Republic of China, and its telephone number is (886) 2-2712-2558.&nbsp; Puglisi &amp; Associates, located at 850 Library Avenue, Suite 204, Newark, Delaware 19711, is the Company&#8217;s agent for service of process in the United States. </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company is principally engaged in the manufacture and distribution of telecommunications (copper and fiber optic) and power cable and enameled wire products in the Asia Pacific region, primarily in Thailand, China, Singapore and Australia.&nbsp; The Company manufactures and distributes its own wire and cable products (&#8220;Manufactured Products&#8221;) and also distributes wire and cable products (&#8220;Distributed Products&#8221;) manufactured </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">by its principal shareholder, PEWC.&nbsp; The Company also provides project engineering services in the supply, delivery and installation (&#8220;SDI&#8221;) of power cables to certain of its customers.</FONT></P></DIV>

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<I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Principal Capital Expenditures and Divestitures</FONT></I></P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total purchases of property, plant and equipment amounted to $3.3 million in 2009, $3.7 million in 2010, and $8.9 million in 2011, mostly for old machinery replacements for Australia Pacific Electric Cable Pty Limited (&#8220;APEC&#8221;) and Sigma Cable Company (Private) Limited (&#8220;Sigma Cable&#8221;), and for newly purchased production machinery and equipment for Ningbo Pacific Cable Co., Ltd. (&#8220;NPC&#8221;).</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.2.1&#8195;Certain Recent Events</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On April 30, 2012, the Company announced certain of its financial results for the fiscal year ended December 31, 2011, which included gross revenue of $471.9 million, net loss from continuing operations of $3.9 million and loss per share from continuing operations of $0.49.</FONT><B><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> &nbsp;</FONT></I></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On March 21, 2012, the Company announced that it has been awarded three new supply contracts in Singapore valued at approximately $87 million.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On February 9, 2012, the Company announced the appointment of MZ-HCI as APWC&#8217;s new investor relations firm. &nbsp;The contract with MZ-HCI would provide APWC with total solution in terms of investor relations work, investor relations website design, press releases and XBRL report printing with reduced costs.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On October 7, 2011, the Company&#8217;s shareholders passed a resolution at the Annual General Meeting (&#8220;AGM&#8221;) adopting the third amended and restated bye-laws of the Company (the &#8220;Bye-Laws&#8221;), which allow </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">the Company to purchase its own shares for cancellation or acquire them to be held as treasury shares, as provided for in Section 42B of the Companies Act, and to be applied or allotted for any of the purposes permitted by said Section 42B.&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">At the AGM, the shareholders also elected to the Board each of the Directors named in Item 6 of this Annual Report.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On September 7, 2011, the Commission declared effective the Company&#8217;s Post&#8209;Effective Amendment No. 8 to a registration statement on Form F&#8209;1 reporting on and converting to Form F&#8209;3, covering 2,766,154 Common Shares, of which 1,410,739 Common Shares are held by PEWC and 1,355,415 Common Shares are held by COF.</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> &nbsp;</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On April 29, 2011, the Common Shares of the Company commenced trading on the NASDAQ Capital Markets tier.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On March 17, 2011, the Board passed resolutions whereby 1) it accepted the resignation of an existing director, Mr. Lee Gai Poo, 2) it appointed a new member to the Board, Dr. Lambert Ding, as an independent director, who also serves as a member of the Audit Committee, and 3) it passed on amendment to the Audit Committee charter, to clarify that the appointment of the independent auditors is subject to shareholder approval.</FONT><B><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman"> </FONT></U></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.2.2&#8195;Managing Our Business in Current Market Conditions</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In order to address the continuing market challenges facing our business, the Company has taken and plans to continue to implement a number of measures in order to maintain efficient operations.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Specifically, the Company has continued to focus on increased efforts to collect its receivables on a timely basis.&nbsp; The days of sales outstanding in 2011 have improved from 102 days to 92 days. The Company continues to focus on working actively with all of its significant customers to reduce collection times and minimize write-offs.&nbsp; The Company has also reduced its inventory levels through planned reductions in raw material purchases while negotiating with suppliers to reduce costs of raw materials and supplies.&nbsp; The Company has focused also on reducing operating costs where practicable. Overall the Company has decreased </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">its headcount by 92 since the beginning of 2011, which reflected management&#8217;s view that the business of APWC would experience some slowness in 2011, which would also cause an erosion on net income for the fiscal year. &nbsp;Accordingly, headcount reduction became one of the cost containment measures taken by the Company.&nbsp; The Company has entered into certain copper futures contracts in Singapore and at CTW in several instances in order to reduce the effect of the current volatility in copper prices on its operations.&nbsp; The Company has also negotiated and finalized arrangements with banks for additional loans and credit facilities to be applied against construction of NPC&#8217;s plant.</FONT></P></DIV>

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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">We believe that the successful implementation of these actions has had a positive effect on our cash resources, and we intend to continue these measures in order to preserve our liquidity and maintain a strong cash position. &nbsp;As of December 31, 2011, the Company had available and unused lines of credits from suppliers, banks and other lenders totaling, in the aggregate, approximately $224.6 million, an increase of $38.6 million from a year ago. We believe however that available and unused amounts of credit are sufficient to support our current working capital needs. The total bank loans and trust receipts outstanding as of year-end 2011 were also reduced to the lowest level in some time, from $67.4 million in 2010 to $52.8 million in 2011, reflecting the downward trend of copper price at end of fourth quarter 2011 and also our effort in controlling the raw material stock level.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.2.3&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"> </FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Recent Business Trends</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">APWC experienced a 5.7% growth in overall revenues in 2011 over 2010, but suffered a decrease in gross margins of 3.5% in 2011 when compared with that of 2010. Operating profit was down from $28.7 million in 2010 to $1.9 million in 2011, due to the fact that the Company wrote off goodwill in the amount of $8.8 million and Siam Pacific incurred flood damage of $3.9 million. The gross margin erosion in 2011 can be attributed primarily to two factors: 1) the copper price per tonnage in 2011 increased by 17% whereas our average selling price only increased by 11.7% and 2) our factory machinery utilization rate was below the optimal level.&nbsp; The cost of sales increased as a result of the 2011 drop in our factory utilization rate.&nbsp; The material decline in gross margin, and the other factors that impacted adversely on our results, yielded loss per share of $0.49 per share in 2011 compared to earnings per share of $1.02 in 2010.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.3&#8195;Business Overview</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company is a holding company that operates its business through operating subsidiaries and joint ventures, principally located in Thailand, China, Singapore and Australia.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The following chart shows the organizational structure of the Company and its principal operating subsidiaries, including joint venture ownerships, and the percentage of ownership interest and voting power in each case.&nbsp; The location of the headquarters of each company is indicated in parentheses under the company&#8217;s name (&#8220;S&#8221; for Singapore, &#8220;T&#8221; for Thailand, &#8220;A&#8221; for Australia and &#8220;C&#8221; for China or Hong Kong). </FONT></P></DIV>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Thailand</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company&#8217;s Thai operations are conducted through Charoong Thai, Siam Pacific and Pacific-Thai Electric Wire &amp; Cable Co. Ltd. (&#8220;Pacific Thai&#8221;). Pacific Thai was transferred into Siam Pacific in March 2011.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Charoong Thai is a publicly-traded Thai corporation, the shares of which are listed on the Stock Exchange of Thailand (&#8220;SET&#8221;).&nbsp; It manufactures aluminum and copper electric wire, medium and high voltage power cable and telecommunications cable.&nbsp; It has subsidiaries and affiliates in the businesses of optic fiber cable manufacturing and telecommunication and network services.&nbsp; Charoong Thai was established in Thailand in 1967 as a limited public company.&nbsp; As of December 31, 2011, the Company effectively owned 50.93% of the issued and outstanding shares of Charoong Thai.&nbsp; The Company&#8217;s present intention is to maintain majority ownership of the voting securities of Charoong Thai.&nbsp; The board of directors of Charoong Thai may authorize the issuance of additional shares of common stock of Charoong Thai.&nbsp; The Company has preemptive rights to purchase its pro rata share of any additional authorized shares, less amounts reserved for directors, officers and employees.&nbsp; In the event the board of Charoong Thai decides to cause it to issue additional shares, the Company may decide not to exercise its preemptive rights, in which case the Company&#8217;s interest may be diluted.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Siam Pacific was established in 1988 as a joint venture between PEWC and Italian-Thai Development Plc (&#8220;Ital-Thai&#8221;), a third party, which at the time was the largest diversified construction company in Thailand, principally engaged in the design, engineering, construction and project management of large-scale civil engineering and telecommunications projects in Thailand.&nbsp; Capitalizing on PEWC&#8217;s wire and cable manufacturing expertise and Ital-Thai&#8217;s significant presence in the local market, Siam Pacific was able to establish its presence in this market and gain knowledge of business opportunities in Thailand.&nbsp; Siam-Pacific is now a 100%-owned subsidiary of Charoong Thai and it focuses on the manufacture of telecommunications cable, and enameled wire for the domestic Thailand market. As stated above, the Siam Pacific operation </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">suffered a flooding damage in September and October of 2011 but with the support from affiliated companies in Taiwan and in China, Siam Pacific is expected to resume full operations by the end of the second quarter 2012.</FONT></P></DIV>

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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Pacific Thai (now transferred into Siam Pacific) was established in 1989 as a wholly-owned subsidiary of Siam Pacific.&nbsp; Pacific Thai produced enameled wire for export only. </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Based on information published by the Thai Ministry of Commerce on sales by dollar value, the Company believes that Siam Pacific and Charoong Thai are two of leading telecommunications and power cable and wire manufacturers in Thailand and are two of a very limited number of the government-approved suppliers of telecommunications cables for major public telecommunications projects in Thailand. </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In a restructuring that included the transfer of the business of Pacific Thai into Siam Pacific, the Company achieved a reorganization, which has generated cost savings while improving overall efficiency.&nbsp; The Company believes the synergistic effect of merging these operations will continue to produce significant savings in overhead cost as it facilitates the centralization of decision making and resource allocation for the Thai operations. Management of Pacific Thai and Siam Pacific was consolidated into Charoong Thai in order to enhance synergies and provide greater sharing of expertise. For example, each of Charoong Thai and Siam Pacific manufactures and distributes enameled wire and they are now in a better position to share technical expertise and resources. Under the restructuring, APWC owns 50.93% of Charoong Thai, which owns 100% of Siam Pacific. However, Siam Pacific continues to report its results separately to APWC headquarters. </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">China</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company&#8217;s China operations are conducted through seven business entities &#8211; Shanghai Yayang, &nbsp;CCH HK, PEWS, NPC, SPFO (which was disposed of in December 2011), SPRC (equity investee), and SHP (equity investee).&nbsp; The operating entities include Shanghai Yayang, formerly known as Shanghai Pacific Electric Co., Ltd., a joint venture in Shanghai incorporated in June 1998 to manufacture enameled wires.&nbsp; The Company&#8217;s effective holding in Shanghai Yayang is 54.41%.&nbsp; Shanghai Yayang manufactures enameled wires with a diameter between 0.05mm and 2.5mm for sale and distribution in the eastern part of China, including to local and Taiwanese based end-users. Sitting on the board are six directors, either members of management of Shanghai Yayang who are expatriated from Taiwan or Thai representatives, also expatriated or designated by APWC or PEWC.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company owns 100% of CCH HK, a Hong Kong registered company, and its wholly-owned subsidiary company, PEWS.&nbsp; PEWS manufactures enameled wires for electric, video and audio products primarily for export and with a little portion sold domestically. Since a restructuring in the first quarter of 2010, CCH HK is no longer the trading arm of PEWS, as it transferred its distribution role to Epan Industries in Singapore. The Company believes that PEWS is one of the major manufacturers</FONT><STRIKE><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></STRIKE><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">of enameled wire products in the southern Chinese market.&nbsp; </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt" align=left><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Until 2006, the Company&#8217;s China operations included NPC, a telecommunications cable manufacturing joint venture located in Ningbo Yin County, Zhejiang Province in eastern China.&nbsp; The other owner of NPC is China Ningbo City Yin Jiang County Yin Jiang Town Industrial Corporation.&nbsp; </FONT><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&nbsp;</FONT></I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">NPC used to manufacture a range of telecommunications cable and local area network (&#8220;LAN&#8221;) electronic cables for sale and distribution in the Chinese domestic market and export market.&nbsp; In 2006, the Company decided to cease operations at NPC, as it concluded that the prospects for reversing the losses and achieving profitability were too remote. Thereafter, the Company liquidated certain machinery and equipment through sales to third parties.&nbsp; The land, building and some leftover machinery and equipment remained with NPC.&nbsp; In December 2009, the Company started a series of discussions with Bangkok Bank Hong Kong branch on a possible loan which would provide a cash infusion and a trade finance facility, each aimed at re-building NPC to be a viable operation focusing on producing electronic wiring. The new business draws upon the experience of, and technology from, our parent company, PEWC. The loan facility agreement was finalized in March 2011, thereby allowing for a total cash contribution of $14 million and a trade credit line of $8 million, with the first tranche of capital funding of $5 million infused to NPC at the end of May 2011, increasing APWC&#8217;s ownership to 95.80%. The </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">construction of NPC&#8217;s factory is divided in two phases with the existing plant finished in October 2011 and the new plant targeted to be completed by the end of 2012.</FONT></P></DIV>

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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In November 2011, the Company sold its 51% interest in SPFO, a joint venture company in Yanggu County, Shandong Province, China.&nbsp; SPFO was established to manufacture fiber optic cables for the China market.&nbsp; The Company determined that its resources in the China market are better deployed in further developing its core wire and cable business, rather than seeking to establish itself in the fiber optic business.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company holds a 25.0% interest in SPRC, which manufactures rubber cable for the China market.&nbsp; The remaining 75% is owned by Shandong Yanggu Wire &amp; Cable Corp. Ltd. (&#8220;Shandong Yanggu&#8221;), an established cable manufacturer in Shandong Province that produces a wide range of cable products and is considered one of the major cable producers in China.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company holds a 49% interest in a joint venture called SHP, which engages in the manufacture of optic fibers.&nbsp; The remaining 51% of SHP is owned by Hebei Huayu Co. Ltd. (as the successor in interest to Shandong Yanggu).&nbsp; Due to a severe downturn in the market for fiber optic cable after the SHP joint venture was established, the plant intended to be constructed for manufacturing fiber optic cable has yet to be completed and a production date for commencing operations has not been determined.&nbsp; The actual commencement of operations, if it occurs at all, will depend on our ongoing assessment of market conditions.&nbsp; The carrying value of the Company&#8217;s investment in SHP was $1.2 million as of December 31, 2011.&nbsp; In the event that the commencement of operations continues to be delayed indefinitely or the joint venture determines to forego planned operations, due to continued depressed conditions in the fiber optic cable market, or other factors are determined to have a direct impact on the assessed value of SHP, the Company will recognize impairment losses in the foreseeable future that could result in the full write-off of its investment in SHP. SHP is currently seeking out potential buyers to take over the business.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Singapore</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company&#8217;s Singapore operations are principally conducted through its 98.3%-owned subsidiary, Sigma Cable.&nbsp; The Company believes that Sigma Cable is one of the major suppliers of power cable products in Sing</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">apore.&nbsp; Sigma Cable manufactures and sells a range of low voltage power cable products, used mainly in infrastructure projects and commercial and residential developments.&nbsp; Sigma Cable is also the exclusive distributor in Singapore of medium and high voltage wire and cable products manufactured by PEWC. </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Sigma Cable also has project engineering operations in Singapore to supply, deliver and install primarily medium and high voltage cable to power transmission projects.&nbsp; While the Company currently obtains its supply of medium and high voltage power cable for its SDI operations from PEWC, other suppliers are also available if necessary.&nbsp; The Company anticipates that there will be modest demand for medium and high voltage power cable projects sponsored by Singapore government.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company also holds a 100% interest in Sigma-Epan Industries, Pte. Ltd. (&#8220;Sigma-Epan&#8221;), a group of companies with its headquarters and limited operations in Singapore. Prior to ceasing manufacturing operations in May of 2007, Sigma-Epan manufactured specialty cables and assembled cable harnesses for the electronics, computer, building automation, audio and communication industries. Sigma-Epan continues to trade specialty electronic and other types of cables. After the Company&#8217;s restructuring, which was completed in April 2010, Epan Industries, one of the subsidiaries of Sigma-Epan, became the trading arm for PEWS products in the South China market.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company went through a group restructuring in March 2010. CCH HK acquired 51% of APEC shares from Sigma Cable, thereby increasing the Company&#8217;s effective interests in APEC from 98.53% to 99.4%. APEC is located near Brisbane and is one of three major wire and cable manufacturers in Australia.&nbsp; APEC produces a range of power cables supplemented by imports from overseas sister companies.&nbsp; APEC possesses a substantial marketing and distribution infrastructure with a network of sales offices and warehouses in the major capital cities of Brisbane, Sydney, Melbourne and Perth. </FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 36pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">4.3.1&nbsp;&nbsp;&nbsp;&nbsp; Products and Services</FONT></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company engages in three principal business lines consisting of the manufacture of wire and cable products, the distribution of certain wire and cable products manufactured by PEWC, as well as some third party products, and the provision of project engineering services to certain of its customers.&nbsp; The Company manufactures and sells a wide variety of wire and cable products primarily in three general categories:&nbsp; telecommunications cable, power transmission cable, and enameled wires. </FONT><B><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;</FONT></I></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company&#8217;s telecommunications and power cables are used in a range of infrastructure projects and in commercial and residential developments.&nbsp; The Company&#8217;s enameled wire is used in the manufacturing of components and sub-components of household appliances and small machinery.&nbsp; The electronic cables, which include cable harnesses, are used in the electronics, computer, building automation, audio and communication industries.&nbsp; In addition, the Company acts as the Singapore distributor of wire and cable products manufactured by PEWC.&nbsp; The Company also offers SDI project engineering services of medium and high voltage cable for power transmission projects in Singapore.&nbsp; </FONT></P>

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<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Distribution Products</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company has a sales and marketing force for the distribution of its Manufactured Products in the markets where it has manufacturing facilities and in certain other Asian markets.&nbsp; In addition, the Company is a distributor of wire and cable products manufactured by PEWC.&nbsp; The leading PEWC products sold by the Company are medium and high voltage power cable (with capacities ranging from 3.3 kilovolts to 69 kilovolts), with the vast majority of such sales made in Singapore.&nbsp; The PEWC products sold by the Company do not compete with the Company&#8217;s Manufactured Products. In addition, certain subsidiaries also sell distributed products from other suppliers in Thailand and Australia during 2011.</FONT></P>

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<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">SDI Project Engineering Services</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Based upon the needs of government and the private sector with regard to residential and commercial buildings and infrastructure projects in Singapore, the Company anticipates modest demand for medium and high voltage power and for value added services in the power supply industry.&nbsp; To take advantage of these opportunities, the Company has developed its SDI project engineering capability.&nbsp; The SDI project engineering involves supply, delivery and installation primarily of medium and high voltage cable to power transmission projects in Singapore.&nbsp; After entering into a contract to supply, deliver and install cable for a power transmission project, the Company delivers medium and high voltage cables and enters into subcontracting agreements with local companies to install the cable as required by the project.&nbsp; As reported in a Company press release on March 20, 2012, Sigma cable has additionally won three new SDI projects totaling US$87 million with duration spreading out over three years. </FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 36pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">4.3.2&nbsp;&nbsp;&nbsp;&nbsp; Manufacturing</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Copper rod is the base component for most of the Company&#8217;s products.&nbsp; The manufacturing processes for these products require that the rod be &#8220;drawn&#8221; and insulated.&nbsp; In the &#8220;drawing&#8221; process, copper rod is drawn through a series of dies to reduce the copper to a specific diameter.&nbsp; For certain applications, the drawn copper conductor is then plated with tin.&nbsp; Copper used in cable is covered with various insulating materials that are applied in an extrusion process.&nbsp; The insulated wires are then combined, or &#8220;cabled&#8221; to produce the desired electrical properties and transmission capabilities.&nbsp; Then, depending upon the cable, some form of protective </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">cover is placed over the cabled wires.&nbsp; A summary of the manufacturing process used for the Company&#8217;s primary wire and cable products is set forth below.&nbsp; </FONT></P></DIV>

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<I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Telecommunications Cable</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company produces a wide range of bundled telecommunications cable for telephone and data transmissions with different capacities and insulations designed for use in various internal and external environments principally as access cable to connect buildings and residents to trunk cables.&nbsp; Telecommunications cables produced by the Company include copper-based and fiber optic cables.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Production of copper-based telecommunications cable begins by drawing a copper rod until it has reached the desired diameter, after which the drawn wires are subjected to a process called &#8220;annealing&#8221; in which the wires are heated in order to make the wires softer and more pliable.&nbsp; Utilizing an extrusion process, which involves the feeding, melting and pumping of a compound through a die to shape it in final form as it is applied to insulate the wire, the wires are then covered by a polyethylene (&#8220;PE&#8221;) or polyvinyl chloride (&#8220;PVC&#8221;) compound and foam skin, suitable for different installations and environmental conditions.&nbsp; In order to reduce the cross-talk between pairs of communication wires, the insulated wires are then &#8220;twinned&#8221; or twisted so that two insulated single wires are combined to create a color-coded twisted pair.&nbsp; The twisted pairs of wire are then &#8220;cabled&#8221; or &#8220;stranded&#8221; into units of 25 twisted pairs for combination with other 25 pair units to form cable of various widths and capacities.&nbsp; The appropriate number of units is cabled together after stranding to form a round cable core.&nbsp; Depending upon the planned environment, a petroleum jelly compound may then be added to fill the cable core to seal out moisture and water vapor.&nbsp; Aluminum or copper tape is used to &#8220;shield&#8221; the cable and, finally, the shielded cable core is covered by plastic outer sheathing.&nbsp; The Company manufactures telecommunications cable with capacities and sizes ranging from 25 to 3,000 pairs of 0.4 mm-diameter wire to 10 to 600 pairs of 0.9 mm-diameter wire.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Power Cable</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company produces a range of armored and unarmored low voltage power transmission cable.&nbsp; Low voltage power cable, generally considered to be cable with a capacity of 1 to 3.3 kilovolts, is typically used to trans</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">mit electricity to and within commercial and residential buildings, as well as to outdoor installations such as street lights, traffic signals and other signs.&nbsp; Armored low-voltage power cable is usually used for public lighting and power transmission running to buildings and installed either above or below ground.&nbsp; Unarmored low voltage cable is mainly used as lighting and power supply cable inside and outside of buildings.&nbsp; The voltage capacity of the Company&#8217;s power cables range from 300 volts to one kilovolt.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Production of unarmored cable begins by drawing and annealing of copper rods.&nbsp; The drawn copper wires are then stranded or &#8220;bunched&#8221; into round or sector-shaped conductors in sizes ranging from 1.5 square millimeters to 1000 square millimeters.&nbsp; The copper conductors are then covered in an extrusion process with a plastic insulator such as PVC, after which 2-5 conductors are twisted into a circular cable core in a cabling process and covered by a plastic outer cover.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Unarmored cable is composed of one or more cores of copper wire, insulated by substances such as PVC.&nbsp; Armored cable is produced in the same manner and the same range of configurations as unarmored cable, but with the addition of an outer layer of galvanized steel or iron wires to protect the cable from damage.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Enameled Wire</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company also produces several varieties of enameled wire.&nbsp; Enameled wire is copper wire varnished, in an enameling process, by insulating materials.&nbsp; The enameling process makes the wire more resistant to oil, heat, friction and fusion, and therefore suitable for use in machinery and components and sub-components of manufactured goods.&nbsp; The Company manufactures enameled wire in sizes that range from 0.02 mm to 4.00 mm in diameter, varnished by various types of petroleum insulation materials including polyvinyl formal, polyurethane wire and polyester, among others.&nbsp; Enameled wire products are used in the assembly of a wide range of electrical products, including oil-filled transformers, refrigerator motors, telephones, radios, televisions, fan motors, air conditioner compressors and other electric appliances.</FONT></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Copper is the principal raw material used by the Company for copper-based products.&nbsp; The Company purchases copper at prices based on the average prevailing international spot market prices on the LME for copper for the one month prior to purchase.&nbsp; The price of copper is influenced heavily by global supply and demand as well as speculative trading.&nbsp; As with other costs of production, changes in the price of copper may affect the Company&#8217;s cost of sales.&nbsp; Whether this has a material impact on the Company&#8217;s operating margins and financial results depends primarily on the Company&#8217;s ability to adjust selling prices to its customers, such that increases and decreases in the price of copper are reflected in those selling prices.&nbsp; Most sales of the Company&#8217;s Manufactured Products reflect copper prices prevailing at the time the products are ordered.&nbsp; A long-term decrease in the price of copper would require the Company to revalue the value of its inventory at periodic intervals to the then net realizable value, which could be below cost.&nbsp; </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company purchases copper in the form of rods and cathodes.&nbsp; Copper cathodes are thin sheets of copper purified from copper ore.&nbsp; Copper purchased by the Company in the form of cathodes must be sent to subcontractors to be melted and cast into the copper rods necessary for the manufacturing processes, for a processing fee equal to approximately 3.5% (based on the Company&#8217;s past experience) of the copper cathode purchase price.&nbsp; The Company presently relies on the services of Thai Metal Processing Co., Ltd., the Company&#8217;s long term equity investment, to process its copper cathodes into copper rods in Thailand, although the Company has a variety of processing companies from which to obtain these services.&nbsp; Construction of such a processing facility could also be an additional source of revenues and profit, to the extent that sales are made to unaffiliated parties.&nbsp; Copper rods are drawn into copper wire for the production of telecommunications cable, power cable and enameled wire.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company has historically purchased a substantial portion of its copper rods from PEWC.&nbsp; Under the Composite Services Agreement between the Company and PEWC, PEWC agreed to supply to the Company on a priority basis its copper rod requirements at prices at least as favorable as prices charged to other purchasers in the same markets purchasing similar quantities.&nbsp; PEWC continues to be the principal supplier of copper rods to the Company&#8217;s operations in other Asian countries.&nbsp; Under the Company&#8217;s copper rod supply arrangements, orders will be placed between eight to ten weeks before the desired delivery date, with prices &#8220;pegged&#8221; to the average spot price of copper on the LME for the one month prior to delivery plus a premium.</FONT></P>

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<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company purchases both copper cathodes which are subjected to a 1.0% import tariff, and copper rods which normally are subject to a 5.0% import tariff for its Thailand operations. The key suppliers are Sterlite Industries (India) Ltd - India, PEWC-Taiwan, Prime Global Corp.-Korea, Lanexang Mineral Ltd.-Laos and the Mitsubishi Corporation Unimetal Ltd.-Japan, Mitsubishi Corporation, Glencore International AG., and Marubeni Corporation. The Company has regularly signed one-year contracts with each of the copper suppliers, pursuant to which the Company agrees to purchase a set quantity of copper each month. Under the terms of such contracts, the price of copper is usually pegged to the monthly average of the spot price of copper on the LME for the delivery month (M-0), or 1 month before delivery month (M-1) plus a premium. The Company has almost two decades of good relationships with many copper suppliers, and currently believes that the copper suppliers will be capable of providing an adequate supply of copper for the Company&#8217;s requirements. The Company does not anticipate any change in relations with its copper suppliers in the near term.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company attempts to maintain approximately a three to five week supply of copper rods and cathodes for its Thai operations and approximately a two to four week supply in Singapore.&nbsp; In PEWS, the Company generally maintains one to two weeks of supply of copper rods and cathodes.&nbsp; In APEC, the copper supply was maintained at one to two weeks during 2011. In Epan Industries whose copper is purchased through CCH HK, approximately three weeks of copper supply is preserved for manufacturing purposes. &nbsp;The Company has never experienced a material supply interruption or difficulty obtaining a sufficient supply of copper rod or cathode.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Other raw materials used by the Company include aluminum used as a conductor in power cable and petroleum-based insulation materials such as PE, PVC and jelly compounds for insulating covers on cables and varnishes on enameled wire; aluminum foils for sheathing of communication cable; and galvanized steel wire for the production of armored wire.&nbsp; The Company has not had any difficulty in maintaining adequate supplies </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">of these raw materials and expects to continue to be able to purchase such raw materials at prevailing market prices.</FONT></P></DIV>

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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Other than import tariffs in Thailand, the Company does not face any restriction or control on the purchase or import of its raw materials.&nbsp; The Company may freely choose its suppliers and negotiate the price and quantity of material with its suppliers.&nbsp; The Company formulates consumption plans for raw materials regularly and continually monitors market conditions in respect of the supply, price and quality of raw materials.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Inflation would increase the cost of raw materials and operating expenses for the Company.&nbsp; The Company would try to maintain its gross margins by increasing the prices of its products.</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="ms mincho">&#8195;&nbsp;</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company places a significant emphasis on product quality.&nbsp; The Company has implemented a range of quality control procedures with stringent quality standards under the supervision of dedicated quality control staff.&nbsp; Quality control procedures are implemented from the raw material to the finished product stages at each of the Company&#8217;s major production facilities.&nbsp; Raw materials are inspected to ensure they meet the necessary level of quality before production begins.&nbsp; During the manufacturing process, quality control procedures are performed at several stages of production.&nbsp; Upon completion, finished goods are brought to quality control centers set up in the factory for inspection and testing of different electrical and physical properties.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Depending on the requirements of its customers, the Company has the capability to manufacture its products to meet a variety of different quality and production standards.&nbsp; These include local standards and certifications, such as the Singapore Institute of Standards and Industrial Research Quality Mark and the Thailand Industrial Standard, as well as other standards including the National Electrical Manufacturers Association Standard, the British Standard, the Japan Industrial Standard and Underwriters Laboratories Inc. Standard, as applicable.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">All the major companies in the group have attained International Standards Organization (&#8220;ISO&#8221;) 9002 certification for quality management and assurance standards in the manufacture of electric wire and cable and have maintained that certification for at least the last ten years.&nbsp; The certifications mean that the companies have in place quality assurance systems and the capability to consistently manufacture products of quality.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">4.3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sales and Marketing</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company&#8217;s telecommunications cable and power cable products are primarily sold in the domestic markets of the countries where they are manufactured, whereas most of the enameled wire manufactured by the Company in Thailand is exported.&nbsp; Enameled wire sold by Epan Industries in Singapore is manufactured by PEWS in Shenzhen, China.&nbsp; The enameled wire is also exported to the customers throughout Southeast Asia.&nbsp; The following table sets forth the Company&#8217;s sales revenues for the periods indicated among its three business segments &#8212; i.e., Manufactured Products, Distributed Products, and SDI and, within the Manufactured Products segment, by geographic locations of manufacturing, together with their respective percentage share of total sales for such periods. </FONT></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(Figures in 2009 and
2010 were restated to reflect the results of discontinued operations of SPFO.
For details, see &#8220;Item 5.3: Operating Results&#8221;)</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="ms gothic">&#8195;&nbsp;</FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> &nbsp;</FONT></P>
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      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="67%" colSpan=8 noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Years ended December 31, </FONT></P></TD></TR>
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      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="21%" colSpan=2 noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="21%" colSpan=2 noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="21%" colSpan=2 noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">2011</FONT></P></TD></TR>
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      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">$</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">$</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">$</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
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      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Manufactured Products:</FONT></P></TD>
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      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
      <P style="MARGIN: 0cm 9.35pt 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="31%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Thailand</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">117,954 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">36.2%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">190,364 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">42.6%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">186,034</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">39.4%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="31%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Singapore</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">34,583 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">10.6%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">34,248 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">7.7%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">52,353</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">11.1%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="31%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Australia</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">33,935 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">10.4%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">45,053 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">10.1%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">58,932</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">12.5%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.7pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="31%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">China</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">77,656</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">23.8%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">126,394 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">28.3%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">132,155</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">28.0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.7pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="31%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Total </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">264,128 </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">81.0%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">396,059 </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">88.7%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">429,475</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">91.0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.7pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="31%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Distributed Products (1)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">28,102 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">8.6%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">26,935 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">6.0%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">25,500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">5.4%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.7pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" colSpan=2 noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">SDI Project Engineering
    (2)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">34,008 </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">10.4%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">23,600 </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">5.3%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">16,972</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">3.6%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.7pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="31%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Total Net Sales</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">326,238 </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">100.0%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">446,594 </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">100.0%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">471,946</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">100.0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="31%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 15pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="100%" colSpan=10 noWrap>
      <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">(1) Distributed products
      are sold in Singapore, Thailand, and Australia.</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.7pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #ffffff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.7pt; PADDING-TOP: 0cm" vAlign=bottom width="100%" colSpan=10 noWrap>
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">(2) All SDI project Engineering is
      supplied in Singapore.</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-INDENT: 22.5pt; MARGIN: 0cm 7.2pt 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 22.5pt; MARGIN: 0cm 7.2pt 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Sales within
Thailand and Singapore are made directly by the sales department of the
Company&#8217;s local subsidiaries in accordance with terms and pricing set by the
local subsidiaries.&nbsp; The local subsidiaries are also responsible for sales
planning, marketing strategy and customer liaison.&nbsp; The Company&#8217;s sales
staff is knowledgeable about the Company&#8217;s products and frequently must render
technical assistance, consulting services and repair and maintenance services to
the Company&#8217;s customers.&nbsp; In order to ensure quality service and maintain
sensitivity to market conditions, the Company does not conduct sales through
independent sales agents on a commission basis but uses its own sales employees
located at the operating subsidiaries.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">As copper
constitutes the most significant component of the Company&#8217;s wire and cable
products, the price of the Company&#8217;s products depends primarily upon the price
of copper.&nbsp; In order to minimize the impact of copper price fluctuations,
the Company attempts to determine the prices of its products based on the
prevailing market price of copper.&nbsp; The Company may be affected, to a
degree, in the short term by significant fluctuations in the price of copper.
&nbsp;In 2011, a $ 2.3 million forward purchase contract was entered into by
Siam Pacific, Sigma Cable, and Charoong Thai to reduce the impact of
fluctuations in the copper sale price. </FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Payment methods for
the Company&#8217;s products vary with markets and customers.&nbsp; The majority of
sales by the Company of its Manufactured Products requires payment within 90
days, but may vary depending on the customer and payment record.&nbsp; Sales
pursuant to a successful project tender or sales to governmental or public
utilities are conducted in accordance with the tender or other applicable
regulations.&nbsp; In connection with the distribution of medium and high
voltage power cable manufactured by PEWC, the Company is required to pay PEWC
90% of the cost of the products either within 30 days of receipt of the product
or, in the case of SDI products, upon installation, with the remaining 10% in
either case to be paid within one year.&nbsp; In connection with the purchase of
copper rod, the Company is required to pay PEWC the cost of the copper rod
within 30 days from obtaining the products from PEWC.&nbsp; For the export
market, payment is usually made by prior delivery of an irrevocable letter of
credit.&nbsp; Neither the Company nor its local subsidiaries offers financing
for purchases of the Company&#8217;s products.&nbsp; Except for PEWS, CCH HK and Epan
Industries, the Company&#8217;s subsidiaries sell their products in the local currency
of the country of sale.&nbsp; Company employees engaged in sales and marketing
are paid a salary and may also receive a bonus based on
performance.</FONT></P></DIV>
<P style="TEXT-ALIGN: center">30</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_34></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Products are
marketed under the respective names of each company.&nbsp; For instance,
products manufactured by Siam Pacific are marketed under the &#8220;Siam Pacific&#8221;.
Products manufactured by Sigma Cable are sold under the &#8220;Sigma Cable&#8221;
brand.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Thailand</FONT></I></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The
Company produces and sells telecommunication cable, enameled wire and power
cable in Thailand. Charoong Thai is one of the leading cable manufacturers in
Thailand. Our distribution channels are both direct sell and agencies to the
government and private sectors. The major customers of the Company are many
prominent clients working with the government and contractors (</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">True Corporation Plc
(&#8220;True&#8221;)</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">, TT&amp;T (&#8220;Triple T&#8221;), etc.), subcontractors, and
distributors for the private sector. Charoong Thai successfully concluded many
projects, for instance, Suwannabhumi International Airport, Government Center,
PTT Maptaput, and BRT (Bus Rapid Transit). </FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Singapore</FONT></I></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company produces
and sells low voltage power cable in Singapore.&nbsp; In addition, the Company
sells a wide range of wire and cable products produced by PEWC.&nbsp; The
Company also offers project engineering services for the SDI of medium and high
voltage power cable to power transmission projects in Singapore.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In Singapore alone,
sales of Manufactured Products in 2011 accounted for</FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">70.6% of the net
sales in Singapore; sales of Distributed Products in 2011 accounted for 7.8%,
the remaining 21.6% representing SDI project engineering services. In 2011,
sales of SDI project engineering services to SP Powerassets Ltd. accounted for
100% of the Company&#8217;s SDI sales. Such sales are under a comprehensive contract,
with purchase orders placed from time to time with the Company by SP Powerassets
Ltd.&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Sales of Manufactured Products, i.e., power cable since
2009 have been as follows:</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>

  <TR style="PAGE-BREAK-INSIDE: avoid">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" colSpan=3>
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Years ended December 31,</FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(figures are in thousands of
      US$)</FONT></B></P></DIV></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2009</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2011</FONT></B></P></DIV></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">
      <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Manufactured
      Product:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">
      <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Power
      Cable</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">34,583</FONT></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">34,248</FONT></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">52,353</FONT></P></DIV></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">
      <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">34,583</FONT></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">34,248</FONT></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">52,353</FONT></P></DIV></TD></TR></TABLE></DIV>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">China</FONT></I></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company produces
and sells copper-based telecommunication cable and enameled wire in China.&nbsp;
The Company&#8217;s China operations are conducted through five</FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">business
entities.&nbsp; Copper-based telecommunication cables are generally sold to the
national, provincial or local offices of the fixed-line and mobile
telecommunications network operators or sub-contractors of such agencies.&nbsp;
The Company generally sells enameled wire directly to manufacturers of electric
motors for use in various consumer appliances.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">4.3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Competition</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The wire and cable
industry in the Asia Pacific region is highly competitive.&nbsp; The Company&#8217;s
competitors include a large number of independent domestic and foreign
suppliers.&nbsp; Certain competitors in each of the Company&#8217;s markets have
substantially greater manufacturing, sales, research and financial resources
than the Company.&nbsp; The Company and other wire and cable producers
increasingly compete on the basis of product quality and performance,
reliability of supply, customer service and price.&nbsp; To the extent that one
or more of the Company&#8217;s competitors is more successful with respect to the
primary competitive factors, the Company&#8217;s business could be adversely
affected.</FONT></P></DIV>
<P style="TEXT-ALIGN: center">31</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_35></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Thailand</FONT></I></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The wire and cable
industry in Thailand is highly competitive.&nbsp; In its various product lines,
the Company competes with a total of approximately thirty local wire and cable
manufacturers and, to a lesser extent, with foreign producers for sales in
Thailand of telecommunications cable, power cable and enameled wire.&nbsp; The
Company is one of the five largest producers in the Thai market.&nbsp; These
five largest producers are the only producers of telecommunications cable
approved by the Thai Industrial Standards Institute and, therefore, the only
cable producers whose products may be used in government-commissioned
projects.&nbsp; Stringent governmental approval processes, tariffs and other
import restrictions have limited competition in the Thailand market from foreign
wire and cable producers.&nbsp; The Company also experiences significant
competition from a number of smaller producers with regard to sales of enameled
wire products.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Singapore</FONT></I></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company believes
that Sigma Cable is one of the major suppliers of power cable products in
Singapore, it experiences significant competition from other local producers.
There is no tariff or other barrier against foreign competition in the local
Singapore market and potential competitors are free to enter the industry.&nbsp;
However, because of high capital costs, the Company believes it is unlikely that
there will be new domestic entrants to the wire and cable industry in Singapore
in the near future.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Australia</FONT></I></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Currently, besides
APEC, there are two major wire and cable producers in Australia:&nbsp; Olex
Cables (owned by Nexans) and Prysmian Cables, with factories in the states of
Victoria and New South Wales, respectively.&nbsp; Also, Advance Cable, a cable
producer with a factory in Victoria, has recently obtained a bigger market
share. In addition, a significant portion of the Australian market is serviced
by two importers:&nbsp; (i) General Cables Australia, which imports cables from
its parent company General Cables, which manufactures cables in New Zealand and
(ii) Electra Cables, which imports cables from factories in China.&nbsp; These
companies are APEC&#8217;s principal competitors.&nbsp; APEC however is the only power
cable producer in Queensland and therefore seeks to take advantage of its
comparative proximity to customers in contrast to competitors that are required
to transport their products into Queensland from other states in
Australia.</FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp; </FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">APEC has also opened sales offices with
warehousing facilities in Sydney, Melbourne, Brisbane, and Perth in order to
attract and service the customers in those regions. In February 2011, APEC
entered into a distribution agreement with one of the regional suppliers with
the hope that this collaboration will bring extra business to Australia
operations. Foreign competition barriers exist with import duties and the more
stringent Australian cable specifications standards.&nbsp; Asean (Association of
South East Asian Nations) Free Trade Area (AFTA) Agreements are in effect with
Singapore and Thailand, among other Asian countries.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">China</FONT></I></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">PEWS manufactures
enameled wires in the Shenzhen Special Economic Zone in Guangdong Province for
electronic, video and audio products for the South China market and for
export.&nbsp; After a restructuring, Epan Industries, one of the subsidiaries of
Sigma-Epan, became the trading arm of PEWS. It supplies mainly to overseas
transformer, motor and coil manufacturers.&nbsp; It faces competition
principally from overseas imports and local manufacturers.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Shanghai Yayang is
the only major enameled wire producer in Shanghai and it supplies mainly to
transformer, motor and coil manufacturers in the eastern part of China.&nbsp; It
faces competition principally from overseas imports and manufacturers from other
provinces in China.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In 2011, the Company
made a strategic decision to exit the fiber optic cable market in Shandong
Province by disposing of our 51% equity interest in SPFO. We observed increasing
consolidation, and competition, in the fiber optic cable business in Shandong
and concluded that our resources were better deployed by concentrating on our
principal lines of copper-based Manufactured Products in that
market.</FONT></P></DIV>
<P style="TEXT-ALIGN: center">32</P>
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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">4.3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regional
Considerations</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The principal Asian
markets in which we do business have displayed exceptional overall economic
growth in recent years compared to the United States and a number of other more
developed markets, subject to occasional episodes of economic and currency
exchange volatility attributable to various factors including the increased
risks of emerging market investment, actual or potential political instability
and pandemics such as the SARS health crisis several years ago.&nbsp; In some
countries, the International Monetary Fund (the &#8220;IMF&#8221;) exerts considerable
influence over economic policy and provides support to stabilize the domestic
economy.&nbsp; In general, the Asian markets in which we do business have been
export-driven in recent years and have in the case of China and Singapore, for
example, accumulated considerable capital reserves, which contributes to a more
stable business environment.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Thailand</FONT></I></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">A substantial
portion of the Company&#8217;s Thai operations, whose Manufactured Products accounted
for approximately 39.4% of the Company&#8217;s net sales in 2011, consists of the
manufacture of telecommunications and power cable and sales of those products
for use in large-scale telecommunications projects and various construction
projects in Thailand.&nbsp; The volume of sales of these products tends to
correlate with the general level of economic activity in Thailand.&nbsp; As a
result, the performance of the Company&#8217;s Thai operations depends in significant
part on the general state of the Thai economy.&nbsp; Infrastructure development
and related construction projects in Thailand depend significantly upon
government sponsored initiatives.&nbsp; In recent years, the level of government
involvement in infrastructure development has tended to track increases or
contractions in Thailand&#8217;s gross domestic product (&#8220;GDP&#8221;).&nbsp; Overall, the
construction industry and infrastructure projects have slowed considerably,
thereby affecting local sales, placing competitive pressure on prices and
prompting the Company to rationalize Thai operations and actively seek overseas
export markets.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Telecommunications</FONT></I></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Sales of the
Company&#8217;s telecommunication products in Thailand have depended to a significant
degree on the substantial investment in and development of the
telecommunications sector by the Thai government.&nbsp; In particular, the
Company&#8217;s sales of Manufactured Products are affected by the dollar value of
contracts awarded by the government for telecommunications and other
infrastructure projects.</FONT></P>
<P style="TEXT-INDENT: 18.6pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 18.6pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company produces
and sells copper core telecommunications cable, enameled copper wire and
enameled aluminum wire to Thailand market, and also export enameled wire to
overseas markets. Sales of telecommunications cable, one of the Company&#8217;s
leading product in Thailand, are conducted either by tender for participation in
large scale telecommunications project of the </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN face="Times New Roman">Telephone Organization
of Thailand </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Corporation Plc. (&#8220;TOT&#8221;), or direct to subcontractors of
Triple T and True, the two private telephone line contractors which would be
licensed by TOT with regard to particular projects. The Company generally sells
enameled wire directly to electrical appliance manufacturers or an OEM for both
the local and export market, and in smaller units that are sold to local
dealers.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Power</FONT></I></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In Thailand, the
prevailing historical trend has been that economic growth would stimulate rapid
growth in the demand for electric power, and annual rates of growth in
electricity demand would outpace annual economic growth rates.&nbsp; Despite the
rapid growth in electricity demand, electricity consumption in Thailand remains
low by international standards.&nbsp; The Company believes that, in the medium
to longer term, there will be an increased demand for power supply which will
lead to increased demand for the Company&#8217;s power cable products from both
developers of power production facilities and contractors installing power
supply lines.&nbsp; </FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Singapore</FONT></I></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The
Company&#8217;s distribution and project engineering business segments are
concentrated in the Singapore market.&nbsp; In 2011, the Company realized
</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$17.0
million </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">in revenues from SDI projects, compared to </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$23.6&nbsp;</FONT></P><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">million </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">in 2010.&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Revenue in Singapore
from Distributed Products in 2011 was $4.9 million, increased by $1 million
compared to the results in 2010.</FONT>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></P></DIV>
<P style="TEXT-ALIGN: center">33</P>
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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Singapore government has established targets to increase the population from 4.6 million in 2007 to approximately 6 million by the end of 2020.&nbsp; This planned growth in population is expected to result in an increase in demand for residential property and construction. The Company continues to seek ways to increase its business volume in its project engineering business segment. In the first quarter of 2012, Sigma Cable has entered into three new SDI projects in Singapore valued at approximately $87 million.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">China</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The economy of China differs from that of most developed free-market economies in a number of respects, including structure, degree of government involvement, level of development, growth rate, capital reinvestment, allocation of resources, rate of inflation and balance of payments position.&nbsp; In recent years, the PRC government has implemented economic reform measures which emphasize decentralization, utilization of market forces and the development of foreign investment projects</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">of which Shanghai Yayang is an example.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">4.4</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="ms mincho">&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Property, Plant and Equipment</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company&#8217;s Manufactured Products are produced at facilities located on premises owned or leased by Siam Pacific, Charoong Thai, Sigma Cable, APEC, Shanghai Yayang, PEWS, NPC and, through November 2011, SPFO.&nbsp; As of December 1, 2011, the Company disposed of its 51% equity interest in SPFO.&nbsp; The following is a summary of the Company&#8217;s material facilities and operations as of December 31, 2011.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Siam Pacific owns a 7.45 acre production facility near Bangkok, Thailand, located on a 26.79 acre site that it also owns.&nbsp; Telecommunications cable and enameled wire are manufactured here.&nbsp; The production facility constitutes a portion of certain property and assets which are pledged to a financial institution.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Charoong Thai owns a 24.7 acre production facility in Chachoengsao province, near Bangkok, Thailand, where telecommunications cable and power cable are manufactured.&nbsp; The production facility is located on a 57.9 acre site which Charoong Thai also owns.&nbsp; Neither the production facility nor the land is mortgaged.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Sigma Cable produces power cable on a 19,373 square meter site in Singapore leased from the Jurong Town Corporation (&#8220;JTC&#8221;) for 30 years from September 16, 2000 to September 16, 2030.&nbsp; JTC is a government-linked corporation and is Singapore&#8217;s largest industrial landlord. &nbsp;Building assets, with a total loan value of $16.6 million are pledged to United Overseas Bank.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">APEC owns a 6,735 square meter power cable manufacturing facility on a 39,000 square meter land parcel in Brisbane, Australia. The land and building therein is mortgaged to Westpac Banking Corporation of Australia as security for a bank facility of approximately A$10.0 million (equivalent to $10.2 million).</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Shanghai Yayang operates a factory that produces enameled wires, located in an area of approximately 27,839 square meters of state-owned land in an industrial district in Fengxian, Shanghai.&nbsp; Assets consisting of buildings of $0.8 million are pledged to the Agricultural Bank of China. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">PEWS manufactures enameled wire in a facility on 36,000 square meters of state-owned land with a built-up area of 20,367 square meters in Long Gang, Shenzhen, China.&nbsp; A leasehold right of industrial land use for the land has been granted for 49 years.&nbsp; The land and building of $0.8 million is pledged to Agricultural Bank of China as security for a $7.9 million bank loan granted in 2003 and extended through May 2011. This facility is now further extended for one year to the end of May 2012.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Sigma-Epan leases</FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">an office space from Sigma Cable in Singapore where it employs nine individuals in its trading operations. </FONT></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">NPC ceased to be operational in 2006 due to unsatisfactory results and incompetent management team. The Board passed a resolution in October 2009 to re-construct NPC&#8217;s facilities to be used for production of electronic wires. The factory now occupies 44,000 total square meters, with a land usage right expiring July, 2044. NPC is situated in Ing-Chiang Township in Ningbo City in </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Zh&#232; Ji&#257;ng Province, China.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">All of the Company&#8217;s facilities in Thailand, Singapore, Australia and China use production processes and equipment of international standard imported from Europe, the United States, Taiwan, and Japan.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The production capacity and extent of utilization of the Company&#8217;s facilities varies from time to time and such information is considered to be commercially sensitive and proprietary information.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.5&#8195;Insurance</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company maintains insurance policies covering certain buildings, machinery and equipment against specified amounts of damage or loss caused by fire, flooding, other natural disasters and burglary and theft.&nbsp; The Company does not carry insurance for consequential loss arising from business interruptions or political disturbances and does not carry product liability insurance.&nbsp; In addition, the availability of insurance in China is limited, and the Company does not have business liability or disruption insurance for our operations in China.&nbsp; The Company believes that it maintains insurance coverage commensurate with the nature of and risks associated with its business, to the extent that appropriate insurance is available in the markets in which we conduct business. Siam Pacific, however, encountered a slight delay when it was trying to secure insurance coverage for year 2012 as the insurance companies operating in the Thai market fear the flooding may re-occur this year. Siam Pacific is reasonably confident that ultimately it will find a suitable insurance company to cover fire, flood, and theft.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">4.6&#8195;Environmental Matters</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company is subject to a variety of laws and regulations covering the storage, handling, emission and discharge of materials into the environment.&nbsp; The Company believes that all of its operations are in compliance with, and in certain circumstances exceed, all applicable environmental laws and regulations.&nbsp; The Company has not been subject to any legal, regulatory or other action alleging violations or breaches of environmental standards.&nbsp; While it is difficult to accurately estimate future environmental compliance costs and potential liabilities, if any, accurately, the Company does not currently anticipate any material adverse effect on its consolidated results of operations, financial position or cash flows as a result of compliance with these laws.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 5:&#8195;Operating and Financial Review and Prospects</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The following discussion should be read in conjunction with the information contained in our audited consolidated financial statements and notes thereto (the &#8220;Financial Statements&#8221;) presented in Item 18 of this Annual Report.&nbsp; Because around 91.0% of the Company&#8217;s revenues were derived from its Manufactured Products segment for the year ended December 31, 2011, the following discussion is not presented on a segment basis.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.1&#8195;Disclosures of Critical Accounting Policies</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Management&#8217;s discussion and analysis of financial condition and results of operations discusses the Company&#8217;s consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States.&nbsp; The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&nbsp; On an ongoing basis, management evaluates its estimates and judgments.&nbsp; Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.&nbsp; Actual results may differ from these estimates under different assumptions or conditions.</FONT></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Management believes the following critical accounting policies, among others, affect its more significant judgments and estimates used in the preparation of its consolidated financial statements.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Principles of Consolidation</FONT></U></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The consolidated financial statements include the accounts of the Company and its subsidiaries.&nbsp; All intercompany accounts and transactions have been eliminated on consolidation.&nbsp; The Company&#8217;s investments for which its ownership exceeds 20%, but which are not majority-owned or controlled, are accounted for using the equity method if the Company has the ability to exercise significant influence over the companies&#8217; operating and financial policies. When the Company&#8217;s carrying value in an equity investee company is reduced to zero, no further losses are recorded in the Company&#8217;s consolidated financial statements unless the Company has guaranteed obligations of the investee company or has committed additional funding. When the investee company subsequently reports income, the Company will not record its share of such income until it equals the amount of its share of losses not previously recognized.</FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Use of Estimates</FONT></U></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The preparation of the consolidated financial statements in conformity with generally accepted accounting principles accepted in the United States requires management to make estimates, judgements, and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates reflected in the Company&#8217;s consolidated financial statements include, but are not limited to, useful lives and residual values of long-lived assets, impairment assessment of long-lived assets and goodwill, allowance for accounts and other receivable, accounting for deferred income tax, income tax position, inventory valuation, valuation allowance of deferred tax assets. Actual results could differ from those estimates.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Cash and Cash Equivalents</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Cash and cash equivalents includes cash on hand, bank deposits and all short-term highly liquid investments with an original maturity of three months and are readily convertible to known amounts of cash.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Inventories</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp; Inventories are valued at the lower of cost or market. Cost is determined using the first-in, first-out or weighted average method.</FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">If the expected selling price less completion costs and costs to execute sales (market) is lower than the carrying amount, a write-down is charged to expenses in cost of sales for the amount by which the carrying amount exceeds its market. When the finished goods that were previously written down to market are subsequently sold at above market, a recovery is credited to cost of sales. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Income Taxes</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company follows the liability method of accounting for income taxes in accordance with ASC 740, &#8220;Income Taxes&#8221; (&#8220;ASC 740&#8221;). Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 42.95pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Current income tax expense is the amount of income taxes expected to be payable for the current year. Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax basis and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered. ASC 740, requires that deferred tax assets be evaluated for future realization and reduced by a valuation allowance to the extent the Company believes a portion will not be realized.&nbsp; The Company considers many factors when assessing the likelihood of future realization of its deferred tax assets, including its recent cumulative earnings experience and expectations of future taxable income by taxing jurisdiction, the carry-forward&nbsp; periods available to the Company for tax reporting purposes, and other relevant </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">factors. Deferred income tax expense (benefit) is the net change during the year in the deferred income tax asset or liability.</FONT></P></DIV>

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<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company adopted the provisions of ASC 740 to account for uncertainties in income taxes.&nbsp; ASC 740 contains a two-step approach to recognizing and measuring uncertain tax positions.&nbsp; The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any.&nbsp; The second step is to measure the tax benefit as the largest amount, which is more than 50% likely of being realized upon ultimate settlement.&nbsp; The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and which may not accurately anticipate actual outcomes. The Company&#8217;s policy is to recognize interest expense and penalties related to income tax matters as a component of income tax expense.</FONT></P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Property, Plant and Equipment</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Property, plant and equipment are stated at cost less depreciation and any impairment losses. Asset leases qualifying as capital leases are also included in property, plant and equipment. Major renewals and improvements are capitalized and minor replacements, maintenance, and repair expenses are charged to current operations as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of the assets or the respective lease term, whichever is shorter, as follows:</FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="41%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="59%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="41%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 49pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Land</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 49pt">Land use rights</P></FONT>

   <P style="MARGIN: 0cm 0cm 0pt 49pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Buildings</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 49pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Machinery and equipment</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 49pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Motor vehicles</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 49pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Office equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="59%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 32pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Nil</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 32pt">15 - 50 years</P></FONT>

   <P style="MARGIN: 0cm 0cm 0pt 32pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5 - 30 years</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 32pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5 - 10 years</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 32pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3 - 10 years</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 32pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3 - 10 years</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">No depreciation expense is charged for construction in progress and machinery and equipment under installation.</FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Capitalized interest on construction in progress is added to the cost of the underlying asset and is depreciated over the estimated useful life of the asset in the same manner as the underlying asset. Interest capitalized for 2010 and 2011 amounted to $nil and $9, respectively. The capitalized interest was related to and has been included as part of the cost of Ningbo Pacific&#8217;s construction in progress.&nbsp; </FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">When property and equipment are retired, sold or otherwise disposed of, the asset&#8217;s carrying amount and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations. </FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In 2006, the Company terminated the Ningbo Pacific joint venture and liquidated its major equipment at the Ningbo Pacific facility. In October 2009, the Company has made a resolution to acquire additional 5.42% shareholding of Ningbo Pacific from the Republic of China (&#8220;PRC&#8221;) joint venture partner. The Company plans to resume manufacturing operation with new constructed facilities at the Ningbo Pacific site.&nbsp; The acquisition of additional shareholding is expected to be completed in early 2013. </FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Goodwill</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Goodwill represents the excess of the cost of purchased business over the fair value of the underlying net assets acquired. Goodwill, is not amortized, but tested for impairment at least annually or more frequently if circumstances indicate that impairment may exist.&nbsp; The Company determined it has three reporting units in which the entire goodwill was allocated to manufactured product segment.</FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In accordance with ASC 350 &#8220;Intangible &#8211; Goodwill and Others&#8221;, (&#8220;ASC 350&#8221;), the Company performed a two-step test to assess goodwill impairment as of December 31, 2011. First, the Company identifies potential goodwill impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company determines fair value using a discounted cash flow approach and makes reference to </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">the market capitalization of the Company. If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of goodwill impairment loss. </FONT></P></DIV>

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<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Based on the Company&#8217;s assessment conducted as of December 31, 2011, the Company recognized goodwill impairment charges of $8.8 million, and the carrying amount was $nil as of December 31, 2011. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Investments</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Management determines the appropriate classification of its investments at the time of purchase and re-evaluates such designation as of each balance sheet date.&nbsp; </FONT></P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company accounts for its investments in equity securities of privately-held companies as cost method investment in accordance to ASC 325, &#8220;Investments &#8211; Others&#8221; as these securities do not have readily determinable fair value. Investments in which the Company does not have a controlling interest or an ownership voting interest to exert significant influence, and which are not publicly traded are accounted for at cost&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company accounts for its investments in equity securities that have readily determinable fair value using ASC 320, &#8220;Investments &#8211; Debt and Equity Securities&#8221;. Equity securities are classified as available-for-sale, as the Company does not trade in these securities, but rather they are held as longer term investments due to business relationships with the entities. Available-for-sale securities are carried at fair value, with the unrealized gains and losses, net of tax, reported in a separate component of shareholders&#8217; equity.&nbsp; Realized gains and losses and declines in values judged to be other-than-temporary on available-for-sale securities are included in investment income.&nbsp; The cost of securities sold is based on the specific identification method.&nbsp; Interest and dividends on securities classified as available-for-sale are included in investment income.</FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Investments in entities in which the Company can exercise significant influence but does not own a majority equity interest or control are accounted for using the equity method of accounting under ASC sub-topic 323-10, (&#8220;ASC 323-10&#8221;), Investments&#8212;Equity Method and Joint Ventures: Overall, and included as investment in equity investees in the balance sheets. Under the equity method, the Company&#8217;s proportionate share of each equity investee&#8217;s net income or loss is included as share of income (losses) in equity investees in the consolidated statements of operations. An investor shall record its proportionate share of the investee&#8217;s equity adjustments for other comprehensive income (e.g. foreign currency items, etc) as increase or decrease to the investment account with corresponding adjustment in equity. The Company evaluated the investment in equity investee for impairment under ASC 323-10. An impairment loss on the investment in equity investee is recognized in the consolidated statements of operations when the decline in value is determined to be other-than-temporary.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">A judgmental aspect of accounting for investments (including investments in equity investees) involves determining whether an other-than-temporary decline in value of the investment has been sustained.&nbsp; If it has been determined that an investment has sustained an other-than-temporary decline in its value, the investment is written down to its fair value, by a charge to earnings. &nbsp;Such evaluation is dependent on the specific facts and circumstances.&nbsp; Factors that are considered by the Company in determining whether an other-than-temporary decline in value has occurred include: the market value of the security in relation to its cost basis; the financial condition of the investee; and the intent and ability to retain the investment for a sufficient period of time to allow for recovery in the market value of the investment. </FONT></P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In 2009, 2010 and 2011, the Company recorded an impairment charge of $nil, $346 and $nil, respectively, related to certain available-for-sale investment.&nbsp; </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 42.95pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Impairment of Long-Lived Assets</FONT></U></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp; The Company accounts for impairment of long-lived assets in accordance with ASC 360, &#8220;Property, Plant and Equipment&#8221;.&nbsp; Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.&nbsp; In such instances, the Company estimates the undiscounted future cash flows that result from the use of the asset and its ultimate disposition.&nbsp; If the sum of the undiscounted cash flows is less than the carrying value, the Company recognizes an </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">impairment loss, measured as the amount by which the carrying value exceeds the fair value of the asset group, determined principally using discounted cash flows.&nbsp; </FONT></P></DIV>

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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In 2009, the Company recorded an impairment charge of $77 related to the impairment of a factory in Thailand (included in the manufactured products segment) that is not being used for operation.&nbsp; The impairment charge was recorded to reduce the carrying value of the identified assets to fair values. Fair values were derived using a variety of methodologies, including cash flow analysis, estimates of sales proceeds and independent appraisals. Where cash flow analyses were used to estimate fair values, key assumptions employed, included estimates of future growth, estimates of gross margins and estimates of the impact of inflation. The charges were primarily the result of management&#8217;s revised outlook due to the prolonged unfavorable market conditions.</FONT></P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">There was no impairment charge in 2010. In 2011, the Company recorded an impairment charge of $25 related to the damage to Siam Pacific&#8217;s machinery due to the flooding in Thailand. The impairment is stated as a line item, &#8220;Charges related to flooding&#8221; within operating expenses. </FONT></P>

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<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Account Receivables and allowance for doubtful accounts</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: left; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Accounts receivables are stated at face value less any allowance for doubtful accounts.&nbsp;The Company maintains allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Management considers the following factors when determining the collectability of specific customer accounts: customer credit-worthiness, customer financial condition, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. </FONT></P>

<P style="TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Lease obligations </FONT></U></P>

<P style="TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In accordance with ASC 840, Leases, leases for a lessee are classified at the inception date as either a capital lease or an operating lease. The Company assesses a lease to be a capital lease if any of the following conditions exist: a) ownership is transferred to the lessee by the end of the lease term, b) there is a bargain purchase option, c) the lease term is at least 75% of the property&#8217;s estimated remaining economic life or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date. A capital lease is accounted for as if there was an acquisition of an asset and an incurrence of an obligation at the inception of the lease. The capitalized lease obligation reflects the present value of future rental payments, discounted at the appropriate interest rates. The cost of the asset is amortized over the lease term. However, if ownership is transferred at the end of the lease term, the cost of the asset is amortized as set out below under property, plant and equipment. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Operating lease expenses are recognized on a straight-line basis over the applicable lease term.</FONT></P>

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<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Revenue Recognition</FONT></U></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Revenue represents the invoiced value of goods sold, net of value added tax and returns, invoiced value on distribution activities, and service fee income on installation activities.&nbsp; Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognized. </FONT></P>

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<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Sales of manufactured goods and distributed products </FONT></I></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company recognizes revenue from the sale of manufactured goods and distributed products upon passage of title to the customer that coincides with their delivery and acceptance. These revenue recognition are recognized in accordance with SEC Staff Accounting Bulletin (SAB) No. 104. The Company recognizes its revenue of sale of distributed products at gross as the Company is the primary obligor in the transaction. </FONT></P>

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<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company classifies shipping and handling costs incurred within cost of sales.</FONT></P>

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<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Supply, Delivery and Installation</FONT></I></P>

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<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company&#8217;s supply, delivery and installation services are considered as multiple elements arrangements and are accounted for in accordance with ASC subtopic 605-25, Revenue Recognition: Multiple-Element Arrangements (&#8220;ASC 605-25&#8221;). Elements such as installation service and sale of cables are considered as separate elements contained in a single arrangement, or in related arrangements with the same customer. The Company allocates revenue to each element based on its relative fair value. The allocation of the fair value to the delivered elements is limited to the amount that is not contingent on future delivery of services or subject to customer-specified return or refund privileges.&nbsp; The Company prospectively adopted Accounting Standards Update (&#8220;ASU&#8221;) No. 2009-13, Multiple-Deliverable Revenue Arrangements (&#8220;ASU 2009-13&#8221;), a consensus of the FASB Emerging Issues Task Force that amends ASC 605-25, on January 1, 2011. </FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In accordance with ASU 2009-13, certain delivered items in multiple-element arrangements, which previously would not qualify for separate units of accounting due to the lack of vendor-specific objective evidence or third-party evidence of selling price, are accounted for as separate units of accounting, to which the total consideration of the arrangements is allocated based on management&#8217;s best estimate of the selling price (&#8220;BESP&#8221;). We consider all reasonably available information in determining the BESP, including both market and entity-specific factors. The adoption of ASU 2009-13 does not have a material effect on our financial statements, the units of accounting and the pattern and timing of revenue recognition is not changed materially. </FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company recognizes revenue from installation activities using the percentage-of-completion method, based on the customer certification of the distance of cable laid with respect to the estimated total contract revenue, and in accordance with ASC 605-35, &#8220;Revenue Recognition-Construction-Type and Production-Type Contracts&#8221;. The timing of revenue recognition of cable sales and installation services are substantially identical.</FONT></P>

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<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Bill-and-hold arrangements</FONT></I></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; The Company recognizes revenue of sale of cables under bill-and-hold arrangements requested by certain customers in Thailand, in accordance with SAB 104.</FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">As at December 31, 2009, 2010 and 2011, the revenue recognized under bill-and-hold arrangements where the cables were not yet delivered was $8.6 million, $17.9 million and $5.8 million, respectively.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Customers&#8217; incentive </FONT></I></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;</FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company offers sales incentives in connection with power cable sales to wholesalers and distributors. These incentives include both rebates offered to customers for purchasing a certain volume of product during the year and settlement discounts for early payment of sales invoices. Both forms of incentives are recognized as a reduction to gross sales.</FONT></P>

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<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Foreign Currency Translation and Transactions</FONT></U></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The functional currency of the Company&#8217;s international subsidiaries is generally the local currency or U.S. Dollars.&nbsp; For these subsidiaries, the Company translates the assets and liabilities at exchange rates in effect at the balance sheet date and income and expense accounts at average exchange rates during the year.&nbsp; Resulting currency translation adjustments are recorded directly to accumulated other comprehensive income within stockholders&#8217; equity.&nbsp; </FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Foreign currency transactions are recorded at the applicable rates of exchange in effect at the transaction dates.&nbsp; Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date.&nbsp; Gains and losses from foreign currency transactions are recorded in the consolidated statements of operations.</FONT></P>

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<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Foreign Currency Forward Contracts</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P></DIV>

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<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company recognizes derivative financial instruments in the consolidated financial statements at fair value regardless of the purposes or intent for holding the instrument. Changes in the fair value of derivative financial instruments are either recognized periodically in income or in shareholders&#8217; equity as a component of comprehensive income depending on whether the derivative financial instruments qualify for hedge accounting, and if so, whether they qualify as a fair value or cash flow hedge. </FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Generally, changes in fair values of derivatives accounted for as fair value hedges are recorded in income along with the portions of the changes in the fair value of the hedged items that relate to the hedged risks. Changes in fair value of derivatives accounted for as cash flow hedges, to the extent they are effective as hedges, are recorded in other comprehensive income net of deferred taxes. Changes in fair value of derivatives used as hedges of the net investment in foreign operations are reported in other comprehensive income as part of the cumulative translation adjustment. Changes in fair values of derivatives not qualifying as hedges are reported in the consolidated statements of operations. </FONT></P>

<P style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company&#8217;s subsidiaries use forward foreign exchange contracts to reduce their exposure to foreign currency risk for liabilities denominated in foreign currency. A forward foreign exchange contract obligates the Company to exchange predetermined amounts of specified foreign currencies at specified exchange rates on specified dates or to make an equivalent U.S. dollar payment equal to the value of such exchange.&nbsp; Realized and unrealized gains and losses on foreign exchange contracts are included as foreign exchange gains or losses in the consolidated statements of operations as such contracts do not qualify for hedge accounting.</FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">As of December 31, 2010 and 2011, the Company had outstanding forward exchange purchase contracts with notional values of $nil and $2,317, respectively. The outstanding forward exchange contracts as of December 31, 2011 matured in January 2012. The Company records these contracts at fair value with the related gains and losses of $nil, $nil and $64, for the years ended December 31, 2009, 2010 and 2011, respectively in the consolidated statements of operations. </FONT></P>

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<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Copper Future Contracts </FONT></U></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Copper future contracts are designed to manage the Company&#8217;s consolidated exposure to change in inventory value due to fluctuations in market prices for selected operating units. Within the ordinary course of business the Company routinely enters into purchase transactions for copper. The majority of these transactions take the form of contracts that were entered into and continue to be held for the purpose of receipt or delivery of the copper in accordance with the Company&#8217;s expected sales or production timing or usage requirements. Such contracts are not within the scope of hedging accounting, or derivatives. To date, these contract positions have not had a material effect on the Company&#8217;s financial position, results of operations or cash flow.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Earnings (Loss) Per Share</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Basic and diluted earnings (loss) per share are calculated in accordance with ASC 260, &#8220;Earnings Per Share&#8221;.&nbsp; There are no dilutive equity instruments for all periods presented. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Fair Value Measurements</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10.5pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Effective from January 1, 2008, the Company adopted the provisions of ASC 820, &#8220;Fair Value Measurements and Disclosures&#8221; for financial assets and liabilities. Under ASC 820, fair value is defined as the price that would have been received to sell an asset or paid to transfer a liability (i.e., the &#8220;exit price&#8221;) in an orderly transaction between market participants at the measurement date. </FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In determining fair value, the Company uses various valuation approaches. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company&#8217;s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the observability of inputs as follows:</FONT></P></DIV>

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<P style="TEXT-INDENT: -19pt; MARGIN: 0cm 0cm 0pt 61pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 1 - Valuations based on quoted prices in active markets for identical assets that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 instruments. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.</FONT></P>

<P style="TEXT-INDENT: -19pt; MARGIN: 0cm 0cm 0pt 61pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -19pt; MARGIN: 0cm 0cm 0pt 61pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 2 - Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.</FONT></P>

<P style="TEXT-INDENT: -19pt; MARGIN: 0cm 0cm 0pt 61pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -19pt; MARGIN: 0cm 0cm 0pt 61pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; Level 3 - Valuations based on unobservable inputs which are supported by little or no market activity and significant to the overall fair value measurement.</FONT></P>

<P style="TEXT-INDENT: -19pt; MARGIN: 0cm 0cm 0pt 61pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The availability of observable inputs can vary from investment to investment and is affected by a wide variety of factors, including, for example, the type of investment, the liquidity of markets and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment and the investments are categorizes as Level 3. </FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The carrying amounts of financial instruments, including cash and cash equivalents, bank deposits, trade receivables, other current assets, trade payables, related party balances and other liabilities approximate their fair value due to the short-term maturities of such instruments.</FONT></P>

<P style="TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -14.7pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Recent Pronouncements </FONT></U></P>

<P style="MARGIN: 0cm 0cm 0pt 42.95pt"><FONT style="FONT-SIZE: 10.5pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In May 2011, the FASB issued an additional guidance ASU 2011-04&nbsp; &#8220;Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs&#8221; which clarifies the application of existing fair value measurement and disclosure requirements, changes certain fair value measurement principles and requires additional disclosures about fair value measurements. The updated guidance is effective on a prospective basis for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2011. The adoption of this guidance will not have a material impact on the Company&#8217;s consolidated financial statements.</FONT></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: left; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 12pt" align=left><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In June 2011, the FASB issued an ASU 2011-05</FONT><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8220;Presentation of Comprehensive Income&#8221;</FONT></I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> which amended guidance for the presentation of comprehensive income. The amended guidance requires the presentation of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The amended guidance also requires presentation of adjustments for items that are reclassified from other comprehensive income to net income in the statement where the components of net income and the components of other comprehensive income are presented. The amended guidance is effective on a retrospective basis for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2011. The Company believes the adoption of this update will change the order in which certain financial statements are presented and provide additional detail on those financial statements when applicable, but will not have any other impact on its financial statements or results of operations. The Company plans to adopt this standard with effect during and from the interim period ended March 31, 2012.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: left; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 12pt" align=left><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In December 2011, ASU No. 2011-12, &#8220;Comprehensive Income (Topic 220): Deferral of the&nbsp; Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05&#8221;. This ASU defers the changes in ASU 2011-05 that relate to the presentation of reclassification adjustments and supersedes certain pending paragraphs. ASU 2011-12 will be applied retrospectively. ASU 2011-12 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted. The Company believes the adoption of this update will change the order in which certain financial statements are presented and provide additional detail on those financial statements when applicable, but will not have any other impact on its financial statements or results of operations. The Company plans to adopt this standard during the interim period ended March 31, 2012. </FONT></P></DIV>

<P style="TEXT-ALIGN: center">42</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: left; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 12pt" align=left><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.2&#8195;Selected Gross Margin Data</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">This discussion should be read in conjunction with the information contained in our Financial Statements presented in Item 18 of this Annual Report.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Results are analyzed and reported along the lines of our three principal business segments, consisting of Manufactured Products, SDI project engineering, and Distributed Products.&nbsp; The operating data that senior management collects and analyzes from our operating subsidiaries include, in certain cases, certain limited information regarding results along product lines that are components within our Manufactured Products segment.&nbsp; For the benefit of our shareholders, included in the summary table below are certain results for product lines within our Manufactured Products segment with regard to net sales, gross profit and gross profit margin for the periods covered.&nbsp; The following table sets forth selected summary data for the periods indicated (dollar ($) amounts in thousands of US$) </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-INDENT: -1.15pt; MARGIN: 0cm 0cm 0pt 21.2pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(Figures in 2009 and 2010 were restated to reflect the results of discontinued operations of SPFO. For details, see &#8220;Item 5.3: Operating Results&#8221;)</FONT></B></P>

<P style="TEXT-INDENT: -1.15pt; MARGIN: 0cm 0cm 0pt 21.2pt"><STRONG></STRONG>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2009</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2011</FONT></B></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Net Sales:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Manufactured Products:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Telecommunications wire and cable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$26,011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$44,917</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">28,580</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Power cable </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">102,972</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">148,300</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">200,673</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Enameled wire </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">135,145</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">202,842</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">200,221</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total Manufactured Products </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">264,128</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">396,059</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">429,474</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -4.75pt; MARGIN: 0cm 0cm 0pt 4.75pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Supply, delivery and installation of wires and </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt 4.75pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">cables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">34,008</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">23,600</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">16,972</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Distributed Products </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">28,102</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">26,935</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">25,500</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total net sales</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">326,238</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">446,594</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">471,946</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Gross profit:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Manufactured Products:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Telecommunications wire and cable </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3,593</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">13,417</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6,529</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Power cable </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">8,602</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">25,233</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">26,487</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Enameled wire </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2,093</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">14,778</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">9,860</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total Manufactured Products </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">14,288</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">53,428</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">42,876</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Supply, delivery and installation of wires and </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">cables </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">889</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">242</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">57</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Distributed Products </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1,517</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1,379</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2,955</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Inventory Impairment </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">23,949</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1,974</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(1,993)</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total gross profit </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">40,643</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">57,023</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">43,895</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Gross profit margin:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Manufactured Products:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Telecommunications wire and cable </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">13.8%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">29.9%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">22.8%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Power cable </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">8.4%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">17.0%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">13.2%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Enameled wire </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.5%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.3%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.9%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 3pt"><FONT style="FONT-SIZE: 12pt" lang=X-NONE face=Cambria></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 3pt"><FONT style="FONT-SIZE: 12pt" lang=X-NONE face=Cambria></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 3pt"><FONT style="FONT-SIZE: 12pt" lang=X-NONE face=Cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total Manufactured Products </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.4%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">13.5%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">10.0%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">SDI Project engineering </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.6%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.0%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.3%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Distributed Products </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.4%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.1%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">11.6%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total gross margin </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">12.5%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">12.8%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">9.3%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Note: Inventory impairment is separated from calculation of total manufactured gross margin but included in the total gross profit.&nbsp; </FONT></P></DIV>

<P style="TEXT-ALIGN: center">43</P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.3&#8195;Operating Results</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company is 65.6% owned and controlled by PEWC, a Taiwanese company.&nbsp; An additional 9.8% of the Common Shares are owned and controlled by a U.S.-based private equity fund.&nbsp; The remaining 24.6% of the outstanding Common Shares are publicly-traded in the United States </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">and listed on NASDAQ</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">.&nbsp; Based upon a review of Schedule 13D and 13G filings made with the Commission by shareholders, and a review of the share register maintained by the Company&#8217;s transfer agents in Bermuda and the U.S., the Company is not aware that it has any shareholders resident in the jurisdictions where the Company has business operations.&nbsp; While the Company&#8217;s operations and results are impacted by economic, fiscal, monetary and political policies of the respective governments in the countries where the Company operates, that impact is not a function of the shareholder base of the Company.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">5.3.1</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="ms gothic">&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Year Ended December 31, 2011 Compared with Year Ended December 31, 2010</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><STRONG></STRONG>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">General</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Results of operations are determined primarily by market demand and government infrastructure projects, market selling prices of our products, our ability to manufacture high quality products efficiently in quantities sufficient to meet demand and to control production and operating costs.&nbsp; Our results are also influenced by a number of factors, including currency stability in the countries in which our operations are located, competition and the cost of raw materials, especially copper, which accounted for majority of the cost of sales in 2011. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">In order to minimize the impact of copper price fluctuations, we attempt to &#8220;peg&#8221; the prices of our products to the prevailing market price of copper and pass changes in the cost of copper through to customers as much as possible.&nbsp; In certain circumstances, however, we remain affected by fluctuations in the price of copper.&nbsp; A recent rise or decline in copper prices may not be fully reflected under this pricing scheme for several months.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Average copper prices per metric ton have increased by 17% from $7,534 in 2010 to $8,826 in 2011 (four quarters average). Gross profit margins for Manufactured Products in 2010 were on average at 13.5% compared to 10.0% in 2011. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Copper prices indicated in this report are quoted from the LME index.&nbsp; The 2010 and 2011 copper prices are as follows:</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="60%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2011</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="60%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Average LME copper price ($/Ton)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1Q</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">9,641</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7,232</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="60%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2Q</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">9,314</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7,027</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="60%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3Q</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">8,710</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7,242</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="60%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4Q</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7,641</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">8,636</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="60%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">8,826</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7,534</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The average copper price in February 2012 on the LME was $8,591 per metric ton.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Net Sales</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Total sales of manufactured product increased by $33.4 million, or 8.4%, from $396.1 million in 2010 to $429.5 million in 2011. Sales of power cable increased by $52.4 million in 2011, or 35.3%, due to an increasing demand in Thailand and Australia as a result of expanded government and private construction contracts. Sales of enameled wire on the other hand decreased by $2.6 million, due to reduced customer demand in all of the enameled wire manufacturing sites, i.e., Charoong Thai, Siam Pacific, PEWS, and Shanghai Yayang. Sales of telecommunication cable were reduced by $16.3 million, as the government projects in Thailand shrank.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">44</P>

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<A name="page_48"></A>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Revenue from supply, delivery and installation of wires and products in Singapore decreased in 2011 by $6.6 million, or 28.1% due to reduced Singapore government budget. &nbsp;However, we do perceive some positive signs that the government&#8217;s spending is getting back on track and more tenders are expected in 2012 and beyond. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Revenue from Distributed Products was at $25.5 million in 2011, down from $26.9 million in 2010. &nbsp;An overall strategy to boost sales and gross margin is underway beginning the second quarter 2012.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The following table shows the percentage share and dollar value (in thousands) of net sales of the respective geographical locations of manufacturing plant of Manufactured Products only and all products and services with respect to our total sales in 2011:</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" colSpan=2>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Manufactured</FONT></B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">products only</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" colSpan=2>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">All products</FONT></B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">and services</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="52%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Thailand</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">43.3%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$186,034</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">42.0%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$198,077</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="52%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Singapore</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">12.2%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$52,353</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">17.6%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$74,227</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="52%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Australia</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">13.7%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$58,932</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">13.0%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$61,457</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">China</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.8%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$132,155</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">27.4%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$138,185</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="52%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$429,474</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$471,946</FONT></P></DIV></TD></TR></TABLE><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I></DIV>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 12pt 0cm"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Gross Profit</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Gross profit for 2011 was $43.9 million, representing a decrease of $13.1 million, or 23.0% down compared to $57.0 million in 2010.&nbsp; The decrease was primarily attributable to the raw material (copper) cost that we were unable to pass on fully to our customers. In addition, our factory utilization was less than that of 2010, and thus we were&nbsp;unable to pass on the increased&nbsp;cost to our customers. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Apart from the inventory impairment of $2.0 million, gross profit contributed by sales of manufactured products was $42.9 million in 2011 compared to $53.4 million in 2010, a decrease of 19.7%, for the reason given above. The relative contribution to gross profit from Manufactured Products for 2010 and 2011 is as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2011</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Manufactured Products:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Telecommunications wire and cable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">25.1%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">15.2%</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Power cable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">47.2%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">61.8%</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Enameled wire</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">27.7%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">23.0%</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: 18pt; MARGIN: 12pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The contribution to gross profit from each segment line (and the components within the manufactured products segment) for 2010 and 2011 is as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="56%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">2011</FONT></B></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="56%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Manufactured Products:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="56%">

   <P style="TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Telecommunications wire and cable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">23.5%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">14.9%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="56%">

   <P style="TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Power cable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">44.3%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">60.3%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="56%">

   <P style="TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Enameled wire</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">25.9%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">22.5%</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="56%">

   <P style="TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 10pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">93.7%</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">97.7%</FONT></B></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="56%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Supply, delivery and installation of wires and cables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">0.4%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">0.1%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="56%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Distributed Products</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">2.4%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">6.7%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="56%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Inventory impairment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">3.5%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">(4.5%)</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="56%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="22%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">45</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_49"></A>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Overall gross profit margins decreased from 12.8% in 2010 to 9.3% in 2011 (reason as given above).&nbsp; Gross profit margins for Manufactured Products also decreased from 13.5% in 2010 to 10.0% in 2011.&nbsp; Manufactured Products and SDI project segments posted lower gross margin (reason as given before), as the competition from four Korean contractors, i.e., ILJIN Electric Co. Singapore Branch, LS Cable &amp; System Ltd. Singapore Branch, Taihan Electric Wire Co., Ltd., and Hi Power Pte. Ltd., are bidding at the lowest price possible, thus driving down the gross margin generation for this sector. Gross profit from telecommunication cables posted a&nbsp;lower margin, as the price competition&nbsp;has become more and more intense.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Operating Profit</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">In 2011, we recorded a reversal of &nbsp;allowance for doubtful accounts of $1.5 million, owing to the fact that one of the major customers of Siam Pacific, A.S. Associated Engineering (1964) Co., Ltd. continued to settle the long outstanding trade receivables.&nbsp; Our internal controls provide that we perform a detailed review of our outstanding receivables, and make adjustments to our estimate to reflect significant delinquent accounts receivable.&nbsp; The Company is not aware of any significant delinquent accounts receivable that have not already been adequately reserved.&nbsp; In addition, we believe that our periodic allowance for doubtful accounts will continue to not have a material impact on our liquidity.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Overall Selling, General and Administrative (&#8220;SG&amp;A&#8221;) expenses increased by $1.8 million, mainly due to the increase in transportation charges in APEC by $0.8 million resulted from the increase in fuel cost. The remaining variance was owing to currency translation adjustment.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Accounts receivable, net of allowance for doubtful accounts, decreased by $46.1 million from December 31, 2010 of $144.5 million to $98.3 million </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">as of December 31, 2011</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">.&nbsp; The decrease in accounts receivable reflects our continuous effort in collecting outstanding debt in a time of global economic uncertainty. The overall Day of Sales Outstanding stands at approximately 92 days, improved as compared to that of 2010 where the number showed 102 days to get the sales proceeds collected. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Exchange Gain/Loss</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The exchange rates at end of December 31, 2010 and 2011 are listed below, based on the Noon Buying Rate. However, they do not actually reflect the ongoing rates during the year when transactions actually took place.&nbsp; </FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">December 31,</FONT></B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">December 31,</FONT></B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2011</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Foreign currency to US$1:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Thai Baht </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">31.51</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Singapore $ </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.29</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.295</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Australian $ </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.976</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Chinese RMB </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.60</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.294</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Based on the above rates, the revaluation of assets and liabilities denominated in U.S. dollars or other foreign currencies in the Company resulted in unrealized and realized foreign exchange loss of $1.3 million in 2011.&nbsp; </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Impairment of Investment</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">There have been no investment impairment losses recorded in 2011.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Other Income</FONT></I><B><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> &nbsp;</FONT></I></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Other income refers to scrap sales of copper as a result of testing and quality control process and dividend income received.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Bill-and Hold Transactions</FONT></I></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&nbsp;During 2011, Charoong Thai entered into bill-and-hold arrangements with certain customers in Thailand. The Company recognized the revenue under such bill-and-hold arrangements in accordance with </FONT><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">SAB Topic 13A.3.a</FONT></I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">, </FONT><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;Bill-and-hold Arrangements&#8221;</FONT></I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">. As of December 31, 2011, the revenue recognized under bill-and-hold arrangements where the cables were yet delivered was $8.6 million, compared to $17.9 million as of December 31, 2011. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Discontinued Operations</FONT></I></P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The divesture of Shandong Pacific Fiber Optics Co. Ltd (&#8220;SPFO&#8221;) was an important goal, and accomplishment, of the Company&#8217;s board of directors and management to enable the Company to focus on its core wire and cable businesses that are more profitable and thereby increase shareholder value. </FONT></P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">While SPFO has been one of the larger manufacturers of fiber optic cable in Shangdong Province, the Company believes that an oversupply of fiber-optic cable products limits the opportunities for sustained development of what is a non-core product line for the Company. In addition, the fiber-optic cable sector throughout China has been dominated by a few large players, who together account for more than 80% of sales of fiber-optic cable products. This market concentration has made competition difficult for companies, such as the Company, that have not committed substantial resources to the fiber optic industry, and SPFO faces additional challenges, such as obtaining raw materials like optical fiber at prices that are competitive in the market place. Moreover, the Chinese government is encouraging further consolidation of fiber and cable manufacturers, and it is not part of the Company&#8217;s current business strategies to put substantial investment in this market sector. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company successfully entered into an agreement to sell its 51% interest in the SPFO joint venture to a group of third party investors in exchange for a total cash consideration of RMB 18.5 million (approximately $2.9 million), effective upon the directors approval on&nbsp;September 7,&nbsp;2011. The share transfer was completed on December 1, 2011. Consequently, the Company&#8217;s deconsolidated SPFO effective December 2011. The Company recognized $2.0 million gain on disposal of a subsidiary in the consolidated of operations.</FONT></P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Goodwill Impairment</FONT></I></P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Goodwill of $8.8 million as of December 31, 2010 relating to the manufactured products segment and the changes in the carrying amount of goodwill are as follows: </FONT></P>

<P style="TEXT-INDENT: 20.25pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Balance, December 31, 2010</FONT></P></TD>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6pt 0pt 0cm; VERTICAL-ALIGN: baseline" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$ 8,801</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Disposal of a subsidiary </FONT></P></TD>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6pt 0pt 0cm; VERTICAL-ALIGN: baseline" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(10)</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Impairment </FONT></P></TD>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Balance, December 31, 2011</FONT></P></FONT></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 9.9pt; PADDING-TOP: 0cm" vAlign=top width="14%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6pt 0pt 0cm; VERTICAL-ALIGN: baseline; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$ &#8211;</FONT></P></FONT></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt 0.05pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In accordance with ASC 350, the Company assessed the fair value of the reporting unit as of December 31, 2011. The Company adopted the discounted cash flow approach and, considering that the reporting unit constituted the majority of the overall consolidated group, by reference to the closing price of its Common Shares on that date as well as an assumed control premium. From January 2011 to December 2011, the stock market downturn caused a decline in the Company&#8217;s stock price by 54.8%, which resulted in a significant reduction in the Company&#8217;s market capitalization. As of December 31, 2011, the assessed fair value was below the carrying value of the reporting unit. The Company then performed a hypothetical purchase price allocation using the fair value of reporting unit and determined that the goodwill was fully impaired. As a result, the Company recognized a goodwill impairment charge of $8.8 million for the year ended December 31, 2011 as a separate item in the consolidated statements of operations. </FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 21.3pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Thailand Flood Losses</FONT></I></P>

<P style="MARGIN: 0cm 0cm 0pt 21.3pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Siam Pacific suspended operations temporarily in the fourth quarter of 2011 due to damage sustained from the region&#8217;s recent flooding. The Siam Pacific facility, located 30 kilometers (18.6 miles) north of Bangkok, manufactures enameled wire and communication wire.&nbsp; The facility sustained water damage, as the water level reached approximately 1.5 meters which damaged some of the machinery and equipment in the plant, as well as some of the inventory in the warehouse. As a result, the Company recorded $3.9 million of flood-related charges, including fixed asset impairments, recovery charges and a write-down of damaged inventory and recognized $0.9 million of deferred tax asset related to the charges in 2011. These charges are separately stated as a line item, &#8220;Charges related to flooding&#8221; within operating expense on the consolidated statements of operations. </FONT></P>

<P style="TEXT-INDENT: -31.5pt; MARGIN: 0cm 0cm 0pt 31.5pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company&#8217;s insurance policy covers the flood damage to the building, machinery, and inventory; however, it does not cover losses due to the business disruption.&nbsp; The process of submitting claims to the Company&#8217;s insurers is in its early stages and the Company is unable to determine how much of its losses will be covered by insurance. </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income Taxes</FONT></I></P>

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<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Income tax expense was $4.6 million in 2011 compared to $6.4 million in 2010. The fluctuation was mainly due to the decrease in pre-tax income and non-deductible expense of goodwill impairment.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">5.3.2</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="ms gothic">&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Year Ended December 31, 2010 Compared with Year Ended December 31, 2009 </FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 12pt 0cm"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">General</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Results of operations are determined primarily by market demand and government infrastructure projects, market selling prices of our products, our ability to manufacture high quality products efficiently in quantities sufficient to meet demand and to control production and operating costs.&nbsp; Our results are also influenced by a number of factors, including currency stability in the countries in which our operations are located, competition and the cost of raw materials, especially copper, which accounted for majority of the cost of sales in 2010. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">In order to minimize the impact of copper price fluctuations, we attempt to &#8220;peg&#8221; the prices of our products to the prevailing market price of copper and pass changes in the cost of copper through to customers as much as possible.&nbsp; In certain circumstances, however, we remain affected by fluctuations in the price of copper.&nbsp; For example, the price of telecommunications cable sold for use in public projects in Thailand is determined semi-annually and is based upon the average spot market price of copper on the LME during the six-month period commencing on January 1 and July 1 prior to the month of order.&nbsp; Thus, a recent rise or decline in copper prices may not be fully reflected under this pricing scheme for several months.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Average copper prices per metric ton have increased by 48.9% from $5,150 in 2009 to $7,534 in 2010 (four quarters average). Gross profit margins for manufactured products in 2009 were on average at 12.8% compared to 13.1% in 2010. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Copper prices indicated in this report are quoted from the London Metals Exchange (LME) index.&nbsp; The 2010 and 2009 copper prices are as follows:</FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2009</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="62%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Average LME copper price ($/Ton)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1Q</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7,232</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3,428</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="62%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2Q</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7,027</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4,663</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="62%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3Q</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7,242</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5,859</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="62%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4Q</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">8,636</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6,648</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="62%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7,534</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5,150</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The average copper price in April 2011 on the LME was $9,483 per metric ton.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">48</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_52"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Net Sales</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Sales of manufactured product increased by $131.9 million, or 50.0%, from $264.1 million in 2009 to $396.1 million in 2010. Sales of power cable increased by $45.3 million in 2010, or 44%, due to an increasing demand in Thailand as a result of expanded government and private construction contracts, coupled with increase in Australia due to much higher sales prices. Sales of enameled wire also increased, by 50.1% to $202.8 million.&nbsp; In Thailand, enameled wire sales increased by $28.9 million due to much more demand locally. Elsewhere enameled wire sales in CCH HK also increased to produce over $86.8 million in 2010 compared to $64.3 million in 2009. Shanghai Yayang even increase its sales of enameled wire up to nearly $40.0 million in 2010 compared to $23.3 million in 2009 due to the heavy demand from eastern part of China customers. Sales of telecommunication cable, however in Thailand, the fiber optic business (i.e. telecommunication cable) picked up to $44.9 million in 2010 from $26.0 million in 2009.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Revenue from SDI project engineering in Singapore decreased in 2010 by $9.2 million, or 28.1% down as phase I of the government sponsored casino projects came to an end in mid-2010. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Revenue from Distributed Products was at $27.1 million in 2010, down from $28.1 million in 2009.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The following table shows the percentage share and dollar value (in thousands) of net sales of the respective geographical locations of manufacturing plant of Manufactured Products and provision of Distributed Products and SDI services with respect to our total sales in 2010:</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="48%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="26%" colSpan=2>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">Manufactured</FONT></B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">products only *</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="26%" colSpan=2>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">All products</FONT></B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">and services *</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="48%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Thailand </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">48.0%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$190,364</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">45.6%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$203,758</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="48%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Singapore </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">8.7%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$34,248</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">14.5%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$64,783</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="48%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Australia </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">11.4%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$45,053</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">10.4%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$46,289</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="48%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">China </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">31.9%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$126,394</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">29.5%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$131,764</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="48%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$396,059</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">$446,594</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0cm 12pt 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">* Figures in 2010 were restated to exclude revenue of SPFO which was presented as discontinued operations. See &#8221;Item 5.3.1.&#8221;</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Gross Profit</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Gross profit for 2010 was $57.0 million, representing an increase of $16.4 million, or 40.3% compared to $40.6 million in 2009.&nbsp; The increase was primarily attributable to the raw material cost increases and which we were able to pass on to our customers, while some of the fixed costs would stay at the same level. The upward adjustment of copper prices was in line with the general increase over the course of 2010 in commodity prices. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Apart from the write-back of inventory impairment of $2.0 million, gross profit contributed by sales of Manufactured Products was $53.4 million in 2010 compared to $14.3 million in 2009, an increase of 273.4%.&nbsp; The increase in gross profit from sale of Manufactured Products is due to the higher sales price chargeable to customers across various markets in which the Company operates.&nbsp; The relative contribution to gross profit from Manufactured Products for 2009 and 2010 is as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2009</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Manufactured Products:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Telecommunications wire and cable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">25.1%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">25.1%</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Power cable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">60.2%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">47.2%</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Enameled wire</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">14.7%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">27.7%</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The contribution to gross profit from each segment line (and the components within the manufactured products segment) for 2009 and 2010 is as follows:</FONT></P>

<P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">2009</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Manufactured Products:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Telecommunications wire and cable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">8.8%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">23.5%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Power cable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">21.2%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">44.3%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Enameled wire</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; WORD-BREAK: break-all" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">5.2%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; WORD-BREAK: break-all" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">25.9</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">%&nbsp;</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 10pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">35.2%</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">93.7%</FONT></B></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Supply, delivery and installation of wires and cables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="MARGIN-TOP: 0px; WIDTH: 85px; HEIGHT: 2px; MARGIN-LEFT: 7px; LEFT: 0px">&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">2.2%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">0.4%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Distributed Products</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">3.7%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">2.4%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Recovery of inventory impairment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">58.9%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">3.5%</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">100.0%</FONT></P></DIV></TD></TR></TABLE></DIV></DIV>

<P style="TEXT-ALIGN: center">49</P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><EM></EM>

<A name="page_53"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Overall gross profit margins slightly increased from 12.5% in 2009 to 12.8% in 2010.&nbsp; Gross profit margins for Manufactured Products greatly increased from 5.4% in 2009 to 13.5% in 2010. Both CTW and PEWS all suffered setback in terms of losing gross margins when compared with that of last year&#8217;s due to pricing issues. Gross margin of power cable increased to 17.0% in 2010 from 8.4% in 2009.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Operating Profit</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">In addition to estimating an allowance for doubtful accounts based on historical sales and collection data, we perform a detailed review of our outstanding receivables, and make adjustments to our estimate to reflect significant delinquent accounts receivable.&nbsp; The Company is not aware of any significant delinquent accounts receivable that have not already been adequately reserved.&nbsp; In addition, our periodic allowance for doubtful accounts will continue to not have a material impact on our liquidity.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Other than allowance for doubtful accounts, overall SG&amp;A expenses increased by $4.7 million, as a portion of the corporate expenditure went to attending the road shows and investor relationship related activities in 2010. In addition, when business picks up, the headcount inevitably will increase, headcount number has increased by 102, up from 1,602 from beginning of 2010. Total SG&amp;A expenses, when compared with that of 2009, increased by 19.4%.&nbsp; Recovery for doubtful accounts in 2010 was amounted to $0.9 million, mostly relating to a trade receivable in Thailand as the repayment progress has exceeded management&#8217;s expectations.&nbsp; </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Accounts receivable, net of allowance for doubtful accounts, increased by $42.7 million from December 31, 2009 of $101.8 million to $144.5 million </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">as of December 31, 2010</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">.&nbsp; The increase in accounts receivable was attributable to more sales have been generated. The overall Day of Sales Outstanding stands at approximately 91 days, down from that of 2009 where the number showed 89 days to get the sales collected. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Exchange Gain/Loss</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The exchange rates at end of December 31, 2009 and 2010 are listed below, based on the Noon Buying Rate. However, they do not actually reflect the ongoing rates during the year when transactions actually took place.&nbsp; </FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="64%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">December 31,</FONT></B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2009&nbsp;</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">December 31,</FONT></B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="64%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Foreign currency to US$1:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="64%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Thai Baht</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">33.33</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="18%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">30.16</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="64%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Singapore $</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="18%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.29</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="64%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Australian $</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="18%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.00</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="64%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Chinese RMB</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.83</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="18%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.60</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Based on the above rates, the foreign currency transactions which took place in 2010 in all of all operating units reported a realized foreign exchange gains of $3.0 million.&nbsp; The realized exchange gains, mainly arising from Thailand operations, was due to 1) the appreciation of Thai Baht during 2010 and&nbsp;2) the early settlement of trust receipts denominated in Thai Baht, when the trust receipts were bought in at a lower exchange rate. </FONT></P></DIV>

<P style="TEXT-ALIGN: center">50</P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_54"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Impairment of Investment</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The impairment of investment in 2010 represents the impairment loss in TT&amp;T securities in Thailand, owned by Siam Pacific. In the past, the unrealized loss, net of tax, was reported in separate component of shareholders&#8217; equity. In 2010, the Company considered the continuing decrease in fair value was other-than-temporary and recognized such impairment loss in the </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">consolidated&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"> statements of operations. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Other Income</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Other income in 2010 decreased by $1.08 million, compared with that of 2009 at $2.1 million.&nbsp; The decrease in 2010 consisted of less scrap sales, and less dividend from other long-term investment when compared with that of 2009. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Income Taxes</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Income tax expense was $6.4 million in 2010 compared to $4.6 million in 2009. The fluctuation was mainly due to the net effect of the increase in pre-tax income and utilization of prior year tax losses.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.4&#8195;Liquidity and Capital Resources</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">As of December 31, 2011 we had $76.7 million in cash and cash equivalents, primarily in bank accounts and cash on hand, and none of which was in unrestricted or restricted short-term bank deposits.&nbsp; Our current sources of cash are our cash on hand, cash generated by our operations and our credit facilities.&nbsp; Our primary financing needs will continue to be available to purchase and replacement of property, plant and equipment and future acquisitions.&nbsp; </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We have no direct business operations other than our ownership of the capital stock of our subsidiaries and joint venture holdings.&nbsp; Consequently, our subsidiaries have been and will continue to be the primary source of funds generated by operations.&nbsp; Corporate needs are funded primarily through distributions from our subsidiaries.&nbsp; Although we have no current intention to pay dividends, we would rely upon distributions of dividends from our subsidiaries in order to do so.&nbsp; As noted in our risk factors, our operating subsidiaries and other holdings and investments, from time to time, may be subject to restrictions on their ability to make distributions to us.&nbsp; Such restrictions could result from restrictive covenants contained in our loan agreements, restrictions on the conversion of local currency earnings into U.S. dollars or other currency and other regulatory restrictions.&nbsp; For example, PRC legal restrictions permit payments of dividends by our business entities in the PRC only out of their retained earnings, if any, determined in accordance with relevant PRC accounting standards and regulations.&nbsp; Under PRC law, such entities are also required to set aside a portion of their net income each year to fund certain reserve funds.&nbsp; These reserves are not distributable as cash dividends.&nbsp; The foregoing restrictions may also affect our ability to fund operations of one subsidiary with dividends and other payments received from another subsidiary.&nbsp; We are not aware of any other restrictions in other countries in which we do business other than those discussed in the &#8220;Risk Factors&#8221; section.&nbsp; Distributions may also be restricted as the result of objections by minority shareholders of our subsidiaries and current cash requirements of the operating subsidiaries.&nbsp;Consequently, we periodically need to manage our corporate cash needs with the timing of distributions. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We maintain several working capital and overdraft credit facilities with various commercial bank groups and financial institutions.&nbsp; Under our line of credit arrangements for short-term debt with our banks, we may borrow up to approximately $316.4 million, including letters of credit for commodity purchases, on such terms as we and the banks mutually agreed upon.&nbsp; These arrangements do not have termination dates but are reviewed annually for renewal.&nbsp; As of December 31, 2011, the unused portion of the credit lines was approximately $224.6 million. Letters of credit are issued on our behalf in the ordinary course of business by our banks as required by certain supplier contracts.&nbsp; As of December 31, 2011, the Company had open letters of credit totaling $49.6 million.&nbsp; Liabilities relating to the letters of credit are included in current liabilities.&nbsp; There is no seasonality to the company&#8217;s borrowing, nor is there any restriction on the use of such borrowing. </FONT></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Net cash provided by operating activities in the fiscal year ended December 31, 2011 was $22.6 million, as compared to $2.6 million of net cash used by operating activities in the fiscal year ended December 31, 2010.&nbsp; Days of sales outstanding (&#8220;DSO&#8221;) is a measure of the average collection period of accounts receivable, and although the calculation is influenced by the period used and the timing of sales within that period, it can </FONT>provide insight into the variances in collections from period to period.&nbsp; Our days of sales outstanding as December 31, 2011 were 92 days, as compared to 102 days as of December 31, 2010.&nbsp; The improvement in DSO as of December 31, 2011 is due to re-enforcing collection efforts based on various company policies across the group. Also contributing to the net cash provided by operations in 2011 were two non-cash items 1) Impairment of goodwill of $8.8 million and 2) depreciation of $6.5 million, and one cash item: reduction in accounts receivable of $34.1 million. &nbsp;Net cash used in investing activities amounted $13.9 million, incurred for the purchase of machinery and equipment at APEC, CTW, and NPC sites of $8.9 million. Proceeds from financing activities amounted to $5.6 million, mostly from a loan to re-construct the NPC plant.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We engage in various transactions with PEWC, including the purchase of certain raw materials and the distribution of PEWC products mainly in Singapore.&nbsp; The Composite Services Agreement contains provisions that define our relationship and the conduct of our respective businesses and confers certain preferential benefits on us.&nbsp; Under the Composite Services Agreement, the material terms of which are summarized in the &#8220;Material Contracts&#8221; section, there are no obligations binding on the Company in favor of PEWC, nor are there any pre-established purchase commitments for copper.&nbsp; As such, the Composite Services Agreement should not impact cash flows or liquidity until such time as actual purchases are made in the ordinary course of business such as for the purchase of raw materials.&nbsp; The Composite Service Agreement may, however, impact operations to the extent that PEWC is not able to fulfill its obligations, such as supplying copper, and copper is not otherwise readily available on comparable terms from other market sources.&nbsp; Cash generated by operations and borrowings, when needed, from our credit facilities have been the primary sources of funding purchases under the Composite Services Agreement, and we believe these sources will continue to provide sufficient funds for future purchases under this agreement.&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">On December 1, 2011, the Company exited from a non-core business in Shandong Province, China with the sale for approximately $2.9 million of its 51% interest in SPFO, a fiber optic cable joint venture. The Company had previously invested a total of $2.5 million to start up and develop the business at SPFO. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 2pt 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We believe funds generated by our operating activities, our cash on hand and amounts available to us under our credit facilities will provide adequate cash to fund our requirements through at least the next twelve months.&nbsp; We continue to have sufficient liquidity to meet our anticipated working capital, capital expenditures, general corporate requirements, and other short-term and long-term obligations as they come due.&nbsp; We may further enhance our liquidity in the future, as needs arise, by establishing additional lines of credit, with the support of one or more of our principal shareholders if necessary and available.&nbsp; We currently anticipate that we will retain all of our earnings to fund our operations and do not anticipate paying any cash dividends in the foreseeable future.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.5&#8195;Research and Development</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><STRONG></STRONG>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company does not currently engage in its own research and development.&nbsp; Under the Composite Services Agreement with PEWC described herein, the Company benefits from research and development conducted by PEWC at little or no cost to the Company.&nbsp; Most recently, the Company utilized technology from its parent company, PEWC, to assist in developing the Company&#8217;s new business line of electronic wire being manufactured in NPC&#8217;s facility.&nbsp; Accordingly, the Company has not made material expenditures on or commitments to research and development since formation.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.6&#8195;Trend Information</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">We are not aware of any trend, commitment, event or uncertainty that can reasonably be expected to have a material effect on our current or future business other than the following, each of which has materially impacted our financial results in the past and may do so in the future:</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 12pt 56.15pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Uncertainty arising from the volatility in the cost of copper, our principal raw material.</FONT></I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&nbsp; In 2011, the copper prices have gone from $9,555 per metric ton in the beginning of the year to less than $7,600 per metric ton at end of year. This decrease caused the Company to provide more of its inventory impairment, which amounted $2 million in year 2011. The copper price however bounced back in the beginning of 2012 and reached over $8,400 per metric ton. Our impairment will be completely consumed if the price remains stable for first half year of 2012.</FONT></P></DIV>

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<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 12pt 56.15pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Fluctuations in the demand for our products in the markets in which we do business</FONT></I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">, based upon variations in the level of governmental and private investments in communications, power and industrial projects and programs that utilize our products.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">See &#8220;Quantitative and Qualitative Disclosures About Market Risk.&#8221;</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">5.7&#8195;Off-Balance Sheet Arrangements</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">There have been no off-Balance Sheet arrangements for the year ended December 31, 2011 and up to the date of this annual report.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">5.8&#8195;Contractual Obligations</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The following table sets forth our obligations and commitments to make future payments under contracts and other commitments as of December 31, 2011: </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="60%" colSpan=5>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Payments due by period</FONT></B></P></DIV></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Contractual obligations</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">(In thousands of US$)</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Total</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Less than 1 year</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">1-3 years</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">3-5 years</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">More than 5 years</FONT></B></P></DIV></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -7.1pt; MARGIN: 0cm 0pt 0pt 15.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Bank loans and overdrafts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$67,351</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$67,351</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">-</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -7.1pt; MARGIN: 0cm 0pt 0pt 15.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Capital lease obligations (principal amount only)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$1,135</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$882</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$253</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">-</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -7.1pt; MARGIN: 0cm 0cm 0pt 15.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Finance charges on capital lease obligations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$57</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">-</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -7.1pt; MARGIN: 0cm 0cm 0pt 15.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Operating lease obligations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$4,662</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$866</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$1,093</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$349</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$2,354</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -7.1pt; MARGIN: 0cm 0cm 0pt 15.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Capital commitment relating to installation of equipment and acquisition of machinery</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$1,000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$1,000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -7.1pt; MARGIN: 0cm 0cm 0pt 15.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Capital commitment relating to repair and maintenance consulting service</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$3,200</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$3,200</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-INDENT: -7.1pt; MARGIN: 0cm 0cm 0pt 15.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Purchase obligations for copper cathodes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$242,958</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$242,958</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">-</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="40%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$320,363</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$316,297</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$1,363</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$349</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <DIV style="BORDER-BOTTOM: windowtext 2.25pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$2,354</FONT></P></DIV></TD></TR>

<TR height=0>

   <TD width="40%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD>

   <TD width="12%"></TD>

   <TD width="12%">&nbsp;</TD>

   <TD width="12%">&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">For more details on financial commitments and contingencies, please refer to our audited consolidated financial statements and the notes thereto in Item 18:&nbsp; &#8220;Financial Statements.&#8221;</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 6:&#8195;Directors, Senior Management and Employees</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif">&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.1&#8195;Directors and Senior Management</FONT></B></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">There is only one class of directorships and no one or more directors possesses any veto power over matters presented to the Board or any other special or enhanced voting rights. The Bye-Laws provide that a quorum consists of a majority of the directors then in office.&nbsp; As of December 31, 2011, there were a total of 9 directors on the Board, including three independent directors, Mr. Anson Chan, &nbsp;Dr. Yichin Lee, and Dr. Lambert Ding.&nbsp; On October 7, 2011, at the Annual General Meeting, the shareholders passed a resolution whereby </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">the minimum number of directors be fixed at two (2), the maximum number of directors be fixed at ten (10) and that one (1) vacancy shall exist on the Board of Directors, which shall be deemed to be a casual vacancy, which may be filled from time to time by the Board of Directors in accordance with the provisions of the Bye-Laws. </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Each director is entitled to one vote, and approval of any matter requires a simple majority assuming a quorum is present. The following table sets forth certain information concerning the current directors and certain other officers of the Company.&nbsp; All directors are subject to annual election by the shareholders of the Company.&nbsp; Each of the directors was reelected at the Company&#8217;s annual general meeting of the shareholders held on October 7, 2011. Officers generally hold office for such period and upon such terms as the Board may determine.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">53</P>

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<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Name</FONT></I></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Date of Birth</FONT></I></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="50%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Position</FONT></I></B></P></DIV></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10.1pt; MARGIN: 0cm 0cm 0pt 10.1pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Appleby Services (Bermuda) Ltd.</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 1pt 0cm 4pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">N/A</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 1pt 0cm 4pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Assistant Resident Secretary</FONT></I></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Anson Chan</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 19.1pt; MARGIN: 0cm 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">November 3, 1963</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Independent director, Audit Committee Chairman</FONT></I></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Andy C.C. Cheng</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 19.1pt; MARGIN: 0cm 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">April 29, 1958</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Director and Non-Executive Chairman of the Board</FONT></I></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Fang Hsiung Cheng</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 19.1pt; MARGIN: 0cm 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">May 31, 1942</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Director</FONT></I></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Alex Erskine</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 19.1pt; MARGIN: 0cm 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">September 7, 1963</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Resident Secretary in Bermuda</FONT></I></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 1pt 0cm 4pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Daphne Hsu</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 19.1pt; MARGIN: 1pt 0cm 4pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">August 12, 1962</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 1pt 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Financial Controller</FONT></I></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Lambert L. Ding</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 19.1pt; MARGIN: 1pt 0cm 4pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">October 12, 1959 </FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Independent director, Audit Committee Member</FONT></I></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Michael C. Lee</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 19.1pt; MARGIN: 0cm 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">September 28, 1951</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Director</FONT></I></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Yichin Lee</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 19.1pt; MARGIN: 0cm 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">January 4, 1961</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="50%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Independent director, Audit Committee Member</FONT></I></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Ching Rong Shue</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 19.1pt; MARGIN: 0cm 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">March 4, 1950</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Director</FONT></I></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">David Sun</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 19.1pt; MARGIN: 0cm 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">December 22, 1953</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Director</FONT></I></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Yuan Chun Tang</FONT></I></P></TD>

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   <P style="TEXT-INDENT: 19.1pt; MARGIN: 0cm 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">November 26, 1960</FONT></I></P></TD>

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   <P style="TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Director, Chief Executive Officer</FONT></I></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10.1pt; MARGIN: 1pt 0cm 0pt 10.1pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Carson Tien</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 19.1pt; MARGIN: 1pt 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">May 16, 1945</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 12pt; MARGIN: 1pt 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Chief Operating Officer</FONT></I></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Frank Tseng</FONT></I></P></TD>

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   <P style="TEXT-INDENT: 19.1pt; MARGIN: 0cm 0cm 0pt 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">March 17, 1957</FONT></I></P></TD>

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   <P style="TEXT-INDENT: 12pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Chief Financial Officer; Non-Resident Secretary</FONT></I></P></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Certain officers and directors of the Company are or were also officers and directors of PEWC and/or PEWC affiliates, as described below.&nbsp; A brief professional summary for each member of the Board of Directors and senior management is as follows:</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Mr. Anson Chan has been an independent member of the Company&#8217;s Board of Directors and a member and Chairman of the Audit Committee and compensation committee since 2007.&nbsp; Mr. Chan is also a Managing Director of the Bonds Group of Companies and was a Senior Advisor to Elliott Associates from 2005 to 2008.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Mr. Andy C.C. Cheng was a member of the Company&#8217;s Board of Directors from 2004 to 2005 and was re-elected in 2007.&nbsp; Mr. Cheng was appointed as Chairman of the Board in 2009.&nbsp; From 1987 to 2003, Mr. Cheng served as Vice President in charge of procurement at PEWC.&nbsp; Mr. Cheng has been an Executive Vice President at PEWC since 2004 and Chairman of each of the investment divisions of PEWC, Tai Ho Investment Co., Ltd. and You Chi Investment Co., Ltd., since June 2008.&nbsp; Mr. Andy C.C. Cheng is not related to Mr. Fang Hsiung Cheng.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Mr. Fang Hsiung Cheng has been a member of the Company&#8217;s Board of Directors since 2006.&nbsp; He also serves as Assistant Vice President of PEWC.&nbsp; Mr. Fang Hsiung Cheng is not related to Mr. Andy C.C. Cheng.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Mr. Alex Erskine was appointed as resident Secretary in Bermuda in October 2008.&nbsp; Mr. Erskine is a partner in the Bermuda law firm of Appleby, where he is the local team leader of the funds and investment servi</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">ces practice group, which group he joined in 1999.&nbsp; From March 2007 until October 2008, Mr. Erskine was the managing partner of the British Virgin Islands office of Appleby.&nbsp; Prior to joining Appleby, Mr. Erskine was Deputy Legal and Compliance Director of the Asset Management Division of UBS AG.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Ms. Daphne Hsu has been Financial Controller of the Company since March 2005, prior to which she served as Financial Controller for ten years in Taiwan and China at a Thomson SA joint venture.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Dr. Lambert Ding was appointed March 17, 2011 as an independent member of the Board of Directors. Dr. Ding is the president and CEO of Union Environmental Engineering Services and before that, he was an associate professor at Yuan Ze University.</FONT><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=blue face="Times New Roman"> </FONT></U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Dr. Ding holds a Doctor of Philosophy degree from the University of Southern California, awarded in 1989. He is also a Registered Environment Assessor and holds several patents. Dr. Ding serves as a member of the audit committee and compensation committee.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Mr. Michael C. Lee has been a member of the Company&#8217;s Board of Directors since 2004 and is also Chief Executive Officer of PEWC and Chairman of Pacific USA Holdings, Ltd.&nbsp; Mr. Michael C. Lee is not related to Dr. Yichin Lee.</FONT></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Dr. Yichin Lee has been an independent member of the Company&#8217;s Board of Directors and served on the Audit Committee since 2007. He is also a member of the compensation committee.&nbsp; Dr. Lee is the Managing Director of FCC partners, Inc. and CEO of Giga Media Limited.&nbsp; Dr. Yichin Lee holds a doctorate degree in Resource Planning and Management from Stanford University.&nbsp; Dr. Yichin Lee is not related to Mr. Michael C. Lee.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Mr. Ching Rong Shue has been a member of the Company&#8217;s Board of Directors since 2006.&nbsp; He also serves as Vice President of PEWC. </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Mr. David Sun has been a member of the Company&#8217;s Board of Directors since 2007.&nbsp; He also serves as President of PEWC and Managing Director of Charoong Thai Wire and Cable Public Company Limited. </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Mr. Yuan Chun Tang has been a member of the Company&#8217;s Board of Directors since 2004 and Chief Executive Officer since 2005.&nbsp; Mr. Yuan served as the Company&#8217;s Chairman from 2005 to 2009.&nbsp; He has also served as Chairman of PEWC since 2004 and has been the Director of Pacific Construction Corp. Ltd since 2002.&nbsp; Mr. Yuan served as the Director of Taiwan Co-generation Corp from 2005 to 2008.&nbsp; Mr. Yuan has also been the Chairman of Taiwan Electric Wire &amp; Cable Industries Association since 2004.&nbsp; He has served as the Supervisor to Taipei Importers/Exporters Association as well as the Director of Chinese National Federation of Industries in Taiwan since 1998 and 2004, respectively.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Mr. Carson Tien has been with PEWC or one of its affiliates such as APWC for his entire career.&nbsp; He started out as engineer in PEWC&#8217;s Tao Yuan, Taiwan plant in 1969 and later was promoted to plant manager in 1977.&nbsp; In 1990 Carson again was promoted to Assistant VP responsible for Engineering and Manufacturing in PEWC.&nbsp; He then in 1996 was transferred from PEWC to APWC to head the Shenzhen, China plant as President of PEWS.&nbsp; In 2005, he was appointed as Chief Operating Officer at APWC headquarters.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Mr. Frank Tseng was appointed as Chief Financial Officer and Non-Resident Company Secretary effective October 22, 2009.&nbsp; Mr. Tseng previously served as the Deputy CFO for ABB Taiwan.&nbsp; Prior to that, he served as the Financial Controller of the Asia Pacific region of Phoenix Technologies Co., a NASDAQ-listed California Silicon Valley-based high-tech company.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On March 15, 2011, Mr. Gai Po Lee resigned from the Board of Directors from the Board of Directors.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company&#8217;s Common Shares are traded on NASDAQ.&nbsp; Notwithstanding that, the Board of Directors is not composed of a majority of independent directors.&nbsp; The Company is relying upon the &#8220;controlled com</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">pany exemption&#8221; that is available to issuers under the rules of NASDAQ.&nbsp; In effect, the &#8220;controlled company exemption&#8221; provides that an issuer is not required to have its Board of Directors consist of a majority of independent directors if a shareholder, or two or more shareholders who constitute a group, have beneficial ownership of more than 50% of the issued and outstanding voting securities of the issuer.&nbsp; PEWC owns and controls, directly or indirectly, 65.6% of the issued and outstanding Common Shares of the Company.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">No service contract exists between any director and the Company or any of its subsidiaries providing for benefits upon termination of employment.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company has no arrangements or understandings with any major shareholders, customers, suppliers or others, pursuant to which any person referred to above was selected as a director or member of senior management.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif">&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.2&#8195;Audit Committee</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Audit Committee of the Board of Directors primarily functions to assist the Board in its oversight of: (i) the reliability and integrity of accounting policies and financial reporting and disclosure practices and (ii) the establishment and maintenance of processes to ensure that there is compliance with all applicable laws, regulations and company policy and an adequate system of internal control, management of business risks and safeguard of assets.</FONT></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Audit Committee is composed of Mr. Anson Chan, Dr. Yichin Lee and Dr. Lambert Ding, with Mr. Chan serving as the chairman of the Audit Committee.&nbsp; </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Audit Committee, as currently constituted, complies with the requirements of Regulation 10A-3 of the Exchange Act and the corporate governance requirements of NASDAQ.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif">&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.3&#8195;Compensation Committee</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On June 13, 2008, the Board authorized the formation of a Compensation Committee to assist the Company in determining the compensation to be paid to the executive directors of the Company.&nbsp; According to the terms of reference under which it operates, the Compensation Committee is authorized to:&nbsp; (i) review and recommend to the Board, or determine, the annual salary, bonus, stock options, and other benefits, direct and indirect, of the senior management of the Company and its principal operating subsidiaries; (ii) review new executive compensation programs, review on a periodic basis the operations of the Company&#8217;s executive compensation programs to determine whether they are properly coordinated, establish and periodically review policies for the administration of executive compensation programs, and take steps to modify any executive compensation programs that yield payments and benefits that are not reasonably related to executive performance; (iii) engage outside auditors and consultants to advise on market compensation; and (iv) establish and periodically review policies in the area of management perquisites.&nbsp; </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Compensation Committee is comprised of three independent directors, Mr. Anson Chan, Dr. Yichin Lee, and Dr. Lambert Ding</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">. Mr. Yuan Chun Tang, the Company&#8217;s Chief Executive Officer, serves in a non-voting advisory capacity to the Compensation Committee.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.4&#8195;Compensation</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The aggregate amount of compensation paid by the Company to all of the Company&#8217;s directors and executive officers, as a group, for services in all capacities during 2011 was approximately $1.70 million.&nbsp; As of</FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">March 31, 2012, our directors and executive officers beneficially owned approximately 50,000 Common Shares representing approximately</FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.4% of the issued and outstanding Common Shares.&nbsp; The annual compensation of its executive officers and directors on an individual basis is not a disclosure item under the laws of Bermuda or Taiwan.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The fee payable to independent directors is $20,000 per year and the fee payable to directors who are executive officers of the Company or PEWC is $10,000 per year, together with, in each case, reimbursement of reasonable travel expenses for attendance of meetings of the Board of Directors.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">No funds or provisions have been set aside to directors or management except for government mandated programs.&nbsp; </FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif">&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.5&#8195;Employees&nbsp;</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company employed a total of 1,369 employees as of December 31, 2011 (the headcount number of SPFO is excluded as it was disposed of in December 2011), of which about 18.2% were administrative and management personnel.&nbsp; Approximately 49% of employees were located in Thailand, 36% in China, 9% in Singapore and 4.8% in Australia.&nbsp; Production workers are usually organized into two 12-hour shifts or three 8-hour shifts to allow continuous factory operations.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company offers a range of employee benefits, which it believes are comparable to industry practice in its local markets.&nbsp; Such benefits include performance-based pay incentives, medical benefits, vacation, pension, housing for a small number of workers in Singapore and in Thailand, and a small housing supplement to other workers.&nbsp; The Company also provides training programs for its personnel designed to improve worker productivity and occupational safety.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Presently, there is no group bonus, profit-sharing or stock option plan.&nbsp; However, some of the Company&#8217;s subsidiaries have bonus or profit-sharing plans based on individual performance and the profitability of the&nbsp;</FONT></P>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">particular subsidiary for the fiscal year, which plans are generally in accordance with the industry practice and market conditions in the respective countries.</FONT></DIV>

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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company has several defined benefit and defined contribution plans covering its employees in Thailand, Australia, the PRC and Singapore.&nbsp; Contributions to the plans are made on an annual basis and totaled $1.1 million in 2011.&nbsp; Additionally, the Company has several defined benefit plans in accordance with Thailand labor law.&nbsp; In its Thai subsidiaries, the Company must pay a retiring employee from one to ten times such employee&#8217;s salary rate during his or her final month, depending on the length of service.&nbsp; During 2011, the Company&#8217;s total expenses under this labor law were $0.3 million.&nbsp; These plans are not funded and the amount is recognized and included in Other Current Liabilities in the Company&#8217;s balance sheet.&nbsp; The Company settles it obligations as and when employees retire.&nbsp; The accumulated benefit obligations under this plan amounted to $2.9 million as at December 31, 2011.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Approximately 27% of the employees of Sigma Cable are members of the United Workers of Electronics &amp; Electrical Industries, an employees&#8217; union in Singapore.&nbsp; Under the terms of a collective agreement signed in June 2003, the Company is required to negotiate salary and wage increases yearly.&nbsp; All other worker benefits and employment terms are included in the collective agreement.&nbsp; The Company believes that approximately 100% and 99% of the employees of PEWS and Shanghai Yayang, respectively, are members of their respective Company Workers&#8217; Unions.&nbsp; These unions generally operate in accordance with related labor regulations in China.&nbsp; Approximately 15% of the employees of APEC are members of the Australian Workers&#8217; Union.&nbsp; None of the employees of the other operating subsidiaries of the Company are members of a union.</FONT><B><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> &nbsp;</FONT></I></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company has never experienced a strike or other disruption due to labor disputes.&nbsp; The Company considers its employee relations to be satisfactory and has not experienced difficulties attracting and retaining qualified employees.&nbsp; In Singapore, employee turnover is approximately 27% of total employees annually.&nbsp; In Thailand, employee turnover is approximately 8.7% of total employees annually.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 7:&#8195;Major Shareholders and Related Party Transactions</FONT></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif">&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.1&#8195;Major Shareholders</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On March 27, 2009, PEWC acquired 1,410,739 Common Shares of the Company from SOF, which amount represented 51% of the Common Shares then held by SOF. Following that transaction, PEWC and SOF held 65.6% and 9.8% of the issued and outstanding Common Shares of the Company, respectively.&nbsp; As of July 1, 2011, SOF transferred and conveyed its ownership interest in the 1,355,415 Common Shares held by it to COF.&nbsp; The remaining 24.6% of the issues and outstanding Common Shares are publicly traded in the U.S. on the NASDAQ Capital Markets tier.&nbsp; </FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The following table sets forth certain information regarding beneficial ownership of the Company&#8217;s Common Shares as of March 31, 2012 by (i) all persons who are known to the Company to own beneficially more than five percent of the Common Shares of the Company and (ii) the officers and directors of the Company as a group.&nbsp; The information set forth in the following table is derived from public filings made by holders and information obtained from directors and officers.&nbsp; The voting rights attaching to the Common Shares below are the same as those attaching to all other Common Shares. </FONT></P>

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   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Identity of Person or Group</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="25%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Number of</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Shares&nbsp;</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="25%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="PAGE-BREAK-AFTER: avoid; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Percent of Class</FONT></B></P></DIV></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Pacific Electric Wire &amp; Cable Co., Ltd.<SUP> </SUP></FONT><SUP><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(1)</FONT></SUP></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">9,075,354</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">65.617%</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="50%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman">MSD Credit Opportunity Master Fund, L.P. </FONT><SUP><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(2)</FONT></SUP></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">1,355,415</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">9.800%</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="50%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Directors and Officers of the Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="25%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">50,000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">0.362%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(1) PEWC owns 1,410,739 shares directly and owns its remaining shares indirectly, as a result of PEWC&#8217;s control of its direct wholly&#8209;owned subsidiary, Moon View Ventures Limited, a BVI company, which beneficially owns 7,307,948 Common Shares, and as a result of PEWC&#8217;s control of its indirect wholly&#8209;owned subsidiary, Pacific Holdings Group, a Nevada corporation, which beneficially owns 356,667 Common Shares.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">57</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name=page_61></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(2)&nbsp; MSD Credit Opportunity Master Fund, L.P. is the
record and direct beneficial owner of the securities.&nbsp; MSDC Management,
L.P. is the investment manager of, and may be deemed to have or share voting and
dispositive power over, and/or beneficially own securities owned by, MSD Credit
Opportunity Master Fund.&nbsp; MSDC Management (GP), LLC is the general partner
of, and may be deemed to have or share voting and dispositive power over, and/or
beneficially own securities owned by, MSDC Management, L.P.&nbsp; Each of Glenn
R. Fuhrman, John C. Phelan and Marc R. Lisker is a manager of MSDC Management
(GP) and may be deemed to have or share voting and/or dispositive power over,
and beneficially own, the common shares beneficially owned by MSDC
Management.&nbsp; Each of Mr. Fuhrman, Mr. Phelan and Mr. Lisker disclaim
beneficial ownership of such common shares, except to the extent of the
pecuniary interest of such person in such shares.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The
Company has 6,166,154 Common Shares that are registered securities, of which
3,400,000 Common Shares are publicly-traded on the </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">NASDAQ Capital
Markets tier</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">, which represents 24.6% of the issued and outstanding
Common Shares.&nbsp; The remaining registered securities, 2,766,154 Common
Shares, are held by PEWC and COF, and are subject to trading restrictions under
Rule 144 promulgated under the Securities Act.&nbsp; Other than the
approximately 50,000 Common Shares held by directors or officers who are not
resident in the United States and the 1,410,739 registered securities held
indirectly by PEWC, the Company believes that substantially all of its
registered securities are held by U.S. residents.&nbsp; The Company has no means
to definitively confirm that belief, however, which is based upon a review of
the share registers maintained by the Company&#8217;s Bermuda transfer agent and U.S.
transfer agent and the addresses provided by the record holders.&nbsp; Based
upon a review of the records of the Company&#8217;s U.S. transfer agent, including a
list of non-objecting beneficial holders (&#8220;NOBOs&#8221;), the Company believes there
are substantially more than 400 beneficial holders that are resident in the
United States, although that constitutes only the Company&#8217;s best estimate of the
number of U.S. beneficial holders.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif">&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.2&#8195;Related Party
Transactions</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The
Company incurs ordinary course trade payables with PEWC in connection with
copper purchases under the Composite Services Agreement and the sale by the
Company of Distributed Products on behalf of PEWC.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">As of
December 31, 2011 and the latest practicable date, the Company, including its
subsidiaries, had a net principal balance outstanding of $10.4 million borrowed
from subsidiaries of PEWC. This short-term indebtedness is payable on a demand
basis and does not accrue interest.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The
Company used the proceeds from each of the related party loans described above
for working capital and purchases of capital equipment. </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The terms of
borrowing by APWC or any of its subsidiaries from PEWC are on terms at least no
less favorable than terms available in arms-length transactions with
unaffiliated parties.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Other
than the Amended and Restated Shareholders Agreement, the Company is not a party
to any agreements, and has not engaged in any other transactions, with COF or
SOF, or to the Company&#8217;s knowledge, their owners.&nbsp; For a more detailed
description of the Company&#8217;s obligations under the Shareholders Agreement, see
the risk factor entitled &#8220;</FONT><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Obligations under Amended and Restated
Shareholders Agreement</FONT></U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">.&#8221;&nbsp;</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Under
the terms of the Composite Services Agreement, APWC pays a management fee to
PEWC in connection with the secondment, or temporary assignment and relocation,
of certain PEWC managers to APWC facilities in Shenzhen and Thailand.&nbsp; The
assigned managers assist APWC in implementing the results of certain research
and development conducted by PEWC and made available by PEWC to the Company
under the terms of the Composite Services Agreement.&nbsp; The assigned managers
also assist APWC in the procurement of raw materials, primarily copper, which is
also provided for under the Composite Services Agreement.&nbsp; The amount of
such annual management fee was $239,000 as of December 31, 2011.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Additional details regarding related party balances as of
December 31, 2011 and related party transactions, including copper purchases
from PEWC, are disclosed in Note 17 of our audited consolidated financial
statements in Item 18:&nbsp; Financial Statements.&nbsp; </FONT></P></DIV>
<P style="TEXT-ALIGN: center">58</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_62></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">There
have been no other related party transactions or contracts entered into between
PEWC and APWC in 2011.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 8:&#8195;Financial
Information</FONT></B></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">8.1&#8195;Legal
Proceedings</FONT></B></P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">There
are currently no material proceedings in which any director, senior manager, or
affiliate is adverse to the Company or has an adverse material interest.&nbsp;
There are no legal proceedings to which the Company is a party which may have,
or have had in the recent past, significant effects on the Company&#8217;s financial
position or profitability.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">8.2&#8195;Dividend
Policy</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">To date, the
Company, a Bermuda company formed in 1996, has not paid any dividends.&nbsp;
While the Company has no present intention to pay dividends, should it decide in
the future to do so, as a holding company the Company&#8217;s ability to pay
dividends, as well as to meet its other obligations, will depend upon the amount
of distributions, if any, received from the Company&#8217;s operating subsidiaries and
other holdings and investments.&nbsp; The Company&#8217;s operating subsidiaries and
other holdings and investments, from time to time, may be subject to
restrictions on their ability to make distributions to the Company. Those
restrictions may also affect the Company&#8217;s ability to fund operations of one
subsidiary with dividends and other payments received from another
subsidiary.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8195;8.3&#8195;Significant
Changes</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">There have been no
material or significant changes in the Company&#8217;s affairs since the end of the
fiscal year ended December 31, 2011 that have not been described
herein.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 9:&#8195;The Offer
and Listing</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif">&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">9.1&#8195;Historical
Trading Information</FONT></B></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The high and low
market prices for Common Shares on the Pink Sheets (from January 2007 until
April 2008), and on the over-the-counter bulletin board (the&nbsp; &#8220;OTC BB&#8221;)
(from April 2008 until April 2011), and on the NASDAQ since April 29, 2011, for
each period specified are as follows:</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%" colSpan=2>
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Price per Share ($)</FONT></B></P></DIV></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">
      <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">High</FONT></B></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Low</FONT></B></P></DIV></TD></TR>
  <TR>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 10pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Five most recent full financial
      years:</FONT></B></P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2007</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.19</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.50</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2008</FONT></P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.45</FONT></P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.80</FONT></P></TD></TR>
  <TR height=20>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2009</FONT></P></FONT></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.39</FONT></P></FONT></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">0.50</FONT></P></FONT></TD></TR>
  <TR height=20>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2010</FONT></P></FONT></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.85</FONT></P></FONT></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.20</FONT></P></FONT></TD></TR>
  <TR height=20>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2011</FONT></P></FONT></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.05</FONT></P></FONT></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.92</FONT></P></FONT></TD></TR>
  <TR>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 10pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 10pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Two most recent full financial
      years:</FONT></B></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 10pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">First Quarter</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.00</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.20</FONT></P></TD></TR>
  <TR height=20>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Second quarter</FONT></P></FONT></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.40</FONT></P></FONT></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.46</FONT></P></FONT></TD></TR>
  <TR height=20>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Third quarter</FONT></P></FONT></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.25</FONT></P></FONT></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.94</FONT></P></FONT></TD></TR>
  <TR height=20>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Fourth quarter</FONT></P></FONT></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.85</FONT></P></FONT></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.70</FONT></P></FONT></TD></TR>
  <TR height=20>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm 0cm 0pt 7.95pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2011</FONT></B></P></FONT></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></P></TD></TR>
  <TR height=20>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">First quarter</FONT></P></FONT></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">7.05</FONT></P></FONT></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.50</FONT></P></FONT></TD></TR>
  <TR height=20>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Second quarter</FONT></P></FONT></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">6.85</FONT></P></FONT></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.50</FONT></P></FONT></TD></TR>
  <TR height=20>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Third quarter</FONT></P></FONT></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.98</FONT></P></FONT></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.62</FONT></P></FONT></TD></TR>
  <TR>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Fourth quarter</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.30</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.92</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 10pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Most recent six
months:</FONT></B></P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR height=20>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">October
      2011</FONT></P></FONT></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.30</FONT></P></FONT></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.92</FONT></P></FONT></TD></TR>
  <TR>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">November 2011</FONT></P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.25</FONT></P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.60</FONT></P></TD></TR>
  <TR>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">December 2011</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.05</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.54</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">January 2012</FONT></P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.99</FONT></P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.85</FONT></P></TD></TR>
  <TR>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">February 2012</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.55</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.47</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="70%">
      <P style="MARGIN: 0cm 0cm 0pt 20pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">March 2012</FONT></P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.60</FONT></P></TD>
    <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.97</FONT></P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">59</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_63></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center></DIV>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">9.2&#8195;Markets</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company&#8217;s Common
Shares have been listed on NASDAQ Capital Markets tier since April 2011 under
the symbol &#8220;APWC&#8221;.&nbsp; Prior to that, the Company was listed on the OTC BB
since April 2008 under the symbol &#8220;AWRCF,&#8221; immediately prior to which the Common
Shares were traded on the Pink Sheets.&nbsp; See the risk factor entitled
&#8220;</FONT><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Potential Illiquidity of Common Shares</FONT></U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">.&#8221;&nbsp; The Common
Shares are not listed on any other exchanges or otherwise publicly traded within
or outside the United States</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.1&#8195;Share Capital</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">As of
December 31, 2011 and as of the date of the filing of this Annual Report, the
Company has an authorized share capital of 50,000,000 Common Shares, par value
$0.01 per share, and there were and are 13,830,769 Common Shares issued and
outstanding.&nbsp; No capital of the Company is under option or agreed
conditionally or unconditionally to be put under option.&nbsp; The Company does
not have any classes of capital stock other than its Common Shares.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">10.2&#8195;Memorandum of
Association and Bye-Laws</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 36pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 36pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.1&nbsp;&nbsp; General</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">For a detailed
description of the Company&#8217;s principal activities, see Section 4.1:&nbsp;
&#8220;History and Development of the Business.&#8221; Pursuant to the Company&#8217;s Bye-Laws
the Board of Directors consists of a single class of directors, each director
has one vote on all matters put to the Board, and a quorum consists of a
majority of the members of the Board of Directors then in office. The Company&#8217;s
Bye-Laws were amended on October 7, 2011 to allow the </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Company
to purchase its own shares for cancellation or acquire them to be held as
treasury shares</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">.&nbsp; Such amended Bye-Laws are filed herein as Exhibit
1.2.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 36pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 36pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.2&nbsp;&nbsp; Description of Shareholder Rights
Attaching to Our Common Shares</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company was
incorporated in Bermuda on September 19, 1996 under the Companies Act.&nbsp; The
rights of our shareholders are governed by Bermuda law and our memorandum of
association and Bye-Laws.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The following
discussion of our Common Shares and the laws governing the rights of our
shareholders is based upon the advice of Appleby (Bermuda) Limited, our Bermuda
counsel.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our authorized share
capital as of December 31, 2011 was $500,000 consisting of 50,000,000 Common
Shares, par value $0.01 per share, of which, as of December 31, 2011 and as of
the date of the filing of this Annual Report, there were and are 13,830,769
Common Shares issued and outstanding.</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; Holders of the Common Shares
have no preemptive, redemption, conversion or sinking fund rights.</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; Holders of the Common Shares
are entitled to one vote per share on all matters submitted to a poll vote of
holders of Common Shares and do not have any cumulative voting
rights.</FONT></P></DIV>
<P style="TEXT-ALIGN: center">60</P>
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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; In the event of our
liquidation, dissolution or winding-up and subject to any alternative resolution
that may be pursued by our shareholders, the holders of Common Shares are
entitled to share ratably in our assets, if any, remaining after the payment of
all our debts and liabilities.</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; Our outstanding Common Shares
are fully paid and non-assessable.</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; Additional authorized but
unissued Common Shares may be issued by the Board without the approval of the
shareholders.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The holders of
Common Shares will receive such dividends, if any, as may be declared by the
Board of Directors out of funds legally available for such purposes.&nbsp; We
may not declare or pay a dividend, or make a distribution out of contributed
surplus, if there are reasonable grounds for believing that:</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; we are, or after the payment
would be, unable to pay our liabilities as they become due; or</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; the realizable value of our
assets after such payment or distribution would be less than the aggregate
amount of our liabilities and our issued share capital and share premium
accounts.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The following is a
summary of provisions of Bermuda law and our organizational documents, including
our memorandum of association and Bye-Laws.&nbsp; We refer you to our memorandum
of association, a copy of which has been filed with the SEC and our Bye-Laws, a
copy of which is filed herein.&nbsp; You are urged to read these documents in
their entirety for a complete understanding of the terms thereof.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share
Capital</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our authorized
capital consists of one class of Common Shares.&nbsp; Under our Bye-Laws, our
Board of Directors has the power to issue any authorized and unissued shares on
such terms and conditions as it may determine.&nbsp; Any shares or class of
shares may be issued with such preferred, deferred, qualified or other special
rights or any restrictions with regard to such matters, whether in regard to
dividend, voting, return of capital or otherwise, as we may from time to time by
resolution of the shareholders prescribe, or in the absence of such shareholder
direction, as the Board of Directors may determine.&nbsp; This provision in the
Bye-Laws could be used to prevent a takeover attempt, or to make a takeover
attempt prohibitively expensive, and thereby preclude shareholders from
realizing a potential premium over the market value of their shares.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Voting
Rights</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Generally, under
Bermuda law and our Bye-Laws, questions brought before a general meeting are
decided by a simple majority vote of shareholders present or represented by
proxy, with no provision for cumulative voting.&nbsp; Matters will be decided by
way of votes cast by way of show of hands unless a poll is demanded.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">If a poll is
demanded, each shareholder who is entitled to vote and who is present in person
or by proxy has one vote for each Common Share entitled to vote on such
question.&nbsp; A poll may only be demanded under the Bye-Laws by:</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; the chairman of the
meeting;</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; at least three shareholders
present in person or represented by proxy;</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; any shareholder or shareholders
present in person or represented by proxy and holding between them not less than
one-tenth of the total voting rights of all shareholders having voting rights;
or</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; a shareholder or shareholders
present in person or represented by proxy holding Common Shares conferring the
right to vote on which an aggregate sum has been paid up equal to not less than
one-tenth of the total sum paid up on all Common Shares.</FONT></P></DIV>
<P style="TEXT-ALIGN: center">61</P>
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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Unless the Board of
Directors otherwise determines, no shareholder shall be entitled to vote at any
general meeting unless all calls or other sums presently payable by that
shareholder in respect of all shares held by such shareholder have been
paid.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend
Rights</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under Bermuda law, a
company may declare and pay dividends unless there are reasonable grounds for
believing that the company is, or would, after the payment, be unable to pay its
liabilities as they become due or that the realizable value of the company&#8217;s
assets would thereby be less than the aggregate of its liabilities and issued
share capital and share premium accounts.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under our Bye-Laws,
the Board may from time to time declare dividends or distributions out of
contributed surplus to be paid to the shareholders according to their rights and
interests.&nbsp; With the sanction of a shareholders resolution, the Board of
Directors may determine that any dividend may be paid by distribution of
specific assets, including paid-up shares or debentures of any other
company.&nbsp; The Board of Directors may also pay any fixed cash dividend which
is payable on any of our Common Shares half-yearly or on other dates, whenever
our position, in the opinion of the Board of Directors, justifies such
payment.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Dividends, if any,
on our Common Shares will be at the discretion of our Board of Directors, and
will depend on our future operations and earnings, capital requirements, surplus
and general financial condition as our Board of Directors may deem
relevant.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases by the
Company of its own Common Shares</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under Bermuda law
and as authorized by the Company&#8217;s memorandum of association, we may purchase
our own Common Shares out of the capital paid up on the Common Shares in
question or out of funds that would otherwise be available for dividend or
distribution or out of the proceeds of a fresh issue of Common Shares made for
the purposes of the purchase.&nbsp; We may not purchase our shares if, on the
date on which the purchase is to be effected, there are reasonable grounds for
believing that the Company is, or after the purchase would be, unable to pay its
liabilities as they become due.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">However, to the
extent that any premium is payable on the purchase, the premium must be provided
out of the funds of the Company that would otherwise be available for dividend
or distribution or out of the Company&#8217;s share premium account.&nbsp; Any Common
Shares purchased by the Company are treated as cancelled and the amount of the
Company&#8217;s issued capital is diminished by the nominal value of the shares
acco</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">rdingly but shall not be taken as reducing the amount of
the Company&#8217;s authorized share capital.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preemptive
Rights</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our Bye-Laws
generally do not provide the holders of our Common Shares preemptive rights in
relation to any issues of Common Shares by us or any transfer of our
shares.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">However, the Company
has in the Shareholders Agreement granted to COF preemptive rights in the event
of any issuance of additional equity securities (or securities convertible into
or exchangeable for equity securities) by the Company, such that COF may
subscribe for additional securities in order to maintain its then percentage
ownership interest in the issued and outstanding equity securities of the
Company.&nbsp; See the risk factor entitled &#8220;</FONT><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Obligations under
the Amended and Restated Shareholders Agreement</FONT></U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">.&#8221;&nbsp;</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variation of
Rights</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">We may issue more
than one class of shares and more than one series of shares in each class.&nbsp;
The rights attached to any class of shares may be altered or abrogated
either:</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; with the consent in writing of
the holders of more than fifty percent of the issued shares of that class;
or</FONT></P></DIV>
<P style="TEXT-ALIGN: center">62</P>
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<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; pursuant to a resolution of the
holders of such shares.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Bye-Laws provide
that the necessary quorum shall be two or more persons present in person or by
proxy holding shares of the relevant class.&nbsp; The Bye-Laws specify that the
creation or issuance of shares ranking pari passu with existing shares will not,
subject to any statement to the contrary in the terms of issuance of those
shares or rights attached to those shares, vary the special rights attached to
existing shares.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer of Common
Shares</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Subject to the
&#8220;Transfer Restrictions&#8221; section below, a shareholder may transfer title to all
or any of his shares by completing an instrument of transfer in the usual common
form or in such other form as the Board of Directors may approve.&nbsp; The form
of transfer is required to be signed by or on behalf of the transferor and also
the transferee where any share is not fully paid.&nbsp; The transferor shall be
deemed to remain the holder of the shares until the name of the transferee is
entered in the Register of Members.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.10&nbsp;&nbsp;&nbsp; Transfer
Restrictions</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Board of
Directors may, in its absolute discretion and without assigning any reason
therefore, decline to register any transfer of any share which is not a fully
paid share.&nbsp; The Board of Directors may also refuse to register an
instrument of transfer of a share unless the instrument of transfer:</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; is duly stamped, if required by
law, and lodged with us;</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; is accompanied by the relevant
share certificate and such other evidence of the transferor&#8217;s right to make the
transfer as the Board of Directors shall reasonably require;</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; is in respect of one class of
shares; and</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; has obtained, where applicable,
permission of the Bermuda Monetary Authority.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our Common Shares
are traded on the </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">NASDAQ&nbsp;</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> Stock Market, Inc. as of April 2011, which
qualifies as an &#8220;appointed stock exchange&#8221; for purposes of the Companies Act and
the Bermuda Exchange Control Act and regulations made thereunder, in particular
a notice to the public dated 1 June 2005. Accordingly, our Common Shares benefit
from a general permission for free transferability for all transfers between
persons who are not resident in Bermuda for exchange control purposes, for as
long as such Common Shares remain listed on an appointed stock exchange.&nbsp;
</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company, PEWC
and COF (as successor-in-interest to SOF), are parties to the Amended and
Restated Shareholders Agreement which provides, among other things, for certain
transfer restrictions, notice requirements and tag-along rights in the event
PEWC wishes to transfer any of its Common Shares in certain types of
transactions.&nbsp; Under the Amended and Restated Shareholders Agreement, the
Company was granted an extension until February 2011 to achieve a listing of the
Common Shares on a national Securities Market.&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Due to
market conditions, the Company&#8217;s price per Common Share has not yet risen to the
level necessary for a listing on NASDAQ (Global).&nbsp; Accordingly, COF
retains</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
its right to sell its remaining Common Shares to PEWC </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">under
the put option provided in the Amended and Restated Shareholders
Agreement.&nbsp; </FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.11&nbsp;&nbsp;&nbsp; Transmission of
Shares</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In the event of the
death of a shareholder, the survivor or survivors, where the deceased
shareholder was a joint holder, and the estate representative, where the
deceased shareholder was sole holder, shall be the only persons recognized by us
as having any title to the shares of the deceased.&nbsp; &#8220;Estate representative&#8221;
means the person to whom probate or letters of administration has or have been
granted in Bermuda, or failing any such person, such other person as the Board
of Directors may in its absolute discretion determine to be the person
recognized by us for this purpose.</FONT></P></DIV>
<P style="TEXT-ALIGN: center">63</P>
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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.12&nbsp;&nbsp;&nbsp; Disclosure of
Interests</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under the Companies
Act, a director who has an interest in a material contract or a proposed
material contract, or a 10% or more interest (directly or indirectly) in an
entity that is interested in a contract or proposed contract or arrangement with
us, is obligated to declare the nature of such interest at the first opportunity
at a meeting of the Board of Directors, or by writing to the Board of
Directors.&nbsp; If the director has complied with the relevant sections of the
Companies Act and the Bye-Laws with respect to the disclosure of his interest,
the director may vote at a meeting of the Board of Directors or a committee
thereof on a contract, transaction or arrangement in which that director is
interested, in which case his vote shall be counted and he shall be taken into
account in ascertaining whether a quorum is present.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.13&nbsp;&nbsp;&nbsp; Rights in
Liquidation</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under Bermuda law,
in the event of liquidation or winding-up of a company, after satisfaction in
full of all claims of creditors and subject to the preferential rights accorded
to any series of preferred stock, the proceeds of such liquidation or winding-up
are distributed among the holders of shares in accordance with a company&#8217;s
bye-laws.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under our Bye-Laws,
if we are wound up, the liquidator may, pursuant to a resolution of the
shareholders and any approval required by the Companies Act, divide among the
shareholders in cash or other assets the whole or part of our assets, whether
such assets shall consist of property of the same kind or not, and may for such
purposes set such values as such liquidator deems fair upon any property to be
divided and may determine how such division shall be carried out as between the
shareholders.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.14&nbsp;&nbsp;&nbsp; Meetings of
Shareholders</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under Bermuda law, a
company, unless it elects to dispense with the holding of annual general
meetings, is required to convene at least one general meeting per calendar
year.&nbsp; The directors of a company, notwithstanding anything in such
company&#8217;s bye-laws, shall, on the requisition of the shareholders holding at the
date of the deposit of the requisition not less than one-tenth of the paid-up
capital of the company carrying the right of vote, duly convene a special
general meeting.&nbsp; Our Bye-Laws provide that the Board of Directors may,
whenever it thinks fit, convene a special general meeting.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Bermuda law requires
that shareholders be given at least five days&#8217; notice of a meeting of the
Company.&nbsp; Our Bye-Laws extend this period to provide that not less than 20
days&#8217; written notice of a general meeting must be given to those shareholders
entitled to receive such notice.&nbsp; The accidental omission to give notice to
or non-receipt of a notice of a meeting by any person does not invalidate the
proceedings of a meeting.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our Bye-Laws state
that no business can be transacted at a general meeting unless a quorum of at
least two shareholders representing a majority of the issued shares of the
Company are present in person or by proxy and entitled to vote.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under our Bye-Laws,
notice to any shareholders may be delivered either personally or by sending it
through the post, by airmail where applicable, in a pre-paid letter addressed to
the shareholder at his address as appearing in the share register or by
delivering it to, or leaving it at, such registered address.&nbsp; Any notice
sent by post shall be deemed to have been served seven (7) days after
dispatch.&nbsp; A notice of a general meeting is deemed to be duly given to the
shareholder if it is sent to him by cable, telex or tele-copier or other mode of
representing or reproducing words in a legible and non-transitory form and such
notice shall be deemed to have been served twenty-four (24) hours after its
dispatch.</FONT></P></DIV>
<P style="TEXT-ALIGN: center">64</P>
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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.15&nbsp;&nbsp;&nbsp; Access to Books and Records and
Dissemination of Information</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under Bermuda law,
members of the general public have the right to inspect the public documents of
a company available at the office of the Bermuda Registrar of Companies.&nbsp;
These documents include the memorandum of association and any amendment to the
memorandum of association.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under Bermuda law,
the minutes of shareholder meetings will be open for inspection by any
shareholder or director without charge for not less than two hours during
business hours each day, subject to any reasonable restrictions that we may
impose.&nbsp; The shareholders shall be entitled to receive a copy of every
balance sheet and statement of income and expenditure before a general meeting
as required under the Bye-Laws.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under our Bye-Laws,
unless the Board otherwise determines, the register of shareholders of the
Company is required to be open for inspection between 10:00 a.m. and 12:00 noon
each working day without charge to members of the general public.&nbsp; A
company is required to maintain its share register in Bermuda but may, subject
to the provisions of the Companies Act, establish a branch register outside of
Bermuda.&nbsp; We have estab</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">lished a branch register with our transfer agent,
Computershare Limited, which is based in Jersey City, New Jersey.&nbsp;
</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under Bermuda Law, a
company is required to keep at its registered office a register of its directors
and officers that is open for inspection for not less than two hours in each day
by members of the public without charge.&nbsp; Under our Bye-Laws, the register
of directors and officers is available for inspection by the public between
10:00 a.m. and 12:00 noon every working day.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Bermuda law does not
provide a general right for shareholders to inspect or obtain copies of any
other corporate records, except for the Bye-Laws of the Company.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.16&nbsp;&nbsp;&nbsp; Election or Removal of
Directors</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Bye-Laws provide
that the number of directors will be such number, not less than two, as our
shareholders by resolution may from time to time determine.&nbsp; A director
will serve until re-elected or his successor is appointed at the next annual
general meeting or his prior removal in the manner provided by the Companies Act
or the Bye-Laws.&nbsp; There is no requirement under Bermuda law, the Company&#8217;s
memorandum of association or its Bye-Laws that a majority of the Company&#8217;s
directors be independent.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Bye-Laws provide
that each director shall have one vote on all matters presented to the Board for
a vote.&nbsp; At the Annual General Meeting held on October 7, 2011, all nine
directors then in office were re-elected.&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The shareholders may
by resolution determine that one or more vacancies in the Board of Directors
shall be deemed casual vacancies for the purposes of the Bye-Laws.&nbsp; The
Board, so long as a quorum of directors remains in office, shall have the power
at any time and from time to time to appoint any individual to be a director so
as to fill a casual vacancy.&nbsp; The shareholders may approve the appointment
of alternate directors or may authorize the Board to appoint them.&nbsp;
Directors may also appoint and remove their own alternates. At the Annual
General Meeting held on October 7, 2011, the shareholders approved the
reservation of one directorship as a casual vacancy.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">We may, in a special
general meeting called for this purpose, remove a director, provided notice of
such meeting is served upon the director concerned not less than fourteen days
before the meeting and he shall be entitled to be heard at that
meeting.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The office of a
director will be vacated in the event of any of the following:</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; if he resigns his office by
notice in writing to be delivered to our registered office or tendered at a
meeting of the Board of Directors;</FONT></P></DIV>
<P style="TEXT-ALIGN: center">65</P>
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<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; if he becomes of unsound mind
or a patient for any purpose under any statute or applicable law relating to
mental health and the Board of Directors resolves that his office is
vacated;</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; if he becomes bankrupt or
enters into a general settlement with his creditors;</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; if he is prohibited by law from
being a director; or</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; if he ceases to be a director
by virtue of the Companies Act or is removed from office pursuant to the
Bye-Laws.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.17&nbsp;&nbsp;&nbsp; Amendment of Memorandum of
Association and Bye-Laws</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Bermuda law provides
that the memorandum of association of a company may be amended by resolution
passed at a general meeting of which due notice has been given.&nbsp; An
amendment to a memorandum of association does not require the consent of the
Minister of Finance save for specific circumstances, for example, the adopting
of any authority to carry on restricted business activities.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under Bermuda law,
the holders of:</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; an aggregate of not less than
twenty percent in par value of a company&#8217;s issued share capital or any class
thereof; or</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; not less in the aggregate than
twenty percent of the company&#8217;s debentures entitled to object to amendments to
its memorandum of association,</FONT></P>
<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 40pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; have the right to
apply to the Supreme Court of Bermuda for an annulment of any amendment of the
memorandum of association.&nbsp; Where such an application is made, the
amendment becomes effective only to the extent that it is confirmed by the
Bermuda Supreme Court.&nbsp; An application for an annulment of an amendment of
the memorandum of association must be made within twenty-one days after the date
on which the resolution amending the memorandum of association is passed and may
be made on behalf of the persons entitled to make the application by one or more
of their number as they may appoint in writing for the purpose.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our Bye-Laws may be
amended in the manner provided for in the Companies Act, which provides that the
directors may amend the Bye-Laws, provided that any such amendment shall be
effective only to the extent approved by the shareholders.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.18&nbsp;&nbsp;&nbsp; Merger or
Amalgamation</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Companies Act
provides that two or more Bermuda companies may merge and their undertaking,
property and liabilities shall best in one of such companies as the surviving
company (referred to as a &#8220;merger&#8221; under Bermuda law). The Companies Act also
provides that a Bermuda company may amalgamate with another company and continue
as an amalgamated company (referred to as an &#8220;amalgamation&#8221; under Bermuda law).
A merger or amalgamation requires an merger or amalgamation agreement which must
be approved by the board of directors and at a meeting of the shareholders by
seventy-five percent of the shareholders present and entitled to vote at such
meeting in respect of which the quorum shall be two persons holding or
representing by proxy more than one-third of the issued shares of the
company.&nbsp; These provisions do not apply where a holding company is merging
or amalgamating with one or more of its wholly-owned subsidiaries or where two
or more wholly-owned companies of the same holding company are merging or
amalgamating.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under Bermuda law,
in the event of a merger or an amalgamation of a Bermuda company, a shareholder
who did not vote in favor of the transaction and who is not satisfied that fair
value has been offered for the shares, may apply to the Supreme Court of Bermuda
within one month of notice of the meeting of shareholders to appraise the fair
value of those shares.</FONT></P></DIV>
<P style="TEXT-ALIGN: center">66</P>
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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.19&nbsp;&nbsp;&nbsp; Class Actions and Derivative
Actions</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Class actions, as
they are commonly understood in the United States, are not available to
shareholders under Bermuda law.&nbsp; Derivative actions are generally only
available to shareholders under Bermuda law in very limited circumstances.&nbsp;
A shareholder may commence an action in the name of a company to remedy a wrong
done to the company where the wrongdoers are in control of the company and the
act complained of is of a fraudulent character, oppressive, beyond the corporate
power of the company, illegal or would have required the approval of a greater
percentage of the company&#8217;s shareholders than those that actually approved
it.&nbsp; A shareholder may not commence such an action where the wrong
complained of is capable of ratification by the company in a general meeting by
ordinary resolution.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">When one or more
shareholders believes the affairs of a company are being conducted in a manner
which is oppressive or prejudicial to the interest of some of the shareholders,
the Supreme Court of Bermuda, upon petition, may make such order as it sees fit,
including an order regulating the conduct of the company&#8217;s affairs in the future
or ordering the purchase of the shares of any shareholders by other shareholders
or by the company, and in the case of a purchase of the shares by the company,
for the reduction accordingly of the company&#8217;s capital or otherwise.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.20&nbsp;&nbsp;&nbsp; Personal Liability of Directors
and Indemnity</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">T</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">he Companies Act
requires every officer, including directors, of a company in exercising powers
and discharging duties, to act honestly in good faith with a view to the best
interests of the company, and to exercise the care, diligence and skill that a
reasonably prudent person would exercise in comparable circumstances.&nbsp; The
Companies Act further provides that any provision, whether in the bye-laws of a
company or in any contract between the company and any officer or any person
employed by the company as auditor, exempting such officer or person from
liability, or indemnifying him against any liability which by virtue of any rule
of law would otherwise attach to him, in respect of any fraud or dishonesty of
which he may be guilty in relation to the company, shall be void.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Every director,
officer and committee member shall be indemnified out of our funds against all
civil liabilities, loss, damage or expense including liabilities under contract,
tort and statute or any applicable foreign law or regulation and all reasonable
legal and other costs and expenses properly payable, incurred or suffered by him
as director, officer or committee member; provided that the indemnity contained
in the Bye-Laws will not extend to any matter which would render it void under
the Companies Act as discussed above.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.2.21&nbsp;&nbsp;&nbsp; Exchange
Controls</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">We have been
designated by the Bermuda Monetary Authority as a non-resident under the
Exchange Control Act of 1972 (the &#8220;Exchange Control Act&#8221;).&nbsp; This
designation allows us to engage in transactions in currencies other than the
Bermuda dollar.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The transfer of
Common Shares between persons regarded as resident outside Bermuda for exchange
control purposes and the issue of Common Shares to such persons may be effected
without specific consent under the Exchange Control Act and regulations
thereunder, provided the Common Shares are listed on an appointed stock
exchange.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Notwithstanding the
recording of any special capacity, we are not bound to investigate or incur any
responsibility in respect of the proper administration of any estate or
trust.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">We will take no
notice of any trust applicable to any of our Common Shares whether or not we had
notice of such trust.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">As an &#8220;exempted
company,&#8221; we are exempt from Bermuda laws which restrict the percentage of share
capital that may be held by non-Bermudians.&nbsp; However, as an exempted
company we may not participate in certain designated business transactions,
which we do not consider relevant to our present or planned business
activities.</FONT></P></DIV>
<P style="TEXT-ALIGN: center">67</P>
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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.3&#8195;Material Contracts</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Composite Services Agreement (&#8220;CSA&#8221;)</FONT></I></P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company engages
in transactions in the ordinary course of business with PEWC, including the
purchase of certain raw materials and the distribution of PEWC products in
various countries in the Asia Pacific region.&nbsp; The Company and PEWC are
parties to a composite services agreement dated November 7, 1996 (the &#8220;Composite
Services Agreement&#8221; or &#8220;CSA&#8221;), which the Company has renewed annually, at its
option.&nbsp; The Composite Services Agreement contains provisions that define
the relationship and the conduct of the respective businesses of the Company and
PEWC and confers certain preferential benefits on the Company.&nbsp; In 2011
there were no material changes to the CSA between APWC and PEWC.&nbsp; Pursuant
to the Composite Services Agreement, </FONT></P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;
PEWC agrees to (a) sell copper rod to the Company, upon the Company&#8217;s request,
(i) at a price consisting of the spot price of copper on the LME plus an agreed
upon premium and (ii) at prices and on terms at least as favorable as PEWC
provides copper rod to other purchasers of similar amounts of copper rod in the
same markets, and (b) give priority in the supply of copper rod to the Company
over other purchasers of copper rod from PEWC.</FONT></P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;
The Company has the right to distribute any wire or cable product manufactured
by PEWC in all markets in which the Company presently distributes or develops
the capability to distribute in the future such products on such terms as have
historically been in effect or on terms at least as favorable as PEWC grants to
third parties that distribute such products in such markets.&nbsp; However, PEWC
is not required to grant to the Company the right to distribute products
manufactured by PEWC in the future in markets where the Company does not
currently have the capability to distribute unless and until PEWC has no
pre-existing contractual rights which would conflict with the grant of such
right to the Company.</FONT></P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt">&nbsp;</P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;
Each of PEWC and the Company will notify the other party prior to entering into
any negotiations with a third party concerning the establishment of any facility
or similar venture to manufacture or distribute any wire or cable product
outside of the markets where the Company currently manufactures or distributes,
or intends to develop the capability to manufacture or distribute, any wire or
cable product.&nbsp; Unless the Company and PEWC mutually agree otherwise, the
Company has the right of first refusal to enter into any definitive agreement
with such third party.&nbsp; If, however, such third party would not agree to
the substitution of the Company for PEWC or such substitution would prevent the
successful completion of the facility or venture, PEWC has agreed to arrange for
the Company to participate to the extent possible.</FONT></P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt">&nbsp;</P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;
PEWC agrees to make available to the Company, upon the Company&#8217;s request and on
terms to be mutually agreed between PEWC and the Company from time to time,
certain services with respect to the design and manufacture of wire and cable
products, computerization, inventory control, purchasing, internal auditing,
quality control, emergency back-up services, and recruitment and training of
personnel; such services may include the training of the Company&#8217;s employees and
managers at PEWC facilities and the secondment of PEWC employees and managers to
the Company.</FONT></P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt">&nbsp;</P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;
Without the consent of the Company, PEWC will not compete with respect to the
manufacture or distribution of wire and cable products in any market in which
the Company is manufacturing or has taken significant steps to commence
manufacturing.</FONT></P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt">&nbsp;</P>
<P style="TEXT-INDENT: -16pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp;&nbsp;&nbsp; For purposes of the Composite
Services Agreement, each province in China is considered the equivalent of a
country.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">To the extent that
transactions occur in the future between the Company and PEWC or affiliates of
PEWC other than under the Composite Services Agreement, such transactions will
be entered into on an arm&#8217;s length basis on terms no less favorable than those
available from unaffiliated third parties.</FONT></P></DIV>
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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Amended
and Restated Shareholders Agreement</FONT></I></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In connection with
the 2007 acquisition by SOF of twenty percent (20%) of the Company&#8217;s issued and
outstanding Common Shares, the Company, PEWC and SOF entered into Shareholders
Agreement, pursuant to which the Company granted to SOF certain rights and
protections.&nbsp; Under the Shareholders Agreement, the Company agreed to
indemnify the SOF Indemnified Persons for any additional taxes, interest,
penalties and other costs that might be imposed upon or incurred by the SOF
Indemnified Persons in the event that the Company is determined by the IRS to be
a CFC or a PFIC as such terms are interpreted and defined under IRS rules or
regulations.&nbsp; In addition, under the Shareholders Agreement, the Company
granted to SOF certain registration rights with respect to the Common Shares
owned by it, including the undertaking by the Company to prepare and file a
shelf registration statement, and the further right of SOF to exercise two
demand registration rights with regard to its Common Shares and to further
exercise certain piggyback registration rights in connection with its Common
Shares.&nbsp; The Shareholders Agreement was amended and restated on March 27,
2009 in connection with the sale by SOF to PEWC of 51% of the Common Shares held
by SOF.&nbsp; However, the foregoing rights of SOF have been preserved in the
Amended and Restated Shareholders Agreement notwithstanding its sale of 51% of
its original interest in APWC.&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">As of July 1, 2011, COF succeeded
to all of the right, title and interest in the Common Shares then held by SOF.
Each of the rights of SOF under the Shareholders Agreement was conveyed to, and
is now held by, COF.&nbsp; For a more detailed description of the Company&#8217;s
obligations under the Shareholders Agreement, see the risk factor
entitled</FONT><U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"> &#8220;Obligations under Amended and Restated Shareholders
Agreement</FONT></U><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">.&#8221;&nbsp;</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">10.4
Taxation</FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The following is a
summary of the material tax consequences of the acquisition, ownership and
disposition of Common Shares based on the tax laws of the United States and
Bermuda, subject to the assumptions, qualifications and limitations in our
discussion below.&nbsp; Such summary is subject to changes in United States and
Bermuda law, including changes that could have retroactive effect.&nbsp; The
following summary does not take into account the individual circumstances of an
investor, nor does it purport to be a complete technical analysis or examination
of all potential tax effects relevant to a decision to purchase Common Shares,
including without limitation, the tax laws of the various states or localities
within the United States.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 1pt 0cm 4pt 12pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 1pt 0cm 4pt 12pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.4.1
United States Taxation </FONT></B></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">T</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">he following is a
summary of the material United States federal income tax consequences of the
acquisition, ownership and disposition of Common Shares by a U.S. Holder (as
defined below) and a Non-U.S. Holder (as defined below), in each case, subject
to the assumptions, qualifications and limitations in our discussion
below.&nbsp; Such summary is subject to changes in United States law, including
changes that could have retroactive effect.&nbsp; The summary does not purport
to be a comprehensive description of all possible tax considerations that may be
relevant to a decision to purchase Common Shares.&nbsp; This summary is based
upon the Internal Revenue Code of 1986, as amended (the &#8220;Code&#8221;), regulations
promulgated under the Code by the U.S. Treasury Department (the &#8220;Treasury&#8221;)
(including proposed and temporary regulations), rulings, current administrative
interpretations and official pronouncements of the IRS, and judicial decisions,
all as currently in effect and all of which are subject to differing
interpretations or to change, possibly with retroactive effect.&nbsp; Such
change could materially and adversely affect the tax consequences described
below.&nbsp; No assurance can be given that the IRS would not assert, or that a
court would not sustain, a position contrary to any of the tax consequences
described below.&nbsp; Further, this summary does not discuss any foreign, state
or local tax consequences.</FONT></P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In particular, this
summary deals only with Common Shares held as capital assets and does not
address the United States tax treatment of U.S. Holders and Non-U.S. Holders
that are subject to special treatment under the Code, such as dealers in stocks,
securities, or currencies, traders in securities that elect to use a
mark-to-market method of accounting for their securities holdings, financial
institutions, insurance companies, tax-exempt entities, real estate investment
trusts, regulated investment companies, qualified retirement plans, individual
retirement accounts, and other tax deferred accounts, expatriates of the United
States, persons subject to the alternative minimum tax, persons holding shares
as part of a hedging or conversion transaction or a straddle, or other
integrated transaction, persons who acquired Common Shares pursuant to the
exercise of any employee stock option or otherwise as compensation for services,
or persons whose functional currency is </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">not the United States dollar or who own
(directly, indirectly or by attribution) 10% or more of the stock of the
Company.&nbsp; This discussion is limited to investors who hold their shares as
capital assets.&nbsp; No ruling has been or will be sought from the IRS
regarding any matter discussed herein.&nbsp; Counsel to the Company has not
rendered any legal opinion regarding any tax consequences to the Company or an
investment in the Company.&nbsp; Consequently, prospective purchasers who are
U.S. Holders or Non-U.S. Holders are advised to satisfy themselves as to the
overall United States federal, state, local and foreign tax consequences of
their acquisition, ownership and disposition of Common Shares by consulting
their own tax advisors.</FONT></P></DIV>
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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">As used herein, the term &#8220;U.S. Holder&#8221; means a beneficial owner of Common Shares that is (i) a citizen or resident of the United States, (ii) a corporation (including any entity treated as a corporation for U.S. federal income tax purposes) created or organized in the United States or under the laws of the United States or any state (or the District of Columbia), (iii) an estate, the income of which is subject to United States federal income tax regardless of its source, or (iv) a trust, if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more &#8220;United States persons&#8221; (as defined in Section 7701(a)(30) of the Code) has the authority to control all substantial decisions of the trust, or, to the extent provided in the Regulations, certain trusts in existence on August 20, 1996, and treated as U.S. Persons prior to such date, that elect to be treated as U.S. Persons.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The term &#8220;Non-U.S. Holder&#8221; means a beneficial owner of Common Shares that is not a U.S. Holder.&nbsp; As described in &#8220;Taxation of Non-U.S. Holders&#8221; below, the consequences to a Non-U.S. Holder may differ substantially from the tax consequences to a U.S. Holder.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">If a partnership (including for this purpose any entity treated as a partnership for U.S. federal income tax purposes) is a beneficial owner of Common Shares, the U.S. federal income tax consequences to a partner in the partnership will generally depend on the status of the partner and the activities of the partnership.&nbsp; A holder of Common Shares that is a partnership and the partners in such partnership should consult their own tax advisors regarding the U.S. federal income tax consequences of the ownership and disposition of Common Shares.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">U.S. Federal Income Taxation of the Company</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company expects that it will be treated as a foreign corporation for U.S. federal income tax purposes, and it will make no election to the contrary.&nbsp; As a foreign corporation, subject to the rules discussed below, the income, gains, losses, deductions and expenses of the Company will not be passed through to the investors, and all distributions by the Company to the investors will be treated as dividends, return of capital, and/or capital gains.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company currently does not conduct activities in the United States and expects that it will continue to conduct activities in a manner so as not to constitute the conduct of a trade or business in the United States or, invest in securities the income from which is treated, for U.S. federal income tax purposes, as arising from a U.S. trade or business.&nbsp; As a result, the income of the Company generally should not be subject to U.S. federal income tax on a net income basis.&nbsp; However, gains realized from certain investments in United States real property interests by foreign persons, such as the Company, may be subject to U.S. federal income tax on a net basis, withholding tax and a branch profits tax.&nbsp; Debt instruments with an equity component linked to a United States real property interest and stock in certain United States corporations holding significant real property interests may be considered United States real property interests taxable as described above.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Taxation of U.S. Holders</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The discussion in &#8220;Taxation of Dividends&#8221; and &#8220;Taxation of Capital Gains&#8221; below assumes that the Company will not be treated as a PFIC for U.S. federal income tax purposes.&nbsp; For a discussion of the rules that apply if the Company is treated as a PFIC, see the discussion in &#8220;Passive Foreign Investment Company&#8221; below.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Taxation of Dividends</FONT></I></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company has never declared or paid any cash dividends and does not presently anticipate paying dividends.&nbsp; A U.S. Holder receiving a distribution with respect to Common Shares generally will be required to include such distribution in gross income (as ordinary income subject to regular, and not reduced, tax rates) on the day received as foreign-source dividend income to the extent such distribution is paid from the Company&#8217;s current or accumulated earnings and profits (as determined under United States federal income tax principles).&nbsp; Such dividends will not be eligible for the dividends received deduction (generally allowed to certain United States corporations in respect of dividends received from United States corporations).&nbsp; U.S. Holders that are corporations and directly own 10% or more of the voting stock of the Company may be entitled to claim a foreign tax credit for United States federal income tax purposes in respect of foreign taxes paid by the Company and certain subsidiaries. However, if a U.S. Holder claims the foreign tax credit, it must &#8220;gross-up&#8221; the deemed tax payment and treat the grossed-up amount as part of the dividend distribution, so that the amount included in income is equal to the dividend received plus the amount of the foreign tax deemed paid by such U.S. Holder.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Under U.S. federal income tax laws, for taxable years beginning before January 1, 2013, </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">a dividend paid to an individual U.S. shareholder from either a domestic corporation or a &#8220;qualified foreign corporation&#8221; is subject to tax at the reduced rates applicable to certain capital gains.&nbsp; A qualified foreign corporation includes certain foreign corporations that are eligible for benefits of a comprehensive income tax treaty with the United States which the Secretary of the Treasury determines is satisfactory for purposes of this provision and which includes an exchange of information program.&nbsp; In addition, a foreign corporation not otherwise treated as a qualified foreign corporation is so treated with respect to any dividend it pays if the stock with respect to which it pays such dividend is readily tradable on an established securities market in the United States.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In the absence of a comprehensive income tax treaty between the United States and Bermuda, the Company will not be treated as a &#8220;qualified foreign corporation&#8221; under the treaty test.&nbsp; So long as the Company is not a PFIC (as discussed below), dividends paid by the Company to individual shareholders would qualify for these reduced rates if its stock was treated as readily tradable on an established securities market in the United States.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In Notice 2003-71, 2003-2 C.B. 922, the IRS determined that common or ordinary stock, or an American depositary receipt in respect of such stock, is considered readily tradable on an established securities market in the United States if it is listed on a national securities exchange that is registered under Section 6 of the Securities Exchange Act of 1934 (15 U.S.C. 78f) or on the Nasdaq Stock Market.&nbsp; As stated in the SEC&#8217;s Annual Report for 2002, registered national exchanges as of September 30, 2002 include the American Stock Exchange (now known as </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">NYSE Amex Equities</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">), the Boston Stock Exchange, the Cincinnati Stock Exchange, the Chicago Stock Exchange, the NYSE, the Philadelphia Stock Exchange, and the Pacific Exchange, Inc.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">For so long as the Common Shares continue to be traded on NASDAQ, or are readily tradable on any other established securities market in the United States, any dividends paid by the Company should qualify for the reduced rates referred to above so long as they remain in effect.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">To the extent any distribution exceeds the current and accumulated earnings and profits of the Company for a taxable year, the distribution will be treated as a non-taxable return of capital to the extent of the U.S. Holder&#8217;s adjusted tax basis in the Common Shares with respect to which the distribution is made, causing a reduction in the adjusted basis of the Common Shares (thereby increasing the amount of gain, or decreasing the amount of loss, to be recognized by the U.S. Holder on a subsequent disposition of the Common Shares).&nbsp; To the extent such distribution exceeds the U.S. Holder&#8217;s adjusted tax basis in the Common Shares, such excess will be treated as capital gain.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Taxation of Capital Gains</FONT></I></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">A U.S. Holder will recognize taxable gain or loss on any sale, exchange or other disposition of Common Shares (including a liquidation, dissolution or as a result of a non-pro rata redemption of Common Shares that qualified for treatment as a sale or exchange for United States federal income tax purposes) in an amount equal to the difference between the amount realized for the Common Shares and the U.S. Holder&#8217;s adjusted tax basis in the Common Shares.&nbsp; Such gain or loss generally will be treated as capital gain or loss and will be long-term capital gain or loss if the Common Shares have been held for more than one year on the date of the sale, exchange or other disposition thereof, and will be short-term capital gain or loss if the Common Shares have been held for one year or less on the date of the sale or exchange thereof.&nbsp; Any gain recognized by a U.S. Holder generally will be treated as United States source income.&nbsp; In general, an individual&#8217;s short-term capital gains are taxable as ordinary income and an individual&#8217;s long-term capital gains are subject to U.S. federal income tax at preferential rates.&nbsp; </FONT></P><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></DIV>

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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Long-term capital gains of corporations generally are subject to the U.S. federal income tax at a current maximum marginal rate of 35%.&nbsp; Short-term capital gain generally is taxable at ordinary income rates.&nbsp; Although capital gains of corporations currently are taxed at the same rates as ordinary income, the distinction between capital gain and ordinary income or loss is relevant for purposes of, among other things, limitations on the deductibility of capital losses.&nbsp; Corporations may deduct capital losses only to the extent of capital gains and generally may carry back capital losses to each of the preceding three years and carry forward capital losses to each of the succeeding five years.&nbsp; Individuals may deduct capital losses to the extent of capital gains plus up to $3,000 ($1,500 for married individuals filing separate returns) and may carry forward capital losses indefinitely.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Backup Withholding</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In general, information reporting requirements may be applicable to dividend payments (or other taxable distributions) made in respect of Common Shares to non-corporate U.S. Holders, and &#8220;backup withholding&#8221; at the rate of 28% (which rate is scheduled to increase to 31% after 2012) will apply to such payments (i) if the holder or beneficial owner fails to provide a taxpayer identification number in the manner required by U.S. law and applicable regulations, (ii) if the IRS notifies the payor that the taxpayer identification number furnished by the holder or beneficial owner is incorrect, (iii) if there has been notification from the IRS of a failure by the holder or beneficial owner to report all interest or dividends required to be shown on its United States federal income tax returns or (iv) in certain circumstances, if the holder or beneficial owner fails to comply with applicable certification requirements.&nbsp; In general, payment of the proceeds from a sale of Common Shares to or through a United States office of a broker is subject to both United States backup withholding and information reporting unless the holder or beneficial owner establishes an exemption.&nbsp; U.S. Holders who are required to establish their exempt status generally must provide such certification on IRS Form W-9.&nbsp; Amounts withheld under the backup withholding rules may be credited against a holder&#8217;s tax liability, and a holder may obtain a refund of any excess amounts withheld under the backup withholding rules by timely filing the appropriate claim for refund with the IRS.&nbsp; Payment of the proceeds from the sale of Common Shares effected outside the United States by a foreign office of certain United States connected brokers will not be subject to backup withholding tax but will be subject to information reporting requirements unless the broker has documentary evidence in its records that the beneficial owner is a non-U.S. Holder and has no actual knowledge to the contrary, or the beneficial owner otherwise establishes an exemption.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Passive Foreign Investment Company</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In general, the Company will be treated as a PFIC for United States federal income tax purposes for any taxable year if either (i) at least 75% of the gross income of the Company is passive income or (ii) at least 50% of the value (determined on the basis of a quarterly average) of the Company&#8217;s assets is attributable to assets that produce or are held for the production of passive income.&nbsp; The Company believes, based on its current operations and assets, that it is not a PFIC and does not expect to become a PFIC in the future.&nbsp; This conclusion is a factual determination based on, among other things, a valuation of the Company&#8217;s assets, which will likely change from time to time.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">If the Company were a PFIC for any taxable year during which a U.S. Holder held Common Shares, the U.S. Holder would be subject to special tax rules with respect to (i) any &#8220;excess distribution&#8221; by the Company to the U.S. Holder (generally any distribution received by the U.S. Holder in a taxable year that is greater than 125% of the average annual distribution received by the U.S. Holder in the three preceding taxable years, or the U.S. Holder&#8217;s holding period for the Common Shares, if shorter) and (ii) any gain realized on the sale or other disposition (including a pledge) of Common Shares.</FONT></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under these special tax rules, (i) the excess distribution or gain would be allocated ratably over the U.S. Holder&#8217;s holding period for the Common Shares, (ii) the amount allocated to the U.S. Holder&#8217;s current taxable year and to any period prior to the first taxable year in which the Company was a PFIC would be includible as ordinary income in the U.S. Holder&#8217;s current taxable year and (iii) the amount allocated to a prior year during which the Company was a PFIC would be subject to tax at the highest tax rate in effect for that year, and an interest charge would also be imposed with respect to the resulting tax attributable to each such prior year.&nbsp; The interest charge is computed using the applicable rates imposed on underpayments of United States federal income tax for the relevant periods.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The above rules will not apply if a &#8220;mark-to-market&#8221; election is available and a U.S. Holder validly makes such an election by filing a properly completed IRS Form 8621.&nbsp; If such election were made, a U.S. Holder generally would be required to take into account the difference, if any, between the fair market value and its adjusted tax basis in the Common Shares at the end of each taxable year as ordinary income or ordinary loss (to the extent of any net mark-to-market gains previously included in income). Thus, the U.S. Holder may recognize taxable income without receiving any cash to pay its tax liability with respect to such income.&nbsp;&nbsp; A U.S. Holder&#8217;s tax basis in the Common Shares would be adjusted to reflect any such income or loss amount.&nbsp; In addition, any gain from a sale, exchange or other disposition of the Common Shares would be treated as ordinary income, and any loss would be treated as ordinary loss (to the extent of any net mark-to-market gains previously included in income).&nbsp; A mark-to-market election is available to a U.S. Holder only if the Common Shares are considered &#8220;marketable stock&#8221; for these purposes.&nbsp; Generally, shares of a PFIC will be considered marketable stock if they are &#8220;regularly traded&#8221; on a &#8220;qualified exchange&#8221; within the meaning of applicable U.S. Treasury regulations.&nbsp; A class of shares is regularly traded during any calendar year during which such class of shares is traded, other than in de minimis quantities, on at least 15 days during each calendar quarter.&nbsp; A &#8220;qualified exchange&#8221; is defined to include a national securities exchange registered with the SEC or certain foreign exchanges.&nbsp; As the Common Shares of the Company commenced trading on the NASDAQ beginning on April 29, 2011, the mark-to-market election under the rules discussed above is available if the Company were otherwise classified as a PFIC</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">, for so long as the Common Shares continue to be regularly traded on NASDAQ or another qualified exchange</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">.&nbsp;</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The special tax rules described above will also not apply to a U.S. Holder if the U.S. Holder elects to have the Company treated as a &#8220;qualified electing fund&#8221; (a &#8220;QEF election&#8221;) and the Company provides certain information to U.S. Holders.&nbsp; If the Company is treated as a PFIC, it will notify the U.S. Holders and provide such holders with the information necessary to make an effective QEF election, including information as to the procedures for making such an election.&nbsp; The QEF election is made on a shareholder-by-shareholder basis and can ordinarily be revoked only with the consent of the IRS.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">A U.S. Holder that makes a valid QEF election will be currently taxable on its pro rata share of the Company&#8217;s ordinary earnings and net capital gain (at ordinary income and capital gains rates, respectively) for each taxable year that the Company is classified as a PFIC, regardless of whether distributions are received.&nbsp; Thus, the U.S. Holder may recognize taxable income without receiving any cash to pay its tax liability with respect to such income.&nbsp; The U.S. Holder&#8217;s basis in the Common Shares will be increased to reflect taxed but undistributed income.&nbsp; Distributions of income that have been previously taxed will result in a corresponding reduction of basis in the Common Shares and will not be taxed again as a distribution to the U.S. Holder.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">A U.S. Holder owning Common Shares during any year that the Company is a PFIC must file IRS Form 8621.&nbsp; U.S. Holders should consult their tax advisors concerning the United States federal income tax consequences of holding Common Shares and of making a mark-to-market or QEF election if the Company is treated as a PFIC in the future.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Controlled Foreign Corporation</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">A non-U.S. corporation generally will be a CFC for U.S. tax purposes if United States shareholders collectively own more than 50 percent of the total combined voting power or total value of the corporation&#8217;s stock on any day during any taxable year.&nbsp; For this purpose, United States shareholders are limited to those U.S. persons who own, directly, indirectly or constructively, 10 percent or more of the total combined voting power of all classes of stock of the non-U.S. corporation.&nbsp; If a corporation is a CFC for an uninterrupted period of 30-days in any tax year, every United States shareholder that owns stock on the last day of the CFC&#8217;s tax </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">year, must include in gross income such shareholder&#8217;s pro rata share of the CFC&#8217;s &#8220;subpart F income&#8221; and income from investments in certain types of U.S. property (i.e., tangible personal property located in the United States, stock of a United States corporation, an obligation of a United States person, or a right to use patents, copyrights, and other similar property in the United States) even if the income has not been distributed to the shareholders in the form of dividends or otherwise.&nbsp; Subpart F income consists of certain specified categories of income including, among others, dividends, interest, rents, royalties, net gains from the sale of property giving rise to such income and income from certain types of transactions involving &#8220;related persons&#8221; as defined for U.S. federal income tax purposes. </FONT></P></DIV>

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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Taxation of Non-U.S. Holders</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Taxation of Dividends</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Subject to the discussion in &#8220;Backup Withholding&#8221; below, Non-U.S. Holders generally will not be subject to U.S. federal income tax, including withholding tax, on distributions received on Common Shares, unless the distributions are effectively connected with a trade or business conducted in the United States (and, if an applicable income tax treaty so requires, attributable to a permanent establishment maintained in the United States).</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">If distributions are effectively connected with a U.S. trade or business (and, if applicable, attributable to a U.S. permanent establishment), Non-U.S. Holders generally will be subject to tax on such distributions in the same manner as U.S. Holders, as described in &#8220;Taxation of U.S. Holders &#8212; Taxation of Dividends&#8221; above.&nbsp; In addition, any such distributions received by a corporate Non-U.S. Holder may also, under certain circumstances, be subject to an additional &#8220;branch profits tax&#8221; at a 30% rate or such lower rate as may be specified by an applicable income tax treaty.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Taxation of Capital Gains</FONT></I></P>

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<P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Gain realized by Non-U.S. Holders upon the sale or exchange or complete redemption of Common Shares held as a capital asset generally should not be subject to United States federal income tax provided that the gain is not effectively connected with a trade or business conducted in the United States (and, if an applicable tax treaty so requires, attributable to a permanent establishment maintained in the United States).&nbsp; However, in the case of nonresident alien individuals, such gain will be subject to the 30% (or lower tax treaty rate) U.S. flat tax if (i) such person is present in the United States for 183 days or more during the taxable year (on a calendar year basis unless the nonresident alien individual has previously established a different taxable year) and certain other conditions are met; and (ii) such gain is derived from U.S. sources.</FONT></P>

<P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Generally, the source of gain upon the sale or exchange or complete redemption of Common Shares is determined by the place of residence of the shareholder.&nbsp; For purposes of determining the source of gain, the Code defines residency in a manner that may result in an individual who is otherwise a nonresident alien with respect to the United States being treated as a United States resident for purposes of determining the source of income only.&nbsp; Each potential individual investor who anticipates being present in the United States for 183 days or more (in any taxable year) should consult a separate, outside tax advisor with respect to the possible application of this rule.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Special rules may apply in the case of shareholders (i) that have an office or fixed place of business in the United States to which a distribution or gain in respect of the Common Shares is attributable; or (ii) that are former citizens or residents of the United States, CFCs, foreign personal holding companies or corporations that accumulate earnings to avoid United States federal income tax.&nbsp; Such persons in particular are urged to consult their United States tax advisors before investing in the Company.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Backup Withholding</FONT></I></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In the case of Common Shares held by a Non-U.S. Holder, or held in the United States by a custodian or nominee for a Non-U.S. Holder, U.S. back-up withholding taxes may apply to distributions in respect of such Common Shares unless such Non-U.S. Holder properly certifies as to its non-U.S. status using IRS Form W-8.</FONT></P></DIV>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Backup withholding is not an additional tax.&nbsp; Amounts withheld as backup withholding from a payment to a Non-U.S. Holder may be credited against his U.S. federal income tax liability and a Non-U.S. Holder may obtain a refund of any excess amounts withheld by filing the appropriate claim for refund with the IRS and furnishing any required information in a timely manner.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt 18pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Future Tax Legislation</FONT></I></P>

<P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Future amendments to the Code, other legislation, new or amended U. S. Treasury Regulations, administrative rulings or guidance by the IRS, or judicial decisions may adversely affect the federal income tax aspects of an investment in the Company, with or without advance notice, and retroactively or prospectively.</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt 18pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">U.S. Treasury Circular 230 Notice</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Any United States federal tax advice included in this communication (a) was not intended to be used, and cannot be used, for the purpose of avoiding United States federal tax penalties, and (b) was not written to support the promotion or marketing of the transaction(s) or matter(s) addressed in the written advice.&nbsp; The taxpayer should seek advice based upon the taxpayer&#8217;s particular circumstances from an independent tax adviser.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 1pt 0cm 4pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">10.4.2 Bermuda Taxation</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In the opinion of Appleby, the following discussion correctly describes the material tax consequences of the ownership of Common Shares under Bermuda law, subject to the assumptions, qualifications and limitations in the discussion below.&nbsp; Such summary is subject to changes in Bermuda law, including changes that could have retroactive effect.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Under current Bermuda law, there are no taxes on profits, income or dividends nor is there any capital gains tax.&nbsp; Furthermore, the Company has received from the Minister of Finance of Bermuda under the Exempted Undertakings Tax Protection Act of 1966, as amended, an undertaking that, in the event that Bermuda enacts any legislation imposing tax computed on profits or income, or computed on any capital asset, gain or appreciation, or any tax in the nature of estate duty or inheritance tax, then the imposition of any such tax shall not be applicable to the Company or to any of its operations, or the shares, debentures or other obligations of the Company, until March 28, 2016.&nbsp; This undertaking does not, however, prevent the imposition of any such tax or duty on such persons as are ordinarily resident in Bermuda and holding such shares, debentures or obligations of the Company or of property taxes on Company-owned real property or leasehold interests in Bermuda.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">As an exempted company, the Company must pay to the Bermuda government an annual government fee calculated on a sliding-scale basis by reference to its assessable capital, that is, its authorized share capital plus any share premium.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">There is no stamp duty or other transfer tax payable upon the transfer of shares in the Company by shareholders.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The United States does not have a comprehensive income tax treaty with Bermuda.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif">&#8195;</FONT></B><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">10.5&#8195;Documents on Display</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">We are required to comply with the reporting requirements of the Exchange Act, applicable to a foreign private issuer.&nbsp; We are currently required to file annually a Form 20-F no later than four months after the close of our fiscal year, which is December 31.&nbsp; Any time the Company is delinquent in filing timely any periodic reports, including an Annual Report on Form 20&#8209;F, with the SEC, that delinquency may adversely affect the Company&#8217;s status on any exchange or quotation service on which its shares are listed or quoted and the Company may not be entitled to use certain abbreviated registration statements with the SEC in connection with the registration of any of its securities.&nbsp; We have previously been delinquent in filing our annual reports.&nbsp; As a result, the Company was delisted from the OTC BB and traded on the Pink Sheets.&nbsp; On April 9, 2008, </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">trading in the Common Shares of the Company was restored to the OTC BB under the trading symbol &#8220;AWRCF&#8221;.</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On April 29, 2011, the Common Shares of the Company commenced trading on the NASDAQ Capital Market tier under the trading symbol &#8220;APWC&#8221;.</FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman"></FONT></B></P></DIV>

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<FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">As a foreign private issuer, we are exempt from the rules under the Exchange Act prescribing the furnishing and content of proxy statements, and our officers, directors and principal shareholders are exempt from the reporting and short-swing profit recovery provisions contained in Section 16 of the Exchange Act.</FONT></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Our reports and other information, when so filed, may be inspected and copied (at prescribed rates) at the public reference facilities maintained by the SEC at Judiciary Plaza, 100 F Street, N.E., Washington D.C. 20549.&nbsp; Please call the SEC at 1-800-SEC-0330 for further information.&nbsp; In addition, the SEC maintains a web site that contains information filed electronically with the SEC, which can be accessed over the Internet at </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">http://www.sec.gov</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">.&nbsp; We have filed all our reports electronically since November 4, 2002.&nbsp; Such reports can be accessed over the Internet at http://www.sec.gov.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In addition, we post certain information regarding the Company and its operations on our website located at www.apwcc.com.&nbsp; Summary information regarding the Company posted on our website should not be considered to be a substitute for, or a restatement of, the more complete information regarding the Company, its results of operations and financial condition set forth in this Annual Report or other documents or information which we may file with the SEC.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 11:&#8195;Quantitative and Qualitative Disclosures About Market Risks</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company has exposure to several quantitative market risks, including fluctuations in interest rates, foreign currency exchange rates and the pricing of commodities, principally copper, the Company&#8217;s main raw material.&nbsp; Risk management measures undertaken by the Company include entering into derivative agreements covering foreign exchange rates and copper pricing, as well as copper forward pricing agreements.&nbsp; The Company does not purchase or sell derivative instruments for trading purposes.&nbsp; The Company does not engage in trading activities involving copper contracts for which a lack of marketplace quotations would necessitate the use of fair value estimation techniques.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">11.1 Interest Rate Risk</FONT></B></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">T</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">he Company is not currently a party to any derivative instruments to manage interest rate exposure.&nbsp; As in our line of business, derivative instruments would more commonly be employed to hedge the price of commodities, copper in our case.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 27pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">11.2 Foreign Currency Risk</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company has exposure to fluctuations in currency exchange rates.&nbsp; The Company&#8217;s revenues are generated primarily in the local currency in its principal operating jurisdictions; namely Thailand, China, Singapore and Australia.&nbsp; However, nearly all of the costs associated with the purchase of the Company&#8217;s raw materials, including copper, and its capital expenditures, including ongoing equipment upgrade and maintenance programs, are in U.S. dollars.&nbsp; In order to limit the risks that would otherwise result from changes in currency exchange rates, the Company enters into derivative financial instruments on a selective basis from time to time which are foreign exchange forward contracts that are cash flow hedges intended to hedge the currency fluctuations that impact the dollar value of sales revenues generated in the local markets of our operating subsidiaries.&nbsp; The fair value of foreign currency contracts represents the amount required to enter into offsetting contracts with similar remaining maturities based upon quoted market prices. &nbsp;</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">A</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">s of December 31, 2011, the Company had outstanding forward exchange purchase contracts with notional values of $2.3 million.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">As the Company&#8217;s operating subsidiaries incur operating costs in the local currency where they operate, the Company believes it is prudent that those operating subsidiaries incur indebtedness in the local currency when debt financing is necessary.&nbsp; The amount of indebtedness incurred by our operating subsidiaries from time to time is a function of our business strategy, the attractiveness of borrowing as opposed to other methods</FONT> &nbsp;of financing operations and tax implications, among other considerations.&nbsp; The Company has exposure to currency exchange risk when the results of its operating subsidiaries are translated from the local currency into the U.S. dollar.&nbsp; At December 31, 2010 and 2011, the cumulative other comprehensive gain (loss) account in the total equity section of the consolidated balance sheet included a cumulative currency translation adjustments of $1.8 million and $0.9 million, respectively. This sensitivity analysis is inherently limited in that it assumes that multiple foreign currencies will always move in the same direction and to the same degree relative to the U.S. dollar.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In 2011, we entered into derivative financial instruments on a selective basis throughout the year to mitigate foreign currency fluctuation risks arising from operating activities.&nbsp; The application of these instruments was primarily for currency hedging purposes and not for trading purposes.&nbsp; The Company uses Thai Baht forward foreign exchange contracts to reduce its exposure to foreign currency risk for liabilities denominated in foreign currency.&nbsp; A forward foreign exchange contract obligates the Company to exchange predetermined amounts of specified foreign currencies at specified exchange rates on specified dates or to make an equivalent U.S. dollar payment equal to the value of such exchange.&nbsp; Realized and unrealized gains and losses on foreign exchange contracts are included in consolidated statements of operations as foreign exchange gains or losses. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">11.3 Market Risks Relating to Copper</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Copper is the principal raw material we use, accounting for a majority portion of the cost of sales in 2011.&nbsp; We purchase copper at prices based on the average prevailing international spot market prices on the LME for copper for the one month prior to purchase.&nbsp; The price of copper is influenced heavily by global supply and demand as well as speculative trading.&nbsp; As with other costs of production, changes in the price of copper may affect our cost of sales.&nbsp; Whether this has a material impact on our operating margins and financial results depends primarily on our ability to adjust our selling prices to our customers, such that increases and decreases in the price of copper are reflected in those selling prices.&nbsp; The purchase price of our products is based in part on the cost of copper used to manufacture those products.&nbsp; In addition, in the ordinary course of business we maintain inventories of raw materials and finished products reasonably necessary for the conduct of our business.&nbsp; These inventories typically reflect the cost of copper prevailing in the market at the time we purchase.&nbsp; Most of our sales of Manufactured Products reflect copper prices prevailing at the time the products are ordered.&nbsp; A long-term decrease in the price of copper would require the Company to revalue the value of its inventory at periodic intervals to the then net realizable value, which could be below cost.&nbsp; Copper prices have been subject to considerable volatility and it is not always possible to manage our copper purchases and inventory so as to neutralize the impact of copper price volatility.&nbsp; Accordingly, significant volatility in copper prices could have an adverse effect on our operations.&nbsp; No assurance can be given that such volatility will not recur.&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In an effort to mitigate the market risks associated with volatility in copper pricing, from time to time the Company enters into copper purchase contracts in order to minimize fluctuations of its cost of copper.&nbsp; These instruments permit the Company to hedge its cost of copper for periods from 10 months to 12 months.&nbsp; These purchase contracts were entered into with the purpose of securing the source of the copper.&nbsp; The Company entered into certain copper purchase contracts with copper suppliers in 2011. &nbsp;All of the purchase contracts are still open as of the reporting date and with a latest due date of July 2012.</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">11.4 Fair Value of Designated Market-Sensitive Derivative Contracts</FONT></B></P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(Not applicable)</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 12:&#8195;Description of Securities Other Than Equity Securities</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(Not applicable)</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Part II</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 13:&#8195;Defaults, Dividend Arrearages and Delinquencies</FONT></B></P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company has experienced no material default in the payment of principal, interest, a sinking or purchase fund installment, or any other material default not cured within 30 days relating to the Company&#8217;s or any of its consolidated subsidiaries&#8217; indebtedness.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 14:&#8195;Material Modifications to the Rights of Security Holders and Use of Proceeds</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 21.3pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(Not applicable)</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 15:&#8195;Controls and Procedures</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Disclosure Controls and Procedures</FONT></I></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">An evaluation was carried out under the supervision and with the participation of our management, including the Chief Executive Officer (&#8220;CEO&#8221;) and Chief Financial Officer (&#8220;CFO&#8221;) of the effectiveness of our disclosure controls and procedures in accordance with the provisions of Rule&nbsp;13a-15 promulgated under the Securities Exchange Act of 1934, as amended. </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">B</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">ased upon that evaluation and for the reasons stated in the management&#8217;s report on internal control over financial reporting below, our management concluded that our disclosure controls and procedures were ineffective as of December&nbsp;31, 2011. </FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 14.9pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&nbsp;Management&#8217;s report on Internal Control over Financial Reporting </FONT></I></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined under Rule&nbsp;13a-15(f) under the Securities Exchange Act of 1934. </FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 12pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Based on the Company&#8217;s evaluation under the applicable framework issued by COSO, our management, including our CEO and&nbsp;CFO,&nbsp;concluded that a material weakness in the Company&#8217;s internal controls over financial reporting was identified.</FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In connection with the audit of our consolidated financial statements as of and for the year ended December&nbsp;31, 2011, our independent registered public accounting firm also determined the existence of a material weakness. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the registrant&#8217;s annual or interim financial statements will not be prevented or detected on a timely basis by the company&#8217;s internal controls.</FONT></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&nbsp;Deficiencies were noted in our controls over complex and non-routine transactions in our financial statement closing process, including the accounting of revenue recognition under bill-and-hold arrangements and consignment arrangement whereby the revenue was inappropriately recognized; the calculation and recording of income tax, deferred tax assets (and the related valuation allowance), inventory and related impairment accounts, and the misclassification of a number of intercompany balances. These deficiencies were attributable to our decentralized reporting structure, our complex and manual consolidation process and inadequate reviews over account balances at the reporting date. The aggregate effect of these deficiencies represented a material weakness. Based on this assessment, the Company&#8217;s management, including its CEO and CFO, concluded that the Company&#8217;s internal control over financial reporting was ineffective as of December 31, 2011.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Management is in the process of implementing remedial measures to address this material weakness in 2012, including:</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1) engaging qualified accounting professionals with in-depth experience in U.S. GAAP and SEC reporting requirements as well as local GAAP at subsidiary level to ensure local financial information on the reporting package is compliant with US GAAP;</FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2) improving communications between local subsidiaries&#8217; finance team and local external auditors on existing and new U.S. GAAP issues before submitting U.S. GAAP package to headquarters; and</FONT></P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">78</P>

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<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3) arranging regular constructive training sessions on an ongoing basis&nbsp;for the accounting personnel of headquarters&#8217; finance team that cover a broad range of accounting and financial reporting topics and tightening the operation of internal controls in the financial statement closing process to ensure account balances are timely and adequately reviewed.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Changes in internal control over financial reporting</FONT></I></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 21.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Except for the remedial measures described above, there were no changes in our internal control over financial reporting, identified in connection with the evaluation of such internal control that occurred during the last fiscal year, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 16A.&#8195;Audit Committee Financial Expert</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">During 2010 and until April 29, 2011, the Common Shares of the Company were traded on the over-the-counter bulletin board (&#8220;OTCBB&#8221;).&nbsp; As of April 29, 2011, the Common Shares of the Company trade on NASDAQ Capital market tier.&nbsp; While the Company&#8217;s Common Shares were traded on the OTCBB, the Company was not required to have an audit committee that met the requirements of, nor was it required to have an audit committee financial expert as contemplated by, Regulation 10A-3 under the Exchange Act.&nbsp; During those periods of time when the Company did not have any independent directors, our full Board of Directors fulfilled the functions of an audit committee pursuant to Section 3(a)(58)(B) of the Exchange Act.&nbsp; On September 28, 2007, our Board appointed Mr. Anson Chan and Dr. Yichin Lee as independent directors to fill the two casual vacancies on the Board, and on March 17, 2011, a third independent Director &#8211; Dr. Lambert L. Ding was appointed, to constitute the members of the Audit Committee, with Mr. Chan serving as the Audit Committee&#8217;s chairman and financial expert.&nbsp; The Audit Committee of the Company&#8217;s Board of Directors now meets the requirements set forth in Regulation 10A-3 under the Exchange Act and under the rules of NASDAQ.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 16B.&#8195;Code of Ethics</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">On April 26, 2005, the Company adopted a code of ethics applicable to its Chief Executive Officer and senior financial officers.&nbsp; A copy of the Company&#8217;s code of ethics for senior executives is on file with the SEC.&nbsp; </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 16C.&#8195;Principal Accountant Fees and Services</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Audit Fees</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The aggregate fees billed for fiscal years 2011 and 2010 for professional services rendered by the principal accountant for the audit of the Company&#8217;s annual financial statements totaled $0.9 million and $0.9 million, respectively. </FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Audit-Related Fees</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">No fees were billed for fiscal year 2011 or 2010 for assurance and audit-related services by the principal accountant other than as included in the figures provided in the preceding paragraph.</FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> &nbsp;</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Tax Fees</FONT></I></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The aggregate fees billed for fiscal years 2011 and 2010 for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning totaled approximately $34,000 and $121,000 respectively.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">All Other Fees</FONT></I></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">There were no other fees billed for fiscal year 2011 or 2010 for products and services provided by the principal accountant, or other than those services described in the preceding paragraphs of this Item 16C.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Audit Committee Approval</FONT></I></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The engagement of the accountant to render audit, audit-related and non-audit services is entered into pursuant to pre-approval policies and procedures established in the Charter of the Audit Committee of the Company.&nbsp; Each of the services described in this Item 16C was approved by the Audit Committee.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 16D.&#8195;Exemptions from the Listing Standards for the Audit Committees</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Audit Committee of the Company&#8217;s Board of Directors consists of three directors, each of whom is independent, as such term is defined in Regulation 10A-3 promulgated under the Exchange Act, and one of whom is a financial expert.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 16E.&#8195;Purchases of Equity Securities by the Issuer and Affiliated Purchasers</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">During 2011, there were no purchases of equity securities made by or on behalf of the Company or any &#8220;affiliated purchaser&#8221; for the purposes of this Item 16E. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 16F.&#8195;Change in Registrant&#8217;s Certifying Accountant</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">(Not applicable)</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 16G.&nbsp;&nbsp;&nbsp; Corporate Governance</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Common Shares of the Company are traded on the NASDAQ Capital Markets tier.&nbsp; However, as the Company has a more than fifty percent (50%) shareholder, the Company is entitled to rely upon a &#8220;controlled company exemption&#8221; that exempts it from having a board of directors comprised of a majority of independent directors.&nbsp; At present, a majority of the board of directors of the Company is affiliated with PEWC.&nbsp; The Company also relies on the NASDAQ&#8217;s allowance for Foreign Private Issuers to follow home country practices in lieu of the requirement that listed companies have regularly scheduled meetings at which only independent directors are present (&#8220;executive sessions&#8221;).&nbsp; The independent directors of the Company meet periodically in executive session in their capacity as members of the Audit Committee of the Board of Directors of the Company without other Directors present, but on occasion meet with the independent auditors of the Company present in such executive session.&nbsp; These are the only material differences between the Company&#8217;s corporate governance practices and the corporate governance practices set forth for domestic companies under the NASDAQ rules on the subject matter.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Item 16H.&nbsp;&nbsp;&nbsp; Mine Safety Disclosure</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Not applicable)</FONT></P></DIV>

<P style="TEXT-ALIGN: center">80</P>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Part III</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 17:&#8195;Financial Statements</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><STRONG></STRONG>&nbsp;</P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Company has elected to provide the financial statements and related information specified in Item 18 in lieu of Item 17.</FONT></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 18:&#8195;Financial Statements</FONT></B></P>

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<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">See pages&nbsp;F-1 &#8211; F-50</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">.&nbsp;</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Item 19:&#8195;Exhibits </FONT></B></P>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">19.1&nbsp;</FONT></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Index to Audited Financial Statements </FONT></B></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Reports of independent registered accounting firms</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Consolidated balance sheets as of December 31, 2010 and 2011</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Consolidated statements of operations for the years ended December 31, 2009, 2010 and 2011</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Consolidated statements of shareholders&#8217; equity for the years ended December 31, 2009, 2010 and 2011</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Consolidated statements of cash flows for the years ended December 31, 2009, 2010 and 2011</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Notes to consolidated financial statements</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">19.2</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 6pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Index to Exhibits</FONT></B></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="franklin gothic book,sans-serif"></FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">3.1&nbsp;</FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Memorandum of Association of Asia Pacific Wire &amp; Cable Corporation Limited (incorporated by reference to Exhibit 1.1 of the Company&#8217;s annual report on Form 20-F filed with the Securities and Exchange Commission on June 21, 2001).</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="franklin gothic book,sans-serif"></FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">
   <A href="exhibit32.htm">3.2&nbsp;</A></FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">
   <A href="exhibit32.htm">Third Amended and Restated Bye-Laws of Asia Pacific Wire &amp; Cable Corporation Limited (filed herein).</A></FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="franklin gothic book,sans-serif"></FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">4.1&nbsp;</FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Amended and Restated Shareholders&#8217; Agreement dated March 27, 2009 (incorporated by reference to Exhibit 3.4 of the Company&#8217;s Post-Effective Amendment No. 1 to Form F-1 filed with the Securities and Exchange Commission on April 2, 2009).</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">4.2</FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Shareholders&#8217; Agreement Joinder dated as of July&nbsp;1, 2011</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(incorporated by reference to Exhibit 3.5 of the Company&#8217;s Post-Effective Amendment No. 8 to Form F-1 on Form F-3 filed with the Securities and Exchange Commission on August 31, 2011).</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.3</FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Agreement for the Sale and Purchase of (i) Shares in Crown Century Holdings Limited and (ii) Shareholder&#8217;s Loan (incorporated by reference to Exhibit 5.1 of the Company&#8217;s annual report on Form 20-F filed with the Securities and Exchange Commission on July 1, 2002).</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.4</FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Settlement Agreement between Asia Pacific Wire &amp; Cable Corporation, Ltd. and Sino-JP Fund Co., Ltd. (incorporated by reference to Exhibit 4.5 of the Company&#8217;s annual report on Form 20-F filed with the Securities and Exchange Commission on November 9, 2007).</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">10.1</FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">Composite Services Agreement (incorporated by reference to Exhibit 10.1 of the Company&#8217;s Form F-1 filed with the Securities and Exchange Commission on November 13, 1996).</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">10.2</FONT></P>

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Summaries of Joint Venture Agreements (incorporated by reference to Exhibit 10.7 of the Company&#8217;s Amendment No. 1 to Form F-1 filed with the Securities and Exchange Commission on November 26, 2008).</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">10.3</FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Loan Facility Agreement between Crown Century Holdings Limited and Bangkok Bank Public Company Limited dated March 17, 2011 </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(incorporated by reference to Exhibit 10.8 of the Company&#8217;s Post-Effective Amendment No. 8 to Form F-1 on Form F-3 filed with the Securities and Exchange Commission on August 31, 2011).</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">14</FONT></P></TD>

   <TD style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="85%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">Code of Ethics </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">(incorporated by reference to Exhibit 11 of the Company&#8217;s annual report on Form 20-F filed with the Securities and Exchange Commission on November 9, 2007).</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">15(a)</FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">Amended and Restated Audit Committee Charter</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">(</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#000000 face="Times New Roman">incorporated by reference to Exhibit 16.G of the Form 20-F filed on May 13, 2011.</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">21</FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">List of significant subsidiaries (see Note 1 to the consolidated financial statements).</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
   <A href="exhibit311.htm">31.1</A></FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
   <A href="exhibit311.htm">Certification of Chief Executive Officer of the Company, pursuant to Section 302 of the Sarbanes-Oxley Act.</A></FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
   <A href="exhibit312.htm">31.2</A></FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
   <A href="exhibit312.htm">Certification of Chief Financial Officer of the Company, pursuant to Section 302 of the Sarbanes-Oxley Act.</A></FONT></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
   <A href="exhibit321.htm">32.1</A></FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt">
   <A href="exhibit321.htm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Certification by Chief</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> Executive Officer of periodic financial report pursuant to 18 U.S.C. Section 1350, as mandated by Section 906 of the Sarbanes-Oxley Act.</FONT></A></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">
   <A href="exhibit322.htm">32.2</A></FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt">
   <A href="exhibit322.htm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Certification by Chief Financial Officer of periodic financial report pursuant to 18 U.S.C. Section 1350, as ma</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">ndated by Section 906 of the Sarbanes-Oxley Act.</FONT></A></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">101</FONT></P></TD>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Interactive Data Files submitted pursuant to Rule 405 under Regulation S-T.</FONT></P></TD></TR></TABLE></DIV></DIV>

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<P style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">SIGNATURE</FONT></B></P>

<P style="TEXT-INDENT: 20.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant certifies that it meets all of the requirements for filing on Form 20-F and has duly caused this Annual Report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">ASIA PACIFIC WIRE &amp; CABLE</FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"><BR></FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">CORPORATION LIMITED</FONT></B></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Date:&nbsp;April 30,</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> 2012</FONT></P></TD>

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   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="franklin gothic book,sans-serif"></FONT>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">/s/ Yuan Chun Tang</FONT></P></DIV></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Yuan Chun Tang</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Chief Executive Officer</FONT></P></TD></TR></TABLE></DIV>

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<P style="MARGIN: 0cm 1pt 0pt 0cm"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>

<P style="MARGIN: 0cm 5.75pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></P><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>

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   <P style="MARGIN: 0cm 5.75pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Audited Financial Statements</FONT></P>

   <P style="MARGIN: 0cm 5.75pt 0pt 0cm"><FONT style="FONT-VARIANT: small-caps" face="times new roman"><FONT style="LINE-HEIGHT: 35pt; FONT-SIZE: 15pt" lang=EN-US face="times new roman">Asia Pacific Wire &amp; Cable Corporation Limited</FONT></FONT></P>

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   <P style="MARGIN: 0cm 5.75pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31, 2010 and 2011</FONT></P>

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   <P style="MARGIN: 0cm 5.75pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Years ended December 31, 2009, 2010 and 2011</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">INDEX TO FINANCIAL STATEMENTS</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">CONTENTS</FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Report of independent registered public accounting firms</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">F-2</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Consolidated balance sheets as of December 31, 2010 and 2011</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Consolidated statements of operations for the years ended </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">December 31, 2009, 2010 and 2011</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Consolidated statements of shareholders&#8217; equity for the years ended </FONT>December 31, 2009, 2010 and 2011</P></FONT></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Consolidated statements of cash flows for the years ended </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">December 31, 2009, 2010 and 2011</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Notes to consolidated financial statements</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">F-9</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center">F-1</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Board of Directors and Shareholders of Asia Pacific Wire &amp; Cable Corporation Limited: </FONT></P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">We have audited the accompanying consolidated balance sheets of Asia Pacific Wire &amp; Cable Corporation Limited (the &#8220;Company&#8221;) and subsidiaries as of December 31, 2011 and 2010, and the related consolidated statements of operations, shareholders&#8217; equity, and cash flows for each of the three years in the period ended December 31, 2011. These financial statements are the responsibility of the Company&#8217;s management. Our responsibility is to express an opinion on these financial statements based on our audits.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Company&#8217;s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company&#8217;s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation.&nbsp; We believe that our audits provide a reasonable basis for our opinion.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Asia Pacific Wire &amp; Cable Corporation Limited and subsidiaries at December 31, 2011 and 2010, and the consolidated results of their operations and their cash flows for each of the three years in the period ended December 31, 2011, in conformity with U.S. generally accepted accounting principles.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Ernst &amp; Young</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Hong Kong SAR</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">April 30, 2012</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">CONSOLIDATED BALANCE SHEETS </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of US Dollars, except share data)</FONT></P>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31 </FONT></B></P></TD></TR>

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-JUSTIFY: inter-ideograph; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2011</FONT></B></P></DIV></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -9.9pt; MARGIN: 0cm 0cm 0pt 12.9pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">ASSETS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

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   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 13pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Current assets:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Cash and cash equivalents</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 63,217</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 76,672</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unrestricted short-term bank deposits (note 5)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,529</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Restricted short-term bank deposits (note 5)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">17,422</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">12,024</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -16.5pt; MARGIN: 0cm 0cm 0pt 33pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Accounts receivable, net of allowance for doubtful accounts of $6,886 and $4,614 at December 31, 2010 and 2011, respectively (note 10)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">144,454</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">98,329</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Amounts due from related parties (note 17)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">8,246</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,227</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -16.5pt; MARGIN: 0cm 0cm 0pt 33pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Inventories (note 10)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 33pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Distributed products</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="Times New Roman">639 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="Times New Roman">2,243 </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 33pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Finished products</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="Times New Roman">32,781</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="Times New Roman">35,786</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 33pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Consignment inventory</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">3,051</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 33pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Work-in-progress</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="Times New Roman">19,108 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="Times New Roman">16,434 </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 33pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Raw materials and supplies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="Times New Roman">30,401 </FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="Times New Roman">24,552</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">85,980</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">79,015</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Deferred tax assets (note 11)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,320</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,185</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Prepaid expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,514</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">7,157</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Other current assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,308</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">2,559</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 13pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Total current assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">329,461</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">288,697</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 0cm 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Property, plant and equipment:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Land</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,291</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,964</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Land use rights</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,999</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,900</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Buildings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">50,199</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">49,749</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Machinery and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">126,906</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">118,984</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Motor vehicles</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,431</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,203</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Office equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,915</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,675</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Construction in progress</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">212</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,547</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">197,953</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">191,022</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Accumulated depreciation and amortization </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(154,052)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(148,108)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">43,901</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">42,914</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 0cm 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Investments (note 7)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">744</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">618</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 13pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Investments in equity investees (note 21)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,242</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,435</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 13pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Goodwill (note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">8,801</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 13pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Other assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">97</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">108</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 13pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Deferred tax assets (note 11)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">677</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">517</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 13pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">13,561</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,678</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 13pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 13pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 13pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 386,923</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 337,289</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The accompanying notes are an integral part of these consolidated financial statements. </FONT></P>

<P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-3</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_90"></A>

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<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">CONSOLIDATED BALANCE SHEETS&nbsp;(continued)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of US Dollars, except share data)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<DIV align=center>

<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 8.6pt 0pt 10pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 4.7pt 0pt 0cm" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">December 31,</FONT></B></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 8.6pt 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 38.55pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 33.05pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2011</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 8.6pt 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -5pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">LIABILITIES AND SHAREHOLDERS&#8217; EQUITY</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -5pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Current liabilities:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16pt; MARGIN: 0cm 8.6pt 0pt 3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Bank loans and overdrafts (note 8)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 67,351</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 52,813</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16pt; MARGIN: 0cm 8.6pt 0pt 3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Accounts payable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 1.85pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">41,989</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">22,148</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16pt; MARGIN: 0cm 8.6pt 0pt 3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Accrued expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">13,197</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">10,737</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16pt; MARGIN: 0cm 8.6pt 0pt 3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Amounts due to related parties (note 17)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">17,140</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">14,693</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16pt; MARGIN: 0cm 0pt 0pt 3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Short-term loans from the immediate holding company (note 17)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">1,732</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">1,732</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16pt; MARGIN: 0cm 8.6pt 0pt 3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Income tax liabilities (note 11)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">10,627</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">9,835</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16pt; MARGIN: 0cm 8.6pt 0pt 3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Other current liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.95pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,772</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">5,783</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -5.1pt; MARGIN: 0cm 8.6pt 0pt 13pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Total current liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">158,808&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">117,741&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -5.1pt; MARGIN: 0cm 8.6pt 0pt 13pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Non-current liabilities:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Other non-current liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">822&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,678&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Deferred tax liabilities (note 11)&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.95pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,581</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,181</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Total non-current liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.95pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,403</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,859</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Total liabilities </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.95pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">161,211</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">122,600</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.15pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 11.15pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 11.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 11.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Commitments and contingencies (notes 13)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"> &nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">APWC shareholders&#8217; equity:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Common stock, $0.01 par value:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -8.75pt; MARGIN: 0cm 8.6pt 0pt 33.65pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Authorized shares of 50,000,000 shares at December 31, 2010 and 2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Issued and outstanding shares &#8211; 13,830,769 shares (note 9)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">138</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">138</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Additional paid-in capital</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">111,541</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">111,541</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Retained earnings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 0.95pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">40,229</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">34,545</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 16pt; MARGIN: 0cm 8.6pt 0pt 3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Accumulated other comprehensive income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.95pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,286</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">286</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Total APWC shareholders&#8217; equity </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.95pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">153,194</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">146,510</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Non-controlling interests</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.95pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">72,518</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">68,179</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Total shareholders&#8217; equity</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.95pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">225,712</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">214,689</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 8.6pt 0pt 12.9pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">Total liabilities and shareholders&#8217; equity</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 11pt; MARGIN: 0cm 0pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 386,923</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 11pt; MARGIN: 0cm 0pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 337,289</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The accompanying notes are an integral part of these consolidated financial statements.</FONT></P>

<P style="MARGIN: 0cm 5.75pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 5.75pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=center>&nbsp;</DIV></DIV>

<P style="TEXT-ALIGN: center">F-4</P>

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<P style="MARGIN: 0cm 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</FONT></P>

<P></P>

<P></P>

<P style="MARGIN: 0cm 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">CONSOLIDATED STATEMENTS OF OPERATIONS </FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(In thousands of US Dollars, except share data)</FONT></P>

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<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.5pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 0cm 0pt 9.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" colSpan=3>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 72.05pt; MARGIN: 0cm" align=left><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Year ended December 31,</FONT></B></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.5pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 0cm 0pt 9.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2009</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2011</FONT></B></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.5pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 0cm 0pt 9.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.5pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="TEXT-INDENT: -9.9pt; MARGIN: 0cm 0cm 0pt 9.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net sales</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -13.5pt; MARGIN: 0cm 0cm 0pt 22.3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Manufactured products (including sales to related parties amounting to $4,144, $3,806 and $3,663 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17)) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 264,128</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 396,059</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 429,474</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.7pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 7.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Distributed products</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">28,102</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">26,935</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">25,500</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: 7.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Supply, delivery and installation of wires and cables </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">34,008</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">23,600</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">16,972</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: 7.2pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">326,238</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">446,594</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">471,946</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -21.15pt; MARGIN: 0cm 0cm 0pt 21.15pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Costs of sales </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -14.25pt; MARGIN: 0cm 0cm 0pt 27.05pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Manufactured products </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(including purchases from related parties amounting to $36,327, $45,925 and $46,953</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman"> for the years ended December 31, </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">2009, 2010 and 2011, respectively (note 17))</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(249,840)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(342,630)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(386,598)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -11.5pt; MARGIN: 0cm 0cm 0pt 24.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Distributed products (including purchases from related parties amounting to $23,458, $4,056 and $7,484 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17))</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(26,585)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(25,557)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(22,545)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: 7.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Supply, delivery and installation of wires and cables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(33,119)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(23,358)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(16,915)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: 7.2pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Inventory impairment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">23,949 </FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,974</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(1,993)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(285,595)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(389,571)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(428,051)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Gross profit</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">40,643</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">57,023</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">43,895</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Selling, general and administrative expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(24,259)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(28,965)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(30,760)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Recovery for doubtful accounts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">108</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">940</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,487</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Impairment of long-lived assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(77)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Impairment of investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(346)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Impairment of goodwill (note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(8,791)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 19.85pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Charges related to flooding (note 14)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(3,947)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -4pt; MARGIN: 0cm 0cm 0pt 4pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Income from operations </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 4.5pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">16,415</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 4.5pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">28,652</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,884</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Exchange gain (loss), net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">507</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">3,041</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(1,346)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Interest income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">458</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">492</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,409</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Interest expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(1,597)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(1,364)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(2,217)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Share of net loss of equity investees</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(40)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(21)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(58)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=black face="times new roman">Gain on liquidation of subsidiaries </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">568</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=#000000 face="times new roman">Loss on disposal of available-for-sale securities (note 7) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(68)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=#000000 face="times new roman">Other income, net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">2,111</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">1,032</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">1,032</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Income from continuing operations before income taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">18,422</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">31,832</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">636</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Income taxes (note 11)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(4,647)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(6,441)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(4,566)</FONT></P></DIV></TD></TR>

<TR style="HEIGHT: 18.15pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net income (loss) from continuing operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">13,775</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">25,391</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(3,930)</FONT></P></TD></TR>

<TR style="HEIGHT: 18.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Discontinued operations (note 19)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><B><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><B><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><B><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 2.85pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.45pt; MARGIN: 0cm 0cm 0pt 20.45pt"><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 2.85pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.45pt; MARGIN: 0cm 0cm 0pt 20.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Income from operations of discontinued SPFO (including gain on disposal of $1,962 for the year ended December 31, 2011, purchases from related parties amounting to $nil, $4 and $317, and sales to related parties amounting to $nil, $54 and $693 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17))</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">1,150</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">446</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">1,075</FONT></P></TD></TR>

<TR style="HEIGHT: 18.15pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Income taxes </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(697)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(450)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(229) </FONT></P></DIV></TD></TR>

<TR style="HEIGHT: 18.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(Loss) Income from discontinued operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">453</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(4)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">846</FONT></P></TD></TR>

<TR style="HEIGHT: 18.15pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net income (loss)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">14,228</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">25,387</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(3,084)</FONT></P></DIV></TD></TR>

<TR style="HEIGHT: 21.25pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 21.25pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -22.5pt; MARGIN: 0cm 0cm 0pt 22.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="TEXT-INDENT: -22.5pt; MARGIN: 0cm 0cm 0pt 22.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net income attributable to non-controlling interests</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 21.25pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">4,139</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 21.25pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">11,247</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 21.25pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2,355</FONT></P></TD></TR>

<TR style="HEIGHT: 21.85pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 21.85pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="TEXT-INDENT: -20.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Income (loss) attributable to APWC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 21.85pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 10,089</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 21.85pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 14,140</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 21.85pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (5,439)</FONT></P></DIV></TD></TR></TABLE></DIV>

<DIV align=center>&nbsp;</DIV></DIV>

<P style="TEXT-ALIGN: center">F-5</P>

<HR align=center SIZE=2 width="100%" noShade>



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<P><A name="page_7"></A></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">CONSOLIDATED STATEMENTS OF OPERATIONS (continued)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(In thousands of US Dollars, except share data)</FONT></P>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=center>&nbsp;</DIV>

<DIV align=center>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="45%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Year ended December 31,</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 22.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2009</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 27.05pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2010</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 27.05pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2011</FONT></B></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 2.85pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -20.95pt; MARGIN: 0cm 0cm 0pt 20.85pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Basic and diluted earnings (loss) per share from continuing operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 0.71</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="TEXT-INDENT: 4.5pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 1.02</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="TEXT-INDENT: 4.5pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (0.49)</FONT></P></TD></TR>

<TR style="HEIGHT: 2.85pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Basic and diluted earnings (loss) per share from discontinued operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 40.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">0.02</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 36pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(0.00)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 2.85pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 40.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">0.10</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Basic and diluted earnings (loss) per share</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 0.73</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 4.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 1.02</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 4.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (0.39)</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Basic and diluted weighted average&nbsp;common shares outstanding</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 13.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">13,830,769</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">13,830,769</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">13,830,769</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">The accompanying notes are an integral part of these consolidated financial statements.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-6</P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</FONT></P>

<P></P>

<P></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">CONSOLIDATED STATEMENTS OF SHAREHOLDERS&#8217; EQUITY</FONT></P>

<P></P>

<P></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of US Dollars, except share data)</FONT></P></DIV>

<DIV align=left>&nbsp;</DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 3.5pt; MARGIN: 0cm 5pt 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Common</FONT></P>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 3.5pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Stock</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 3.5pt; MARGIN: 0cm 5pt 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Additional</FONT></P>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 3.5pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">paid-in capital</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 3.5pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 3.5pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Retained</FONT></P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 3.5pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">earnings</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 3.3pt; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 8.5pt" lang=EN-US face="times new roman">Accumulated other</FONT></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 3.3pt; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 8.5pt" lang=EN-US face="times new roman">comprehensive</FONT></P>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0cm; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 3.3pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 8.5pt" lang=EN-US face="Times New Roman">(loss) income</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 3.5pt; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Total </FONT></P>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0cm; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 3.5pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">APWC shareholders&#8217; equity</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 3.5pt; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Non-controlling</FONT></P>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 3.5pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">interests</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 3.5pt; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Total</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Shareholders&#8217;</FONT></P>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0cm; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 3.5pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">equity</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 3.5pt; MARGIN: 0cm 5pt 0cm 0pt"><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 3.5pt; MARGIN: 0cm 5pt 0cm 0pt"><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 3.5pt; MARGIN: 0cm 5pt 0cm 0pt"><I><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 3.5pt; MARGIN: 0cm 5pt 0cm 0pt"><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 3.5pt; MARGIN: 0cm 5pt 0cm 0pt"><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 3.5pt; MARGIN: 0cm 5pt 0cm 0pt"><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 3.5pt; MARGIN: 0cm 5pt 0cm 0pt"><FONT style="LINE-HEIGHT: 7pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.15pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 8.5pt" lang=EN-US face="times new roman">Balance at January 1, 2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 138</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 111,541</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 15,819</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (13,369)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 114,129</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 48,578</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 162,707</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Comprehensive income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><I><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: 1.6pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">10,089</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">10,089</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">4,139</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">14,228</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -14.15pt; MARGIN: 0cm 0cm 0pt 15.85pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Currency translation adjustment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">3,177</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">3,177</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2,483</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">5,660</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="LINE-HEIGHT: 11pt; MARGIN: 0cm 0cm 0pt 15.85pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="times new roman">Pension liability adjustments (note 18)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(4)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(4)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="LINE-HEIGHT: 9pt; MARGIN: 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(4)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -17.35pt; MARGIN: 0cm 0cm 0pt 19.05pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Unrealized loss on sale of available-for- sale securities &#8211; net of income tax expense of $18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">1</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Comprehensive income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">13,263</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">6,622</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">19,885</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -8.4pt; MARGIN: 0cm 0cm 0pt 3pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 8.5pt" lang=EN-US face="times new roman">Balance at December 31, 2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">138</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">111,541</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">25,908</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(10,195)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">127,392</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">55,200</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">182,592</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Comprehensive income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">14,140</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">14,140</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">11,247</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">25,387</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -22.4pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Currency translation adjustment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">12,027</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">12,027</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">6,064</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">18,091</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="30%">

   <P style="TEXT-INDENT: -22.3pt; MARGIN: 0cm 0cm 0pt 16.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Pension liability adjustments (note 18)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(472)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(472)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(472)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -22.4pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Increase in shareholding in a subsidiary </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">181 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">181</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(181)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>

<TR style="HEIGHT: 22.5pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 22.5pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -22.4pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Transfer to impairment of investment &#8211; unrealized loss on sale of available-for-sales securities, net of income tax of $84</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 22.5pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 22.5pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 22.5pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><I><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 22.5pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(74) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 22.5pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(74)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 22.5pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">188</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 22.5pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">114</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Comprehensive income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">25,802</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">17,318</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">43,120</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 0cm 0pt 0pt">&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.15pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 8.5pt" lang=EN-US face="times new roman">Balance at December 31, 2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">138</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">111,541</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">40,229</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,286</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">153,194</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">72,518</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">225,712</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Comprehensive loss</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net loss</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(5,439) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(5,439)</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"> &nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">2,355</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(3,084) </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -22.4pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Currency translation adjustment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(931)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(931) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(2,795)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(3,726) </FONT></P></TD></TR>

<TR style="HEIGHT: 17.45pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 17.45pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -8.8pt; MARGIN: 0cm 0pt 0pt 3.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Pension liability adjustments </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(note 18)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 17.45pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 17.45pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 17.45pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 17.45pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(69) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 17.45pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(69) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 17.45pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 17.45pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(69) </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -22.4pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Unrealized loss of available-for-sale securities </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(68)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">(68)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(68)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -22.4pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Reclassification of unrealized loss of available-for-sale securities upon disposal </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">68</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">68</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">68</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -22.4pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Increase in shareholding in a subsidiary </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(245)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(245) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">245</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -22.25pt; MARGIN: 0cm 0cm 0pt 16.85pt"><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Dividend paid to non-controlling shareholders of subsidiaries </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(3,195)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(3,195)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Disposal of a subsidiary</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="TEXT-INDENT: 49.5pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(949)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(949)</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Comprehensive loss</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="TEXT-INDENT: 13.5pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(6,684)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 9pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(4,339)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(11,023)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.4pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 4pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-INDENT: -4.15pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 8.5pt" lang=EN-US face="times new roman">Balance at December 31, 2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 138</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 111,541</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 34,545</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 286</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 4.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 146,510</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 68,179</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 214,689</FONT></P></DIV></TD></TR>

<TR>

   <TD width="30%">&nbsp;</TD>

   <TD width="10%">&nbsp;</TD>

   <TD width="10%">&nbsp;</TD>

   <TD width="10%">&nbsp;</TD>

   <TD width="10%">&nbsp;</TD>

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   <TD width="10%">&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">The accompanying notes are an integral part of these consolidated financial statements. </FONT></P>

<DIV align=center>&nbsp;</DIV></DIV>

<P style="TEXT-ALIGN: center">F-7</P>

<HR align=center SIZE=2 width="100%" noShade>



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<P><A name="page_9"></A></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">CONSOLIDATED STATEMENTS OF CASH FLOWS</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of US Dollars, except share data)</FONT></P>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=center>&nbsp;</DIV>

<DIV align=center>

<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="45%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 4.6pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Year ended December 31,</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 4.5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2009</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2010</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2011</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Operating activities:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net income (loss)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">$ 14,228</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">$ 25,387</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">$ (3,084)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Adjustments to reconcile net income (loss) to net </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: -11.8pt; MARGIN: 0cm 0cm 0pt 17.3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">cash provided (used in) by operating activities:&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 20pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Loss (gain) on disposal of property, plant and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(93)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(158)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Loss on disposal of available-for-sale securities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">68</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Depreciation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">8,941</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">6,857</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">6,462</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Deferred income taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">1,196</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(213)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(2,273)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Recovery for doubtful accounts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(860)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(1,317)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(1,555)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Inventory impairment </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(23,949)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(1,974)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">1,993</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Share of net loss of equity investees</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">58</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Impairment of long-lived assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">77</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Impairment of investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">346</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Impairment of goodwill</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">8,791</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Gain on liquidation of subsidiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(568)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Gain on disposal of a subsidiary</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(1,962)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Pension liability adjustments </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(4)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">1</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Unrealized foreign exchange difference, net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">623</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(284)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">974</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Changes in operating assets and liabilities </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Accounts receivable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(552) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(31,779)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">34,052</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Inventories</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">30,069</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(8,595)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(5,539)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Other current assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">2,470</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(1,510)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(7,508)</FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 6pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Amounts due to related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(7,303)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(4,026)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">580</FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 6pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Other long term assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">740</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">1,165</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(343)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Accounts payable, accrued expenses and other liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(6,747)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">13,365</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(7,933)</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net cash provided by (used in) operating activities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">18,407</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(2,636)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">22,624</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Investing activities:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: 21.7pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Placement of unrestricted short-term bank deposits to financial </FONT></P>

   <P style="TEXT-INDENT: 40.05pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">institutions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(2,625)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: 21.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Maturity of unrestricted short-term bank deposits from financial </FONT></P>

   <P style="TEXT-INDENT: 39.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">institutions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">7,786</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="times new roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="times new roman">&#8722;</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: 21.7pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Placement of restricted short-term bank deposits to financial </FONT></P>

   <P style="TEXT-INDENT: 40.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">institutions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(2,251)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="times new roman">(12,638)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(13,906)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="TEXT-INDENT: 21.15pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Maturity of restricted short-term bank deposits from financial </FONT></P>

   <P style="TEXT-INDENT: 40.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">institutions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">4,656</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-GB face="times new roman">9,696</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">11,326</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Purchases of property, plant and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(3,260)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(3,653)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(8,888)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Proceed from disposal of an available-for-sale securities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">24</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Proceeds from disposal of property, plant and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">153</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">147</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">165</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Decrease in investment in equity investees </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">800</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">&#8722;</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net cash provided by (used in) investing activities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">7,884</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(6,448)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(13,904)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Financing activities:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Dividend paid during the year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="times new roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="times new roman">&#8722;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="times new roman">(3,195)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.05pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 16.05pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Repayments of bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 16.05pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(30,733)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 16.05pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(19,608)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 16.05pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(22,503)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: 19.8pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Proceeds from bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">9,023</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-GB face="Times New Roman">46,021</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">31,319</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net cash (used in) provided by financing activities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">(21,710)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">26,413</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">5,621</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Effect of exchange rate changes on cash and cash equivalents</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(557)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">4,354</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(886)</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="TEXT-INDENT: -10.15pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Net increase in cash and cash equivalents</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="TEXT-INDENT: 4.5pt; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">4,024</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">21,683</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">13,455</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Cash and cash equivalents at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">37,510</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">41,534</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">63,217</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Cash and cash equivalents at end of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 41,534</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 63,217</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 76,672</FONT></P></DIV></TD></TR>

<TR height=20>

   <TD width="55%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Supplemental disclosure of cash flow information: </FONT></P></TD>

   <TD vAlign=top width="15%" align=right></TD>

   <TD vAlign=top width="15%" align=right></TD>

   <TD vAlign=top width="15%" align=right></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #cceeff; TEXT-INDENT: 4.5pt">

   <P style="TEXT-INDENT: 4.5pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=#000000 face="times new roman">Cash paid for interest </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right>

   <P style="LINE-HEIGHT: 11pt; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=#000000 face="times new roman">$ </FONT></B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=#000000 face="times new roman">2,918&nbsp;</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=#000000 face="times new roman">$ 2,056</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=#000000 face="times new roman">$ 1,861</FONT></P></TD></TR>

<TR>

   <TD style="TEXT-INDENT: 4.5pt">

   <P style="TEXT-INDENT: 4.5pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=#000000 face="times new roman">Cash paid for income taxes</FONT></P></TD>

   <TD vAlign=top align=right>

   <P style="LINE-HEIGHT: 11pt; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=#000000 face="times new roman">1,900&nbsp;</FONT></P></TD>

   <TD vAlign=top align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=#000000 face="times new roman">3,547</FONT></P></TD>

   <TD vAlign=top align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US color=#000000 face="times new roman">7,412</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">The accompanying notes are an integral part of these consolidated financial statements.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-8</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt">&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ORGANIZATION AND PRINCIPAL ACTIVITIES</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asia Pacific Wire &amp; Cable Corporation Limited (&#8220;APWC&#8221; or the &#8220;Company&#8221;), which is a subsidiary of Pacific Electric Wire &amp; Cable Co., Ltd. (&#8220;PEWC&#8221;), a Taiwanese company, was incorporated as an exempted company in Bermuda on September 19, 1996 under the Companies Act 1981 of Bermuda (as amended) for the purpose of acting as a holding company. The Company is principally engaged in owning operating companies engaged in the power cable, telecommunication cable, enameled wire and electronic cable industry.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company&#8217;s operating subsidiaries (the &#8220;Operating Subsidiaries&#8221;) are engaged in the manufacturing and distribution of telecommunications, power cable and enameled wire products in Singapore, Thailand, Australia, the People&#8217;s Republic of China (&#8220;PRC&#8221;) and other markets in the Asia Pacific region. Major customers of the Operating Subsidiaries include government organizations, electric contracting firms, electrical dealers, and wire and cable factories. The Company&#8217;s Operating Subsidiaries also engage in the distribution of certain wire and cable products manufactured by PEWC and third parties. In certain markets, the Company also provides project engineering services to customers through its SDI (Supply, Delivery and Installation) business segment. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company was listed on the New York Stock Exchange in March 1997. On December 24, 2001, the staff of the New York Stock Exchange (&#8220;NYSE&#8221;) announced that it had determined that the trading of the common stock of APWC should be suspended prior to December 31, 2001. The decision was reached in view of the fact that the Company&#8217;s stock price had fallen below NYSE&#8217;s continued listing standards. Following the delisting of the Company&#8217;s common stock on the NYSE, the Company&#8217;s common stock was traded under the ticker AWRCF, on the Over-the-Counter Bulletin Board (&#8220;OTC BB&#8221;), operated by the National Association of Securities Dealers, Inc. (&#8220;NASD&#8221;). After the Company failed to timely file its annual report on Form 20-F for the 2004 fiscal year, the Company was delisted from the OTC BB in August 2005 and thereafter time its shares of common stock were quoted on the &#8220;pink sheets&#8221; market by Pink Sheets LLC, a privately owned company that provides pricing and financial information for over-the-counter securities. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">On June 28, 2007, SOF Investment, L.P. (&#8220;SOF&#8221;), a Delaware limited partnership controlled by MSD Capital, L.P. acquired 20% of the issued and outstanding shares of the Company from a private equity investor and entered into a shareholders&#8217; agreement with the Company and PEWC. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">On April 9, 2008, the Company was listed again and began trading its common stock on the OTC BB after completing all reporting requirements and filing all outstanding financial reports with the US Securities and Exchange Commission (&#8220;SEC&#8221;). The Company was subject to the reporting requirements under the Securities Exchange Act of 1934. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">On March 30, 2009, SOF sold 10.2% of the issued and outstanding shares of the Company to PEWC. PEWC is currently holding 65.6% of the equity of the Company and COF is holding 9.8%.&nbsp; The remaining 24.6% of the issued and outstanding common stock were publicly traded on the Over-the-Counter Bulletin Board (&#8220;OTC BB&#8221;) prior to that date. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">On April 29, 2011, the Company&#8217;s common stock commenced trading on NASDAQ (Capital Markets). </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of July 1, 2011, SOF transferred its 9.8% interest in the Company to MSD Credit Opportunity Master Fund, L.P. (&#8220;COF&#8221;), which became a party to the shareholders agreement, as amended and restated on March 27, 2009 (&#8220;Amended Shareholders Agreement&#8221;), and succeeded to all of the right, title, and interest in the common stock previously held by SOF.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 36pt"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Share Capital </FONT></I></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">On September 8, 2008, the Company&#8217;s shareholders approved an increase to the authorized share capital from 20,000,000&nbsp;<FONT style="FONT-SIZE: 11pt" face="Times New Roman">common</FONT> shares, par value $0.01 per share, to 50,000,000&nbsp;<FONT style="FONT-SIZE: 11pt" face="Times New Roman">common</FONT> shares, par value $0.01 per share.&nbsp;</FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></I></P></DIV>

<P style="TEXT-ALIGN: center">F-9</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ORGANIZATION AND PRINCIPAL ACTIVITIES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The subsidiaries of the Company are set out below:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 2cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Place of incorporation and operations</FONT></U></P></TD>

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   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 35.5pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Percentage of</FONT></P>

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 35.5pt" align=center><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">equity interest</FONT></U></P>

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 35.5pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31,</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=center><U><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></U></P></TD>

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   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=center><U><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></U></P></TD></TR>

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   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The British Virgin Islands </FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Asia Pacific Wire &amp; Cable General Holdings Ltd</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">100%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.8pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">100%</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">PRC (APWC) Holding Ltd.</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Samray Inc.</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Siam (APWC) Holdings Ltd.</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Moon View Ltd.</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Trigent Investment Holdings Limited</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Crown Century Holdings Ltd.</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD></TR>

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   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Singapore </FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=ES face="times new roman">Sigma Cable Company (Private) Limited (&#8220;Sigma Cable&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">98.3%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.8pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">98.3%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=SV face="times new roman">Sigma-Epan International Pte Ltd. (&#8220;Sigma-Epan&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Epan Industries Pte Ltd. </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">100% </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">100% </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Epan Data-Comm System Pte Ltd</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">100% </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">100% </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=SV face="times new roman">Singvale Pte Ltd (&#8220;Singvale&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Malaysia </FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Elecain Industry Sdn. Bhd.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">92.6%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">92.6%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Sigma-Epan Malaysia Sdn. Bhd.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The People&#8217;s Republic of China</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Ningbo Pacific Cable Co., Ltd. (&#8220;Ningbo Pacific&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">94.31%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">95.80%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Shanghai Yayang Electric Co., Ltd. (&#8220;Shanghai Yayang&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">54.41%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">54.41%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Shandong Pacific Fiber Optics Co. Ltd (&#8220;SPFO&#8221;)**</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">51%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">0%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Pacific Electric Wire &amp; Cable (Shenzhen) Co., Ltd (&#8220;PEWS&#8221;) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Hong Kong</FONT></U></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> &nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Crown Century Holdings Limited (&#8220;CCH (HK)&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>

<P style="TEXT-ALIGN: center">F-10</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_97"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ORGANIZATION AND PRINCIPAL ACTIVITIES</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> (continued)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 7.7pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Place of incorporation and operations</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" colSpan=2 align=center>

   <P style="TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 28.4pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Percentage of</FONT></P>

   <P style="TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 28.4pt" align=center><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">equity interest</FONT></U></P>

   <P style="TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 28.4pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31,</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align=center><U><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align=center><U><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></U></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -15.2pt; MARGIN: 0cm 0cm 0pt 15.2pt"><B><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Australia</FONT></U></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> &nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Australia Pacific Electric Cable Pty Limited (&#8220;APEC&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">99.40%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">99.40%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Thailand</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Charoong Thai Wire and Cable Public Company Limited </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(&#8220;Charoong Thai&#8221;)* </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">50.93%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">50.93%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Siam Pacific Electric Wire &amp; Cable Company Limited </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(&#8220;Siam-Pacific&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">50.93%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">50.93%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Pacific-Thai Electric Wire &amp; Cable Company Limited </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(&#8220;Pacific-Thai&#8221;)***</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">50.93%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">0%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Hard Lek Limited (&#8220;Hard Lek&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">73.98%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">73.98%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">APWC (Thailand) Co., Ltd</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">99.48%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">99.48%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Thailand</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">PEWC (Thailand) Co., Ltd</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">99.48%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">99.48%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">CTW Beta Co. Ltd. </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">50.89%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">50.89%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Siam Fiber Optics Co. Ltd</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">30.56%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">30.56%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=ES-MX face="times new roman">Myanmar</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=ES-MX face="times new roman">Myanmar Sigma Cable Co., Ltd. </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="times new roman">(inactive)&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">78.59%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">78.59%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.5pt; MARGIN: 0cm 34.6pt 0pt 40.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">* Charoong Thai is listed on the Stock Exchange of Thailand and is engaged in the manufacturing of wire and cable products for the power and telecommunications industries in Thailand.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -2pt; MARGIN: 0cm 34.6pt 0pt 34.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -13pt; MARGIN: 0cm 34.6pt 0pt 45.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">** SPFO was disposed of to independent third parties on December 1, 2011. See note 1(d) and 19.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -2pt; MARGIN: 0cm 34.6pt 0pt 34.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 34.6pt 0pt 42.55pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">*** Pacific-Thai transferred its business into its parent company, Siam-Pacific, on January 5, 2011 and registered its dissolution with the Ministry of Commerce on January 5, 2011. The Company anticipates the dissolution will be completed in 2012.&nbsp; </FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-11</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_98"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm">&nbsp;</P>

<P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">1.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;ORGANIZATION AND PRINCIPAL ACTIVITIES</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> (continued)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P style="TEXT-INDENT: 38.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">ii)&nbsp; The equity investees of the Company are set out below:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt 2cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<DIV align=center>

<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 3.85pt; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="TEXT-INDENT: 3.85pt; MARGIN: 0cm 0cm 0pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Place of incorporation and operations</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" colSpan=2 align=center>

   <P style="LINE-HEIGHT: 11pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="times new roman">Percentage of</FONT></P>

   <P style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt" align=center><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="times new roman">equity interest</FONT></U></P>

   <P style="MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31,</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <P style="MARGIN: 0cm 18.3pt 0pt 0pt" align=center><U><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=center>

   <P style="MARGIN: 0cm 5pt 0pt 0pt" align=center><U><FONT style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></U></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="MARGIN: 0cm 0cm 0pt 3.9pt"><B><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The People&#8217;s Republic of China</FONT></U></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> &nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="MARGIN: 0cm 0cm 0pt 3.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Shandong Huayu Pacific Fiber Optics Communications Co., Ltd. (&#8220;Shandong Huayu&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8.2pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">48.73%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">48.73%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -20.1pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Shandong Pacific Rubber Cable Co., Ltd. (&#8220;SPRC&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">25.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">25.00%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt"><B><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Thailand</FONT></U></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -20.1pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -20.1pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Siam Pacific Holding Company Limited (&#8220;SPHC&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">49.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">49.00%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="70%">

   <P style="TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0pt 19.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Loxley Pacific Co., Ltd. (&#8220;Lox Pac&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">21.39%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">21.39%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt 2cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 34.6pt 0pt 42.55pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">Acquisitions accounted for as purchases and disposals undertaken by the Company during the years ended December 31, 2009, 2010 and 2011 included the following:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">(a)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=X-NONE face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">In 2002, three wholly owned subsidiaries of Sigma-Epan were placed into liquidation. In April 2009, the liquidator received the clearance letters from government authorities of Singapore relating to the dissolution of three subsidiaries of Sigma-Epan. On May 22, 2009, Sigma-Epan conducted a final meeting to dissolve the subsidiaries. As at December 31, 2002, the Company&#8217;s balance sheet includes liabilities of $568 resulting from these subsidiaries which was recognized as gain on liquidation of subsidiaries in 2009. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">(b)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=X-NONE face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">On March 31, 2010, CCH acquired 51% of APEC shares from Sigma Cable, thereby increasing the Company&#8217;s interest in APEC from 98.53% to 99.40%. On April 14, 2010, CCH acquired 100% of Sigma Epan from Samray, the Company&#8217;s interest in Sigma-Epan has not changed and Sigma-Epan remains as a wholly owned subsidiary of the Company.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">(c)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=X-NONE face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">On May 31, 2011, the Company contributed additional capital in Ningbo Pacific in the form of a cash injection of $5 million. The Company&#8217;s interest in Ningbo Pacific increased from 94.31% to 95.80%.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">(d)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=X-NONE face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">On December 1, 2011, the Company disposed its entire 51% equity interest in SPFO. Proceeds from the disposal of SPFO were $2.9 million (RMB18.5 million). The Company recorded a gain on disposal amounting to $1.96 million in the </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="Times New Roman">statement of operations. </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">&nbsp;&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=X-NONE face="Courier New"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 35.4pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Put Right and Option</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Under the terms of the Amended Shareholders&#8217; Agreement, COF has the right and option (but not the obligation) to sell to PEWC upon the occurrence of a Put Event (defined below), and PEWC agreed to purchase from COF upon the occurrence of a Put Event, all Registrable Securities then owned by COF (the &#8220; Put Shares &#8221;), for an amount equal to the Put Price (defined below) together with interest (calculated on the basis of a 360 day year) on the Put Price, computed (x) from June 28, 2007 through May 31, 2010 at a rate per annum that shall be equal to the Libor Rate plus fifty (50) basis points (compounded annually), and (y) from June 1, 2010 until the Put Closing (defined below) at a rate per annum that shall be equal to the Libor Rate plus one hundred and fifty (150) basis points (compounded annually) (the &#8220; Put Right &#8221;). If the Put Event terminates prior to the closing of such Put Right, the exercise of the Put Right is deemed rescinded and the transaction relating to the Put </FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-12</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">1.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">ORGANIZATION AND PRINCIPAL ACTIVITIES</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> (continued)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#ff99cc face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Right is deemed cancelled, but this will not terminate the existence of a future Put Right upon the triggering of a future Put Event. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">A &#8220;Put Event&#8221; means any date (i) after March 11, 2009 whereby an Event has occurred and continues to occur, or (ii) after February 1, 2011 whereby the shares are not listed on a US Securities Market, which means any of the NASDAQ Stock Market, Inc. (Global Market or Global Select Market), Alternext U.S. (f/k/a the American Stock Exchange LLC), the New York Stock Exchange LLC or in conjunction with a dual listing on, or a transfer from, a US Securities Market to one or more of the principal or secondary exchanges for the public trading of equity securities in any of Hong Kong, Tokyo or Singapore. The &#8220;Put Price&#8221; means for (i) shares purchased pursuant to the Purchase Agreement, an aggregate amount equal to the product of (a) the number of shares being sold and (b) US$4.35 and (ii) Shares purchased under preemptive right provisions of the Amended Shareholders&#8217; Agreement, and aggregate amount equal to the purchase price thereof.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#ff99cc face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Shareholders&#8217; Agreement does not contain any provisions that impose any purchase, reimbursement or financing obligations on the Company in the event that SOF exercises the Put Right. The Put Right is an obligation solely of PEWC and not of the Company. However, for the avoidance of doubt and as a re-affirmation that the financial and other obligation to SOF in the event </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">of an exercise of the Put Right rest exclusively with PEWC, the Company has, on March 27, 2009, entered into a Non-Recourse Confirmation Agreement with PEWC whereby PEWC (i) covenants that it has no put right against the Company relating to the Put Shares and that PEWC&#8217;s obligations to SOF are without recourse to the Company, (ii) waives any such right should it arise in the future, and (iii) agrees that it shall not cause the Company, directly or indirectly, to incur any costs associated with the exercise of the Put Right.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#ff99cc face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Shareholders&#8217; Agreement provides, and the Non-recourse Confirmation Agreement confirms, that the Put Right is solely the obligation of PEWC. The Company has no purchase, reimbursement or financing obligations in the event that SOF exercises the Put Right. As such, the Company has classified the Put Shares as equity in the accompanying financial statements. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company received an approval letter from Nasdaq on April 13, 2011 for the listing of its common stock on Nasdaq, with &#8220;APWC&#8221; as the trading symbol and, as noted, on April 29, 2011, the Company&#8217;s common stock commenced trading on NASDAQ (Capital Markets), which tier does not fit within the definition of a national &#8220;Securities Market&#8221;, as provided in the Shareholders&#8217; Agreement. The Company intends to apply to list the common stock on the Global Markets tier after the Company is satisfied that it qualifies in all respect for that tier. The Company is not aware of that COF has taken any action with respect to the common stock held by it up to date. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BASIS OF PRESENTATION</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;US GAAP&#8221;).&nbsp; The basis of accounting differs from that used in the statutory financial statements of the Company&#8217;s subsidiaries and equity investee companies, which are prepared in accordance with the accounting principles generally accepted in their respective countries of incorporation.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All dollar amounts in the financial statements and in the notes herein are U.S. Dollars (&#8220;US$&#8221;) unless otherwise designated. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CHANGES IN PRESENTATION OF COMPARATIVE FINANCIAL STATEMENTS</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SPFO was consolidated prior to its disposal and it met the criteria for reporting as discontinued operations. Therefore, the results of operations of SPFO and the gain of the disposal have been classified as &#8220;Income from operations of discontinued SPFO&#8221; in the consolidated statements of operations for the year ended December 31, 2011 and prior periods amounts have been reclassified accordingly.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-13</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Principles of Consolidation</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The consolidated financial statements include the accounts of the Company and its subsidiaries.&nbsp; All intercompany accounts and transactions have been eliminated on consolidation.&nbsp; The Company&#8217;s investments for which its ownership exceeds 20%, but which are not majority-owned or controlled, are accounted for using the equity method if the Company has the ability to exercise significant influence over the companies&#8217; operating and financial policies. When the Company&#8217;s carrying value in an equity investee company is reduced to zero, no further losses are recorded in the Company&#8217;s consolidated financial statements unless the Company has guaranteed obligations of the investee company or has committed additional funding. When the investee company subsequently reports income, the Company will not record its share of such income until it equals the amount of its share of losses not previously recognized.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Use of Estimates</FONT></U></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The preparation of the consolidated financial statements in conformity with generally accepted accounting principles accepted in the United States requires management to make estimates, judgements, and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates reflected in the Company&#8217;s consolidated financial statements include, but are not limited to, useful lives and residual values of long-lived assets, impairment assessment of long-lived assets and goodwill, allowance for accounts and other receivable, accounting for deferred income tax, income tax position, inventory valuation, valuation allowance of deferred tax assets. Actual results could differ from those estimates.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Cash and Cash Equivalents</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents includes cash on hand, bank deposits and all short-term highly liquid investments with an original maturity of three months and are readily convertible to known amounts of cash.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Inventories&nbsp;</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories are valued at the lower of cost or market. Cost is determined using the first-in, first-out or weighted average method.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">If the expected selling price less completion costs and costs to execute sales (market) is lower than the carrying amount, a write-down is charged to expenses in cost of sales for the amount by which the carrying amount exceeds its market. When the finished goods that were previously written down to market are subsequently sold at above market, a recovery is credited to cost of sales. See note 10 &#8211; Valuation and Qualifying Accounts. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Income Taxes</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company follows the liability method of accounting for income taxes in accordance with ASC 740, &#8220;</FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Income Taxes</FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8221; (&#8220;ASC 740&#8221;). Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Current income tax expense is the amount of income taxes expected to be payable for the current year. Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax basis and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered. ASC 740, requires that deferred tax assets be evaluated for future realization and reduced by a valuation allowance to the extent the Company believes a portion will not be realized.&nbsp; The Company considers many factors when assessing the likelihood of future realization of its deferred tax assets, including its recent cumulative earnings experience and expectations of future taxable income by taxing jurisdiction, the carry-forward </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-14</P>

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<A name="page_16"></A>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Income Taxes (cont&#8217;d)</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">periods available to the Company for tax reporting purposes, and other relevant factors. Deferred income tax expense (benefit) is the net change during the year in the deferred income tax asset or liability.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company adopted the provisions of ASC 740 to</FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> </FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">account for uncertainties in income taxes.&nbsp; ASC 740 contains a two-step approach to recognizing and measuring uncertain tax positions.&nbsp; The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any.&nbsp; The second step is to measure the tax benefit as the largest amount, which is more than 50% likely of being realized upon ultimate settlement.&nbsp; The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and which may not accurately anticipate actual outcomes. The Company&#8217;s policy is to recognize interest expense and penalties related to income tax matters as a component of income tax expense.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Property, Plant and Equipment</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Property, plant and equipment are stated at cost less depreciation and any impairment losses. Asset leases qualifying as capital leases are also included in property, plant and equipment. Major renewals and improvements are capitalized and minor replacements, maintenance, and repair expenses are charged to current operations as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of the assets or the respective lease term, whichever is shorter, as follows:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 0px; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="39%"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 35pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Land</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="61%"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 30pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Nil</FONT></P></FONT></TD></TR>

<TR height=20>

   <TD vAlign=top width="39%"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 35pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Land use rights</FONT></P></FONT></TD>

   <TD vAlign=top width="61%"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 30pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">15 - 50 years</FONT></P></FONT></TD></TR>

<TR height=20>

   <TD vAlign=top width="39%"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 35pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Buildings</FONT></P></FONT></TD>

   <TD vAlign=top width="61%"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 30pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5 - 30 years</FONT></P></FONT></TD></TR>

<TR height=20>

   <TD vAlign=top width="39%"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 35pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Machinery and equipment</FONT></P></FONT></TD>

   <TD vAlign=top width="61%"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 30pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5 - 10 years</FONT></P></FONT></TD></TR>

<TR height=20>

   <TD vAlign=top width="39%"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 35pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Motor vehicles</FONT></P></FONT></TD>

   <TD vAlign=top width="61%"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0cm 0pt 30pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3 - 10 years</FONT></P></FONT></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt 35pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Office equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0cm 0pt 30pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3 - 10 years</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">No depreciation expense is charged for construction in progress and machinery and equipment under installation.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Capitalized interest on construction in progress is added to the cost of the underlying asset and is depreciated over the estimated useful life of the asset in the same manner as the underlying asset. Interest capitalized for 2010 and 2011 amounted to $nil and $9, respectively. The capitalized interest was related to and has been included as part of the cost of Ningbo Pacific&#8217;s construction in progress.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">When property and equipment are retired, sold or otherwise disposed of, the asset&#8217;s carrying amount and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">In 2006, the Company terminated the Ningbo Pacific joint venture and liquidated its major equipment at the Ningbo Pacific facility. In October 2009, the Company has made a resolution to acquire an additional 5.42% shareholding of Ningbo Pacific from the Republic of China (&#8220;PRC&#8221;) joint venture partner. The Company plans to resume manufacturing operation with new constructed facilities at the Ningbo Pacific site.&nbsp; The acquisition of additional shareholding is expected to be completed in early 2013. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-15</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=fuchsia face="Times New Roman">&nbsp; &nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Goodwill</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill represents the excess of the cost of purchased business over the fair value of the underlying net assets acquired. Goodwill, is not amortized, but tested for impairment at least annually or more frequently if circumstances indicate that impairment may exist.&nbsp; The Company determined it has three reporting units in which the entire goodwill was allocated to manufactured product segment.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In accordance with ASC 350 </FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8220;Intangible &#8211; Goodwill and Others&#8221;</FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">, (&#8220;ASC 350&#8221;), the Company performed a two-step test to assess goodwill impairment as of December 31, 2011. First, the Company identifies potential goodwill impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company determines fair value using a discounted cash flow approach and makes reference to the market capitalization of the Company. If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of goodwill impairment loss. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Based on the Company&#8217;s assessment conducted as of December 31, 2011, the Company recognized goodwill impairment charges of $8,791, and the carrying amount was $nil as of December 31, 2011. See note 6 &#8211; Goodwill. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Investments&nbsp;</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Management determines the appropriate classification of its investments at the time of purchase and re-evaluates such designation as of each balance sheet date.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company accounts for its investments in equity securities of privately-held companies as cost method investment in accordance to ASC 325</FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">, &#8220;Investments &#8211; Others&#8221;</FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> as these securities do not have readily determinable fair value. Investments in which the Company does not have a controlling interest or an ownership voting interest to exert significant influence, and which are not publicly traded are accounted for at cost.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company accounts for its investments in equity securities that have readily determinable fair value using ASC 320</FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">, &#8220;Investments &#8211; Debt and Equity Securities&#8221;</FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">. Equity securities are classified as available-for-sale, as the Company does not trade in these securities, but rather they are held as longer term investments due to business relationships with the entities. Available-for-sale securities are carried at fair value,</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"> with the unrealized gains and losses, net of tax, reported in a separate component of shareholders&#8217; equity.</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp; Realized gains and losses and declines in values judged to be other-than-temporary on available-for-sale securities are included in investment income.&nbsp; The cost of securities sold is based on the specific identification method.&nbsp; Interest and dividends on securities classified as available-for-sale are included in investment income.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Investments in entities in which the Company can exercise significant influence but does not own a majority equity interest or control are accounted for using the equity method of accounting under ASC sub-topic 323-10, </FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8220;Investments&#8212;Equity Method and Joint Ventures: Overall&#8221; </FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(&#8220;ASC 323-10&#8221;), and included as investment in equity investees in the balance sheets. Under the equity method, the Company&#8217;s proportionate share of each equity investee&#8217;s net income or loss is included as share of income (losses) in equity investees in the statements of operations. An investor shall record its proportionate share of the investee&#8217;s equity adjustments for other comprehensive income (e.g. foreign currency items, etc) as increase or decrease to the investment account with corresponding adjustment in equity. The Company evaluated the investment in equity investee for impairment under ASC 323-10. An impairment loss on the investment in equity investee is recognized in the statements of operations when the decline in value is determined to be other-than-temporary.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-16</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Investments (cont&#8217;d)</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A judgmental aspect of accounting for investments (including investments in equity investees) involves determining whether an other-than-temporary decline in value of the investment has been sustained.&nbsp; If it has been determined that an investment has sustained an other-than-temporary decline in its value, the investment is written down to its fair value, by a charge to earnings.&nbsp; Such evaluation is dependent on the specific facts and circumstances.&nbsp; Factors that are considered by the Company in determining whether an other-than-temporary decline in value has occurred include: the market value of the security in relation to its cost basis; the financial condition of the investee; and the intent and ability to retain the investment for a sufficient period of time to allow for recovery in the market value of the investment. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">In 2009, 2010 and 2011, the Company recorded an impairment charge of $nil, $346 and $nil, respectively, related to certain available-for-sale investment.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Impairment of Long-Lived Assets</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company accounts for impairment of long-lived assets in accordance with ASC 360</FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">, &#8220;Property, Plant and Equipment&#8221;</FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">.&nbsp; Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.&nbsp; In such instances, the Company estimates the undiscounted future cash flows that result from the use of the asset and its ultimate disposition.&nbsp; If the sum of the undiscounted cash flows is less than the carrying value, the Company recognizes an impairment loss, measured as the amount by which the carrying value exceeds the fair value of the asset group, determined principally using discounted cash flows.&nbsp; </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">In 2009, the Company recorded an impairment charge of $77 related to the impairment of a factory in Thailand (included in the manufactured products segment) that is not being used for operation.&nbsp; The impairment charge was recorded to reduce the carrying value of the identified assets to fair values. Fair values were derived using a variety of methodologies, including cash flow analysis, estimates of sales proceeds and independent appraisals. Where cash flow analyses were used to estimate fair values, key assumptions employed, included estimates of future growth, estimates of gross margins and estimates of the impact of inflation. The charges were primarily the result of management&#8217;s revised outlook due to the prolonged unfavorable market conditions.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">There was no impairment charge in 2010. In 2011, the Company recorded an impairment charge of $25 related to the damage to Siam Pacific&#8217;s machinery due to the flooding in Thailand. The impairment is stated as a line item, &#8220;Charges related to flooding&#8221; within operating expenses. See note 14. </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Account Receivables and allowance for doubtful accounts</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Accounts receivables are stated at face value less any allowance for doubtful accounts.&nbsp;The Company maintains allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Management considers the following factors when determining the collectability of specific customer accounts: customer credit-worthiness, customer financial condition, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-17</P>

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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Lease obligations </FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">In accordance with ASC 840, Leases, leases for a lessee are classified at the inception date as either a capital lease or an operating lease. The Company assesses a lease to be a capital lease if any of the following conditions exist: a) ownership is transferred to the lessee by the end of the lease term, b) there is a bargain purchase option, c) the lease term is at least 75% of the property&#8217;s estimated remaining economic life or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date. A capital lease is accounted for as if there was an acquisition of an asset and an incurrence of an obligation at the inception of the lease. The capitalized lease obligation reflects the present value of future rental payments, discounted at the appropriate interest rates. The cost of the asset is amortized over the lease term. However, if ownership is transferred at the end of the lease term, the cost of the asset is amortized as set out below under property, plant and equipment. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Operating lease expenses are recognized on a straight-line basis over the applicable lease term.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Revenue Recognition</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenue represents the invoiced value of goods sold, net of value added tax and returns, invoiced value on distribution activities, and service fee income on installation activities.&nbsp; Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognized. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Sales of manufactured goods and distributed products </FONT></I></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company recognizes revenue from the sale of manufactured goods and distributed products upon passage of title to the customer that coincides with their delivery and acceptance. These revenue recognition are recognized in accordance with </FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SEC Staff Accounting Bulletin (SAB) No. 104.</FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> The Company recognizes its revenue of sale of distributed products at gross as the Company is the primary obligor in the transaction. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company classifies shipping and handling costs incurred within cost of sales.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Supply, Delivery and Installation</FONT></I></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company&#8217;s supply, delivery and installation services are considered as multiple elements arrangements and are accounted for in accordance with ASC subtopic 605-25, </FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8220;Revenue Recognition: Multiple-Element Arrangements&#8221; </FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(&#8220;ASC 605-25&#8221;). Elements such as installation service and sale of cables are considered as separate elements contained in a single arrangement, or in related arrangements with the same customer. The Company allocates revenue to each element based on its relative fair value. The allocation of the fair value to the delivered elements is limited to the amount that is not contingent on future delivery of services or subject to customer-specified return or refund privileges.&nbsp; The Company prospectively adopted Accounting Standards Update (&#8220;ASU&#8221;) No. 2009-13, Multiple-Deliverable Revenue Arrangements (&#8220;ASU 2009-13&#8221;), a consensus of the FASB Emerging Issues Task Force that amends ASC 605-25, on January 1, 2011. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">In accordance with ASU 2009-13, certain delivered items in multiple-element arrangements, which previously would not qualify for separate units of accounting due to the lack of vendor-specific objective evidence or third-party evidence of selling price, are accounted for as separate units of accounting, to which the total consideration of the arrangements is allocated based on management&#8217;s best estimate of the selling price (&#8220;BESP&#8221;). We consider all reasonably available information in determining the BESP, including both market and entity-specific factors. The adoption of ASU 2009-13 does not have a material effect on our financial statements, the units of accounting and the pattern and timing of revenue recognition is not changed materially. </FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-18</P>

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<A name="page_105"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Revenue Recognition (cont&#8217;d)</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company recognizes revenue from installation activities using the percentage-of-completion method, based on the customer certification of the distance of cable laid with respect to the estimated total contract revenue, and in accordance with ASC 605-35, &#8220;Revenue Recognition-Construction-Type and Production-Type Contracts&#8221;. The timing of revenue recognition of cable sales and installation services are substantially identical.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Bill-and-hold arrangements</FONT></I></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></I>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company recognizes revenue of sale of cables under bill-and-hold arrangements requested by certain customers in Thailand, in accordance with SAB 104.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As at December 31, 2009, 2010 and 2011, the revenue recognized under bill-and-hold arrangements where the cables were yet delivered was $8.6 million, $17.9 million and $5.8 million, respectively.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 38.5pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Customers&#8217; incentive </FONT></I></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company offers sales incentives in connection with power cable sales to wholesalers and distributors. These incentives include both rebates offered to customers for purchasing a certain volume of product during the year and settlement discounts for early payment of sales invoices. Both forms of incentives are recognized as a reduction to gross sales.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: left; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="times new roman">Foreign Currency Translation and Transactions</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The functional currency of the Company&#8217;s international subsidiaries is generally the local currency or U.S. Dollars.&nbsp; For these subsidiaries, the Company translates the assets and liabilities at exchange rates in effect at the balance sheet date and income and expense accounts at average exchange rates during the year.&nbsp; Resulting currency translation adjustments are recorded directly to accumulated other comprehensive income within stockholders&#8217; equity.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Foreign currency transactions are recorded at the applicable rates of exchange in effect at the transaction dates.&nbsp; Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date.&nbsp; Gains and losses from foreign currency transactions are recorded in the consolidated statements of operations.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: left; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="times new roman">Foreign Currency Forward Contracts</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company recognizes derivative financial instruments in the consolidated financial statements at fair value regardless of the purposes or intent for holding the instrument. Changes in the fair value of derivative financial instruments are either recognized periodically in income or in shareholders&#8217; equity as a component of comprehensive income depending on whether the derivative financial instruments qualify for hedge accounting, and if so, whether they qualify as a fair value or cash flow hedge. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Generally, changes in fair values of derivatives accounted for as fair value hedges are recorded in income along with the portions of the changes in the fair value of the hedged items that relate to the hedged risks. Changes in fair value of derivatives accounted for as cash flow hedges, to the extent they are effective as hedges, are recorded in other comprehensive income net of deferred taxes. Changes in fair value of derivatives used as hedges of the net investment in foreign operations are reported in other comprehensive income as part of the cumulative translation adjustment. Changes in fair values of derivatives not qualifying as hedges are reported in the consolidated statements of operations. </FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-19</P>

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<A name="page_106"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Foreign Currency Forward Contracts (cont&#8217;d)</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Company&#8217;s subsidiaries use forward foreign exchange contracts to reduce their exposure to foreign currency risk for liabilities denominated in foreign currency. A forward foreign exchange contract obligates the Company to exchange predetermined amounts of specified foreign currencies at specified exchange rates on specified dates or to make an equivalent U.S. dollar payment equal to the value of such exchange.&nbsp; Realized and unrealized gains and losses on foreign exchange contracts are included as foreign exchange gains or losses in the consolidated statements of operations as such contracts do not qualify for hedge accounting.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">As of December 31, 2010 and 2011, the Company had outstanding forward exchange purchase contracts with notional values of $nil and $2,317, respectively. The outstanding forward exchange contracts as of December 31, 2011 matured in January 2012. The Company records these contracts at fair value with the related gains and losses of $nil, $nil and $64, for the years ended December 31, 2009, 2010 and 2011, respectively in the consolidated statements of operations. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt 36pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Copper Future Contracts</FONT></U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> &nbsp;</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Copper future contracts are designed to manage the Company&#8217;s consolidated exposure to change in inventory value due to fluctuations in market prices for selected operating units. Within the ordinary course of business the Company routinely enters into purchase transactions for copper. The majority of these transactions take the form of contracts that were entered into and continue to be held for the purpose of receipt or delivery of the copper in accordance with the Company&#8217;s expected sales or production timing or usage requirements. Such contracts are not within the scope of hedging accounting, or derivatives. To date, these contract positions have not had a material effect on the Company&#8217;s financial position, results of operations or cash flow.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Earnings (Loss) Per Share</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic and diluted earnings (loss) per share are calculated in accordance with ASC 260</FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">, &#8220;Earnings Per Share&#8221;</FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">.&nbsp; There are no dilutive equity instruments for all periods presented. </FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-20</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt">&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Fair Value Measurements</FONT></U></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Effective from January 1, 2008, the Company adopted the provisions of ASC 820</FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">, &#8220;Fair Value Measurements and Disclosures&#8221;</FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"> for financial assets and liabilities. Under ASC 820, fair value is defined as the price that would have been received to sell an asset or paid to transfer a liability (i.e., the &#8220;exit price&#8221;) in an orderly transaction between market participants at the measurement date. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">In determining fair value, the Company uses various valuation approaches. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company&#8217;s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the observability of inputs as follows:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp; Level 1 - Valuations based on quoted prices in active markets for identical assets that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 instruments. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp; Level 2 - Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8226;&nbsp;&nbsp; Level 3 - Valuations based on unobservable inputs which are supported by little or no market activity and significant to the overall fair value measurement.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The availability of observable inputs can vary from investment to investment and is affected by a wide variety of factors, including, for example, the type of investment, the liquidity of markets and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment and the investments are categorizes as Level 3. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The carrying amounts of financial instruments, including cash and cash equivalents, bank deposits, trade receivables, other current assets, trade payables, related party balances and other liabilities approximate their fair value due to the short-term maturities of such instruments.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-21</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt 35.8pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Recent Pronouncements</FONT></U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> &nbsp;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">In May 2011, the FASB issued an additional guidance ASU 2011-04&nbsp; &#8220;Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs&#8221; which clarifies the application of existing fair value measurement and disclosure requirements, changes certain fair value measurement principles and requires additional disclosures about fair value measurements. The updated guidance is effective on a prospective basis for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2011. The adoption of this guidance will not have a material impact on the Company&#8217;s consolidated financial statements.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 33.3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">In June 2011, the FASB issued an ASU 2011-05</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=ZH-TW face=pmingliu>&#8220;</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Presentation of Comprehensive Income&#8221; which amended guidance for the presentation of comprehensive income. The amended guidance requires the presentation of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The amended guidance also requires presentation of adjustments for items that are reclassified from other comprehensive income to net income in the statement where the components of net income and the components of other comprehensive income are presented. The amended guidance is effective on a retrospective basis for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2011. The Company believes the adoption of this update will change the order in which certain financial statements are presented and provide additional detail on those financial statements when applicable, but will not have any other impact on its financial statements or results of operations. The Company plans to adopt this standard with effect during and from the interim period ended March 31, 2012.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 33pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">In December 2011, ASU No. 2011-12, &#8220;Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05&#8221;. This ASU defers the changes in ASU 2011-05 that relate to the presentation of reclassification adjustments and supersedes certain pending paragraphs. ASU 2011-12 will be applied retrospectively. ASU 2011-12 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted. The Company believes the adoption of this update will change the order in which certain financial statements are presented and provide additional detail on those financial statements when applicable, but will not have any other impact on its financial statements or results of operations. The Company plans to adopt this standard during the interim period ended March 31, 2012.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-22</P>

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<P><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">5.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SHORT-TERM BANK DEPOSITS </FONT></B></P>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">As of December 31 </FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="MARGIN: 0cm 73.35pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <P style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0.7pt 0cm 0cm" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=center>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <P style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0.7pt 0cm 0cm" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2011</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="MARGIN: 0cm 73.35pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="MARGIN: 0cm 14.15pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unrestricted short-term bank deposits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;<FONT style="FONT-SIZE: 11pt" face="Times New Roman">$ </FONT>&#8211; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">$</FONT>&nbsp;2,529</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 14.15pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Restricted short-term bank deposits </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">17,422</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">12,024</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="MARGIN: 0cm 73.35pt 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$&nbsp;17,422</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0.55pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$&nbsp;14,553</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Short-term bank deposits are deposits with maturities of more than three months but less than one year. Restricted short-term bank deposits represent the amounts of cash pledged by two subsidiaries in Thailand to secure credit facilities granted by financial institutions. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">These bank deposits bear interest rates ranging from 0.06% to 1.98% and 0.3% to 3.7% per annum as of December 31, 2010 and 2011, respectively.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">6.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">GOODWILL&nbsp;</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Goodwill of $8,801 as of December 31, 2010 relating to the manufactured products segment and the changes in the carrying amount of goodwill are as follows: </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="85%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Balance as of December 31, 2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 8,801</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="85%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Disposal of a subsidiary </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(10)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="85%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Impairment charge</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(8,791)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="85%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Balance as of December 31, 2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$</FONT>&nbsp;&#8211;<FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp; </FONT></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.1pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">In accordance with ASC 350, the Company assessed the fair value of the reporting unit as of December 31, 2011. The Company adopted the discounted cash flow approach and, considering that the reporting unit constituted the majority of the overall consolidated group, by reference to the closing price of its common stock on that date as well as an assumed control premium. From January 2011 to December 2011, the stock market downturn caused a decline in the Company&#8217;s stock price by 54.8%, which resulted in a significant reduction in the Company&#8217;s market capitalization. As of December 31, 2011, the assessed fair value was below the carrying value of the reporting unit. The Company then performed a hypothetical purchase price allocation using the fair value of reporting unit and determined that the goodwill was fully impaired. As a result, the Company recognized a goodwill impairment charge of $8,791 for the year ended December 31, 2011 as a separate item in the consolidated statements of operations. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.1pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.1pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">7.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">INVESTMENTS&nbsp;</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">A summary of the carrying values and balance sheet classification of all investments in privately-held equity securities and available-for-sale securities was as follows:&nbsp; </FONT></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="34%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Available-for-sale securities, at fair value</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="8%" align=right>

   <P style="MARGIN: 0cm 10.5pt 0pt 0cm; WORD-BREAK: break-all" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ </FONT></P></TD>

   <TD vAlign=top width="8%" align=right>&nbsp;92</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="8%" align=right>

   <P style="MARGIN: 0cm 7.1pt 0pt 0cm; WORD-BREAK: break-all" align=left><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ </FONT></P></TD>

   <TD vAlign=top width="8%" align=right>&nbsp;&#8211;</TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Equity securities in privately-held companies, at cost</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" colSpan=2 align=right>

   <P style="MARGIN-TOP: 0cm; MARGIN-BOTTOM: 0cm; MARGIN-LEFT: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">652</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN-TOP: 0cm; MARGIN-BOTTOM: 0cm; MARGIN-LEFT: 0cm" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" colSpan=2 align=right>

   <P style="MARGIN-TOP: 0cm; MARGIN-BOTTOM: 0cm; MARGIN-LEFT: 0cm" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">618</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="8%" align=right>

   <P style="MARGIN: 0cm 10.55pt 0pt 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=top width="8%" align=right>&nbsp;744</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="8%" align=right>

   <P style="MARGIN: 0cm 7.1pt 0pt 0cm; WORD-BREAK: break-all" align=left><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" vAlign=top width="8%" align=right>&nbsp;618</TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-23</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<P><A name="page_25"></A><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT></P>

<P><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">7.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">INVESTMENTS (continued)</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The investments in equity securities in privately-held companies are recorded at cost as their market value is not readily determinable. It consists of the investment in Thai Metal Processing Co., Ltd, which is engaged in the fabrication of copper rods.&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -38.5pt; MARGIN: 0cm 0cm 0pt 35.5pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The investments in available-for-sale securities above represent the investments in TT&amp;T Public Company Limited (TT&amp;T), which is listed on the Stock Exchange of Thailand. Its principal activity is the operation of a provincial telephone network throughout Thailand and services include, fixed line telephone, pay phone, data communication and distribution of telephone equipment. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">During 2011, the Company recorded an unrealized loss of $68 on its investments in TT&amp;T in other comprehensive income. In June 2011, the Company sold the investments in TT&amp;T and received the proceeds of $24. The amount of unrealized loss of $68 was reclassified out of accumulated other comprehensive income into consolidated statements of operations.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp; &nbsp;</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">8.</FONT></B><B><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">BANK LOANS AND OVERDRAFTS </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Bank&nbsp;</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"> loans and overdrafts consist of the following:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 12.4pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 12.4pt; PADDING-TOP: 0cm" vAlign=top rowSpan=2 width="63%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 12.4pt; PADDING-TOP: 0cm" vAlign=top width="37%" colSpan=2>

   <P style="TEXT-INDENT: 71.5pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></P></TD></TR>

<TR style="HEIGHT: 12.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 12.35pt; PADDING-TOP: 0cm" vAlign=top width="37%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31,</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="63%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="19%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010 </FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="63%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.95pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Bank loans and overdrafts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="19%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$&nbsp;25,259</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$13,886</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="63%">

   <P style="TEXT-INDENT: -34.65pt; MARGIN: 0cm 0cm 0pt 28.75pt"><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Trust receipts </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="19%" align=right>

   <DIV style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 27.5pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">42,092</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%" align=right>

   <DIV style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 22pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">38,927</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="63%">

   <P style="TEXT-INDENT: -7.35pt; MARGIN: 0cm 0cm 0pt 1.25pt"><FONT style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total bank loans and overdrafts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="19%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$&nbsp;67,351</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="18%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$&nbsp;52,813 </FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Under line of credit arrangements for short-term debt with the Company&#8217;s bankers, the Company may borrow up to approximately $316,369 (2010: $292,833) on such terms as the Company and the banks may mutually agree upon.&nbsp; These arrangements do not have termination dates but are reviewed annually for renewal.&nbsp; As of December 31, 2011, the unused portion of the credit lines was approximately $224,640</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> (2010: </FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">$209,634</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">)</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">, which included unused letters of credit amounting to </FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$128,409 (2010: $128,211)</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">. Letters of credit are issued by the Company in the ordinary course of business through major financial institutions as required by certain vendor contracts. As of December 31, 2011, the Company had open letters of credit totaling </FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$49,596 (2010: $53,724).</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"> Liabilities relating to the letters of credit are included in current liabilities.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The credit lines of the Company were collateralized by:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(i)</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Mortgage of the Company&#8217;s land, buildings, machinery and equipment with a total carrying amount of $15,792 at December 31, 2011 (2010: $17,177);</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.45pt; MARGIN: 0cm 0cm 0pt 71.95pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(ii)</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Pledge of short-term deposits and accounts receivables of $12,024 at December 31, 2011 (2010: $16,104);</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(iii)</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Pledge of not fewer than 112 million shares of Charoong Thai; and &nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(iv)</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Corporate guarantee issued by the Company and a subsidiary of the Company.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(v)</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">A trading facility was secured by the assets with total carrying amount of $31,414&nbsp; of a subsidiary as at December 31, 2011 (2010:$28,484).</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The weighted average interest rates on bank loans and overdrafts as of December 31, 2009, 2010 and 2011 were 4.4%, 3.6% and 3.7% per annum, respectively.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-24</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">8.</FONT></B><B><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">BANK LOANS AND OVERDRAFTS (continued)</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">During 2011, CCH (HK) entered into a bank loan agreement with Bangkok Bank Hong Kong Branch with a total cash loan of US$ 14 million and a trade facility of US$ 8 million. The cash loan carries an interest rate of SIBOR (Singapore Inter-bank Borrowing Rate) plus 2.5% for a period of 5.5 years, adjusted quarterly as the SIBOR fluctuates. The bank loan is guaranteed by the Company, as guarantor.&nbsp; As of December 31, 2011, CCH (HK) was not in compliance with certain financial and non-financial loan covenants and the cash loan would become callable on demand. The outstanding balance was classified as a current liability as of December 31, 2011. The Company started negotiation in December 2011 with the Bank on revising the loan covenants and issuing waiver for the default. Up to the date of these financial statements, the negotiation is still in process.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 11.45pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">9.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">EARNINGS (LOSS) PER SHARE </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 34.5pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Company computes earnings (loss) per share in accordance with ASC 260</FONT><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"> &#8220;Earning Per Share</FONT></I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8221;. Basic net earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of&nbsp;common shares outstanding during the period. Diluted net earnings (loss) per share is computed by dividing net income (loss) by the sum of the weighted-average number of&nbsp;common shares outstanding and if dilutive, the potential&nbsp;common shares outstanding during the period.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 71pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The following table sets forth the computation of basic and diluted earnings (loss) attributable to&nbsp;common shareholders per share:</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></P><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: center; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Years ended December 31,</FONT></P></FONT></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Numerator:</FONT></P></TD>

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   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 24.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="49%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Income (loss) attributable to APWC from continuing operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="TEXT-INDENT: -16.5pt; MARGIN: 0cm 0cm 0pt 16.5pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ 9,858 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0cm 0pt 5.5pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ 14,142 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="TEXT-INDENT: -16.5pt; MARGIN: 0cm 0cm 0pt 16.5pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ (6,832)</FONT></P></TD></TR>

<TR style="HEIGHT: 24.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="49%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Income (loss) attributable to APWC from discontinued operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">231 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">(2)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">1,393 </FONT></P></TD></TR>

<TR style="HEIGHT: 24.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="49%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Net income (loss) attributable to APWC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ 10,089 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ 14,140 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="TEXT-INDENT: 17.5pt; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ (5,439)</FONT></P></TD></TR>

<TR style="HEIGHT: 15.75pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" vAlign=bottom width="49%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="49%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Denominator (in number of shares):</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="49%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 27.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" vAlign=bottom width="49%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Weighted-average&nbsp;common shares outstanding - basic and diluted</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">13,830,769 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">13,830,769 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">13,830,769 </FONT></P></TD></TR>

<TR style="HEIGHT: 24.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="49%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 24.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="49%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Earnings (loss) per share - basic and diluted</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 24.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Continuing operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" noWrap>

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ 0.71 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ 1.02 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ (0.49)</FONT></P></TD></TR>

<TR style="HEIGHT: 24.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Discontinued operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" noWrap>

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">0.02 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">(0.00)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">0.10 </FONT></P></TD></TR>

<TR style="HEIGHT: 24.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="49%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Total earnings (loss) per share - basic and diluted </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ 0.73 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ 1.02 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=#000000 face="times new roman">$ (0.39)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-25</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_27"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">10.</FONT></B><B><FONT style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">VALUATION AND QUALIFYING ACCOUNTS</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Description</FONT></U></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Balance at beginning of year</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Net charge (credit) to income</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Deduction</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Currency translation adjustment</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">Balance at </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman">end of year</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Year ended December 31, 2009:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0.5pt; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Allowance for doubtful accounts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 9,644</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (860)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (326)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 236</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 8,694&nbsp; </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Inventory impairment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="TEXT-INDENT: 0.5pt; MARGIN: 0cm 2pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -78.4pt; MARGIN: 0cm 5pt 0cm 73pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">- Lower of cost or market </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">26,282</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(24,268)&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">42</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,158</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">3,214&nbsp; </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">- Obsolescence</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">433</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">319&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">35 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">781&nbsp; </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Allowance for deferred tax assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">6,683</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(4,781)&nbsp; </FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">587</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2,489 </FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 43,042 </FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (29,590)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.55pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (290)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 2,016&nbsp; </FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 15,178</FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Year ended December 31, 2010:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1.5pt 0pt 2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Allowance for doubtful accounts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 8,694</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (1,317)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (1,063)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 572&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 6,886&nbsp; </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Inventory impairment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1.5pt 0pt 2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -78.4pt; MARGIN: 0cm 5pt 0cm 73pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">- Lower of cost or market </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">3,214</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1.4pt 0pt 2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(2,219)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">201&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,196&nbsp; </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">- Obsolescence</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">781</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1.5pt 0pt 2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">245</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">93&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,119&nbsp; </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Allowance for deferred tax assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2,489</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 2pt; BORDER-TOP: medium none; MARGIN-RIGHT: 1.4pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2,460</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(132)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">4,817 </FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 15,178</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (831)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (1,063)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 734&nbsp; </FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 14,018&nbsp; </FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Year ended December 31, 2011:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1.5pt 0pt 2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Allowance for doubtful accounts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 6,886</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="TEXT-INDENT: 0.55pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (1,555)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (664)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (53)&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 4,614&nbsp; </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Inventory impairment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1.5pt 0pt 2pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -78.4pt; MARGIN: 0cm 5pt 0cm 73pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">- Lower of cost or market </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,196</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,725</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(888)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(14)&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">2,019&nbsp; </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">- Obsolescence</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,119</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">268</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 1pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(81)&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">1,306&nbsp; </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0.45pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">- Charges related to flooding</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">3,572</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0.1pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="LINE-HEIGHT: 11pt; MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(130)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0px 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">3,442&nbsp; </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">Allowance for deferred tax assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">4,817 </FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">(3,942)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">&#8211;&nbsp;&nbsp; </FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">875 </FONT></P></DIV></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align=left><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$14,018 </FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 68</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (1,552)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ (278)&nbsp; </FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" lang=EN-US face="Times New Roman">$ 12,256&nbsp; </FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">During 2009, the copper prices on London Metal Exchange (the &#8220;LME&#8221;) gradually rose from $3,220 in January 2009 to $6,981 in December 2009. The previous recognized impairment of $24,268 due to lower of cost or market was credited to cost of sales for those finished goods which were sold at above market in 2009. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">During 2010, the Company exercised rigorous controls over raw-material inventory and through long-term copper future contacts reduced its exposure to the fluctuations in market prices for copper, which resulted in a significant reduction in the inventory impairment. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">During 2011, the decrease in commodity prices, including that of copper, resulted in a write-down of the cost of the inventory as of December 31, 2011. Copper prices on the LME fell from an average monthly price high of $9,555 in January 2011 to $7,657 in December 2011. As a result, inventory write-down to market of $1,725 was charged to cost of sales for the year ended December 31, 2011.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The impairment charge of $3,572 was related to flooding in Thailand (note 14).</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-26</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_28"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">11.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">INCOME TAXES </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 9pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under current Bermuda law, the Company is not subject to tax on income or capital gains, nor is withholding tax of Bermuda imposed upon payments of dividends by the Company to its shareholders.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company&#8217;s investments in the Operating Subsidiaries are held through subsidiaries incorporated in the British Virgin Islands (&#8220;BVI&#8221;).&nbsp; Under current BVI law, dividends from the BVI subsidiaries&#8217; investments are not subject to income taxes and no withholding tax is imposed on payments of dividends by the BVI subsidiaries to the Company.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Operating Subsidiaries and equity investees are governed by the income tax laws of Singapore, Thailand, Australia and the People&#8217;s Republic of China.&nbsp; The corporate income tax rate in Singapore was 17% for each of the three years ended December 31, 2011, and there is no </FONT><FONT style="LINE-HEIGHT: 11pt; BACKGROUND: white; FONT-SIZE: 11pt" lang=EN-US face="times new roman">withholding tax on dividends applicable to the Company.&nbsp; For Thailand, the corporate income tax rate was 30% for each of the three</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> </FONT><FONT style="LINE-HEIGHT: 11pt; BACKGROUND: white; FONT-SIZE: 11pt" lang=EN-US face="times new roman">years ended December 31, 2011 and a withholding tax of 10% is levied on dividends received by the Company.</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> CTW is listed on Stock Exchange of Thailand (&#8220;SET&#8221;), its applicable corporate income rate was 25% for the first 300 million Baht of net profit and 30% for the amount exceeding 300 million Baht. The reduced rate of taxation applied for listed companies for three accounting periods from 2008 to 2010. </FONT><FONT style="LINE-HEIGHT: 11pt; BACKGROUND: white; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As a part of an initiative to promote Thailand&#8217;s competitiveness, the Thai Government announced in Royal Decree (No. 530) to provide for a red</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">uction of corporate income tax on December 21, 2012: (1) Reduction of corporate tax from 30% to 23% for accounting period from January 1, 2012; (2) Further reduction of corporate income tax to 20% for the subsequent two accounting periods from January 1, 2013. The tax reduction is valid for three years from 2012 to 2014. In Australia, the corporate income tax rate was 30% for 2009/2010, 2010/2011 and 2011/2012 tax years. The applicable corporate income tax rate for the subsidiaries in the People&#8217;s Republic of China was 25% for each of the three years ended December 31, 2011. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Pursuant to the Corporate Income Tax Law (the CIT Law) of the PRC that came into effect on January 1, 2008, all the enterprises generally are subject to corporate income tax at an effective rate of 25% on income as reported in their statutory accounts. An enterprise located in specially-designated regions or cities and eligible for the preferential policy in the form of a reduced tax rate shall have five years from the time when the CIT Law takes effect to transition progressively to the legally prescribed tax rate. During this period, an enterprise that enjoyed the 15% corporate income tax rate shall be subject to the 18% tax rate for the year 2008, 20% for the year 2009, 22% for the year 2010, 24% for the year 2011, and 25% for the year 2012.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">PEWS is located in Shenzhen, which is a region where preferential tax rates apply and currently qualifies for a reduced rate of taxation of 20%, 22%, and 24% for the years 2009, 2010, and 2011, respectively. PEWS is the only subsidiary of the Company in the PRC that qualifies for the preferential tax rates under the CIT Law.</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New"> </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Under the CIT law, dividend distributions of profits earned prior to January 1, 2008 to foreign investor(s) are exempt from withholding tax; distribution of the profits earned after January 1, 2008 is subject to withholding tax of 10%, reduced to 5% under the Arrangement between the Mainland of China and the Hong Kong Special Administrative Region on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income provided that the Hong Kong holding company, CCH(HK), is qualified as the &#8220;beneficial owner&#8221; of the dividend income under Cuoshuiban [2009] No.601.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-27</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">11.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">INCOME TAXES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Pre-tax income (loss) from continuing operations was taxed in the following jurisdictions:</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Year ended December 31,</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2009</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2011</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Thailand</FONT></P></TD>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 10,921 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 24,750 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 8,760 </FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Singapore</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,149</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,671</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(80)</FONT></P></TD></TR>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Australia</FONT></P></TD>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,020</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,176</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,130</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 8pt 0cm 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The People&#8217;s Republic of China</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,690</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,921</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">985</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Others</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(2,318)</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(3,665)</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(12,101)</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6.05pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.55pt 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">18,462</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">31,853</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">694</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.55pt 0pt 0pt"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.55pt 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Equity investees</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0cm 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The People&#8217;s Republic of China</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(40)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(21)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(58)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6.05pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 18,422 </FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 31,832 </FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 14.15pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="LINE-HEIGHT: 11pt; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 636 </FONT></P></FONT></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Significant components of the provision (benefit) for income taxes are as follows:</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Year ended December 31,</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2011</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Allocated to net income (loss)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Current:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Thailand</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 813</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 4,069</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 4,869</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Singapore</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The People&#8217;s Republic of China</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">814</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,324</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">679</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Australia</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">680</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">956</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,291</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="49%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.55pt 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total current</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,307</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,349</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,839</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Deferred:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Thailand</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,723</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">170</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,446)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Singapore</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">100</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">59</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(154)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The People&#8217;s Republic of China</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">389</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">197</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(43)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="49%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Australia</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">128</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(262)</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(316)</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="49%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total deferred</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,340</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">164</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,959)</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 31pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The benefits of operating loss carried forwards</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(72)</FONT></P>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(314)</FONT></P>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 4,647</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 6,441</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 4,566</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="49%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.55pt 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Allocated to other comprehensive income (loss)</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 18</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 84</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ &#8211;</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-28</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_30"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">11.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">INCOME TAXES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 6.2pt 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The parent company&#8217;s tax is filed in Bermuda, which does not have a statutory tax rate. The provision for income taxes differs based on the taxes incurred by the Operating Subsidiaries, in their respective jurisdiction. The Company determines its statutory tax rate based on its major commercial domicile that is its subsidiary in Thailand. The reconciliation of the statutory tax rate and the Company&#8217;s effective tax rate is as follows:</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Year ended December 31,</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Income tax at statutory tax rate in:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2011</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Tax provision at statutory rate (30%)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 5,755 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 9,608</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 191</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Foreign income taxed at different rate </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(455)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">881</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,350</FONT></P></TD></TR>

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   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="49%"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Expenses not deductible for tax purpose </FONT></P></FONT></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,437</FONT></P></FONT></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,684</FONT></P></FONT></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">753</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Impairment of goodwill not deductible for tax </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,637 </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Written-off deferred tax assets arising from </FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">liquidation of a subsidiary</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,633</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Reversal of valuation allowance arising from </FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">liquidation of a subsidiary</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(3,633)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 5pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Utilization of prior year tax losses </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(6,186) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Changes in valuation allowance </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(3,959) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,473 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(291) </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Written-off deferred tax </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,473</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">215</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">-</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 5pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Tax exempt on income </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,573)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(2,583)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,453)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 9pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Difference due to effect of tax holidays </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(141) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(583) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unrecognized tax benefits </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">708</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">354</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,026</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Deferred tax liability arising from </FONT></P>

   <P style="MARGIN: 0cm 0.7pt 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">undistributed earnings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">402</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">578</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">193</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-INDENT: -13.25pt; MARGIN: 0cm 0.7pt 0pt 13.25pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Effect of temporary tax rate changes on deferred tax assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">862</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(702) </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.85pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" vAlign=top width="49%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.55pt 0pt 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total tax income for the year</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 4,647</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 6,441</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 4,566</FONT></P></FONT></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Pacific Thai had deferred tax assets (mainly from prior year net operating losses) of $3,633 with a 100% valuation allowance as of December 31, 2010. Following the de-registration of Pacific Thai on January 5, 2011, its deferred tax assets could no longer be realized and thus were written off. The corresponding valuation allowance was reversed during the year. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-29</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_31"></A>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">11.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">INCOME TAXES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Deferred tax liabilities and assets comprised the following:</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="32%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">As of December 31</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Deferred tax liabilities:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Outside basis differences</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (1,973)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (2,172)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.8pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.55pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total deferred tax liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,973)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(2,172)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Deferred tax assets:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unused tax losses </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,480</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,181</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Allowance for doubtful accounts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,454</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">682</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Inventory impairment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">649</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">744</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Allowance for impairment in investment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,203</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">933</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Rebates and other accrued liabilities </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,420</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,980</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unpaid retirement benefits </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">854</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Charges related to flooding </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">874</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Deferred revenue and cost of sales</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">320</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.8pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.55pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total deferred tax assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">9,206</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">7,568</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Valuation allowance for deferred tax assets (note 10)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(4,817)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(875)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="66%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.55pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total deferred tax assets</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,389</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,693</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="66%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.8pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" vAlign=top width="66%"><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.55pt 0pt 0pt"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Net deferred tax assets</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 2,416</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 4,521</FONT></P></FONT></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The amount of deferred tax liabilities and assets at December 31, 2010 and 2011 were as follows:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="32%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31,</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Gross current deferred tax liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ (43)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ (49)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Gross current deferred tax assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,763</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,234</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Valuation allowance for deferred tax assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(400)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,363</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,234</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Net current deferred tax assets </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">3,320 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8.8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">5,185 </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Gross non-current deferred tax liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,930)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(2,123)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Gross non-current deferred tax assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.4pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,443 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,334 </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="66%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Valuation allowance for deferred tax assets</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(4,417) </FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(875) </FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.4pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,026 </FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,459 </FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="66%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Net non-current deferred tax assets </FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(904) </FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(664) </FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.5pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="66%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Net deferred tax assets</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 2,416</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 4,521</FONT></P></FONT></TD></TR></TABLE></DIV></DIV>

<P style="TEXT-ALIGN: center">F-30</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_32"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">11.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">INCOME TAXES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The deferred tax liabilities and assets are presented in the accompanying consolidated balance sheets as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="34%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31,</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Current </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Deferred tax assets </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 3,320 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 5,185 </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total current </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,320</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,185</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Non-current</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Deferred tax assets </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">677 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">517 </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Deferred tax liabilities </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,581)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,181)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="61%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total non-current</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(904) </FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" vAlign=top width="16%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(664)</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="61%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="61%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="16%"></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 4pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" vAlign=top width="61%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Net deferred tax assets</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 2,416</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" vAlign=top width="16%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 4,521 </FONT></P></FONT></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31, 2011, the Company has available unused net operating losses that may be applied against future taxable income and that expire as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 12pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 12pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="17%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 12pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=top width="26%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Date of expiration</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=top width="26%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 3,089</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="TEXT-INDENT: 9.45pt; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ </FONT><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New">&#8211;&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2012</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">5,399</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">656</FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2013</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">3,115</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">461</FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">5,069</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">853</FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2015</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">353</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">356</FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2016</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">839</FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">No expiration</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">1,396</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">1,801</FONT></P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 18,421</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 4,966</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 6.2pt 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The remaining net operating losses can be carried forward, subject to any condition to be met under the relevant tax laws of the respective jurisdictions. The utilization of these net operating loss carry forwards is subject to agreement by the income tax authorities in the respective jurisdictions.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31, 2010 and 2011, the Company is subject to taxation in The People&#8217;s Republic of China, Australia, Thailand, and Singapore.&nbsp; The Company&#8217;s tax years from 2006 and forward are still open examination by the tax authorities in various tax jurisdictions.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-31</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_33"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">11.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">INCOME TAXES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows: </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><B><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Change in Uncertain Tax Positions</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="52%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">As of December 31,</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=left><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2011</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Balance at January 1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 2,055</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 2,198</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 2,332</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="TEXT-INDENT: -11pt; MARGIN: 0cm 63.8pt 0pt 16pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Additions based on tax positions related to the current year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">143</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">134</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">308</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Additions for tax positions of prior years</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Settlements </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="MARGIN: 0cm 0.55pt 0pt 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Balance at December 31</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 12pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 2,198</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 12pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 2,332</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 2,640</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company is not expecting there would be any reasonably possible change in the total amounts of unrecognized tax benefits within twelve months of the reporting date. As of December 31, 2010 and 2011, the amount of unrecognized tax benefits (excluding interest and penalties) included in the balance sheet that would, if recognized, affect the effective tax rate is $2,332 and $2,640, respectively.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company recognized interest expense and penalties related to income tax matters as a component of income tax expense. The amount of related interest and penalties the Company have provided as of the reporting date, were:</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="52%" colSpan=6>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">As of December 31,</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 27.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2011</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Accrued interest on unrecognized tax benefits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 1,299</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 1,373</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 1,783</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Accrued penalties on</FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New"> </FONT><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">unrecognized tax benefits </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,806</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,948</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,256</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="48%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total accrued interest and penalties on Unrecognized tax benefits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 11pt; MARGIN: 0cm 12pt 3pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 3,105</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 12pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 11pt; MARGIN: 0cm 12pt 3pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 3,321</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 4,039</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The bases for interest and penalties are of 0.05% per day (18.25% annually) and 100% respectively of the relevant income tax liabilities. The Company recognized $74 and $142 in interest and penalties during 2010 and $410 and $308 in interest and penalties during 2011. As of December 31, 2010 and 2011, the Company recognized $3,321 and $4,039, respectively, in interest and penalties. &nbsp;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-32</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_119"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">12.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">VALUE ADDED TAX (&#8220;VAT&#8221;)</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 37.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 37.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">According to the value-added tax policy from the relevant tax authorities, the sales are subject to an output VAT, while the purchase of products is subject to an input VAT. VAT payable or receivable is the net difference between periodic output VAT and deductible input VAT. The revenue, expenses and assets are recognized net of the amount of VAT except where the VAT incurred in a purchase of assets or services is not recoverable from taxation authority, in which case the VAT is recognized as part of the cost of acquisition of the assets or as part of the expenses item as applicable. Receivable and payable that are stated with the VAT incurred. The net amount of VAT recoverable from, or payable to, the taxation authority is included as part of receivable or payable in the balance sheet.</FONT></P>

<P style="TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The VAT rates of our Operating Subsidiaries in various tax jurisdictions are:</FONT></P>

<P style="TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt 22.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">China </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="61%" colSpan=2>

   <P style="TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 56.65pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">17%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt 22.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Singapore</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="61%" colSpan=2>

   <P style="TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 56.65pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">7%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="39%">

   <P style="MARGIN: 0cm 0cm 0pt 22.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Thailand</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="61%" colSpan=2>

   <P style="TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 56.65pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">6%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="39%">

   <P style="TEXT-INDENT: 22pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Australia </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="58%">

   <P style="TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 56.65pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">10%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="3%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" face="Courier New"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="39%">

   <P style="TEXT-INDENT: 22pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="58%">

   <P style="TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 56.65pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="3%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" face="Courier New"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">13.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">COMMITMENTS AND CONTINGENCIES </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -49pt; MARGIN: 0cm 0cm 0pt 84pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(a)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Leases&nbsp;</FONT></P>

<P style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company leases certain machinery and equipment under capital leases for 2010 and 2011.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company leases a piece of land in Singapore and certain buildings under non-cancellable operating lease arrangements for terms from 5 to 30 years.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Future minimum payments under capital leases and non-cancellable operating leases with initial terms of one year or more consisted of the following as of December 31, 2011:</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Capital Leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Operating Leases</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2012</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 5.5pt; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 882</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 866</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2013</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 38.5pt; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">173 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">663</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">46</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">430</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2015</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">177</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2016</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">172</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Thereafter</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,354</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="61%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Net minimum lease payments</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 1,135</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="16%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 4,662</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Less: amount representing interest</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(57)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Present value of net minimum lease payments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 1,078</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="61%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Less: non-current portion included in other non-current liabilities</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(842)</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="61%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Current portion included in other current liabilities</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">236</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="16%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-33</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name=page_35></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND
SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share
data)</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">13.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">COMMITMENTS AND CONTINGENCIES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(a)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Leases (continued)</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Rental expense consisted of the following:</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>

  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="52%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="52%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="12%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="12%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="12%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="52%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Rentals under operating leases</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="12%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 1,013</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="12%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 937</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="12%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 911</FONT></P></FONT></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="52%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="12%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="12%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" vAlign=top width="12%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The capital lease liabilities are secured by the leased machinery and equipment
at cost of $330 and $195 as of December 31, 2010 and 2011, respectively. The
accumulated depreciation of these leased assets as of December 31, 2010 and 2011
amounted to $264 and $97, respectively. The depreciation of machinery and
equipment under capital leases are included in the depreciation expenses under
costs of sales.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The average discount interest rate implicit in the lease is in the range of
6.58% to 8.78% and 6.5% to 8.73% for 2010 and 2011, respectively.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(b)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">As of December 31, 2011, the Company and its subsidiaries
had commitments to purchase raw materials totaling $186.6 million to $243
million (23,774 to 30,936 metric tons), from third parties at the prices
stipulated in the contracts.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(c)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">As of December 31, 2011, Charoong Thai and its
subsidiaries had given continuing corporate guarantee of $9.7 million (2010:
$12.8 million) in respect of banking facilities extended to two Operating
Subsidiaries.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of December 31, 2010, two subsidiaries of Charoong Thai had commitments to
provide cross guarantees for credit lines of $66.2 million. There was no such
commitment as of December 2011.</FONT></P>
<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -36pt; MARGIN: 0cm 5pt 0cm 72pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of December 31, 2011, the Company provided a corporate guarantee not
exceeding the sum of $26.3 million (2010: $20.5 million) for the bond
performance and banking facility of Sigma Cable.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of December 31, 2011, there were outstanding bank guarantees of $18 million
(2010: $19.8 million) issued by the banks on behalf of Charoong Thai and its
subsidiaries in respect of certain performance bonds as required in the normal
course of business of the companies.&nbsp; These guarantees generally expire
within 1 year.</FONT></P>
<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(d)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">As of December 31, 2011, the Company and its subsidiaries
had capital commitment relating to the installation of equipment and acquisition
of machinery, totaling $1 million (2010: $0.1 million).</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(e)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">As of December 31, 2011, the Company and its subsidiaries
had commitments in respect of repair and maintenance consulting service with
unrelated parties and related parties totaling $0.1 million (2010: $0.2 million)
and $3.1 million (2010: $0.2 million) respectively.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(f)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">As of December 31, 2011, the Company pledged 112 million
shares of Charoong Thai to reserve a $14 million term loan facility and a $8
million trade facilities of CCH HK.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of December 31, 2010, SPFO pledged account receivables of $3.9 million
against a bank loan.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center">F-34</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_36></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND
SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share
data)</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">13.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">COMMITMENTS AND CONTINGENCIES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 24pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(g)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As disclosed in note 1, on June 28, 2007 SOF entered into
a shareholders&#8217; agreement with the Company and PEWC (the &#8220;Shareholders
Agreement&#8221;). On March 27, 2009, SOF sold 10.2% of the issued and outstanding
shares of the Company to PEWC. On July 1, 2011, SOF transferred its remaining
9.8% interest in the Company to COF, which became a party to the Amended
Shareholders Agreement, which provides for the following:</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0cm 72pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Indemnification</FONT></U></P>
<P style="MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The
Company must certify to SOF (now became COF) whether or not it is considered a
Controlled Foreign Corporation or a Passive Foreign Investment Company as of
each fiscal year end. Should this certification be challenged by the taxing
authorities and found to be incorrect, the Company must indemnify SOF (now
became COF) and its shareholders against interest and penalties that may be
imposed and reasonable attorney&#8217;s fees incurred.</FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">It
is management&#8217;s opinion that this indemnification will not result in any adverse
material financial consequence to the Company.</FONT></P>
<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Controlled Foreign Corporation is any foreign corporation
of which more than 50 </FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">percent of either -</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(1)
The total combined voting power of all classes of stock of the corporation
entitled to vote; or </FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(2)
The total value of the stock of the corporation, is owned by United States
shareholders on any day during the taxable year of such foreign
corporation.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#ff99cc face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Passive Foreign Investment Company (&#8220;PFIC&#8221;) has one of
the following attributes:</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(1)
At least 75% of the corporation's income is considered "passive", which is based
on investments rather than standard operating business.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(2)
At least 50% of the company's assets are investments that produce interest,
dividends and/or capital gains. </FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">PFICs include foreign-based mutual funds, partnerships
and other pooled investment vehicles that have at least one U.S.
shareholder.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=#ff99cc face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Registration Rights</FONT></U></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The
Company has prepared and filed with the SEC a registration statement on Form F-1
covering the resale of the &#8220;Registrable Securities&#8221; for an offering to be made
on a continuous basis pursuant to Rule 415 of the Securities Act of 1933, which
registration statement was declared effective under the Securities Act by the
SEC on March 11, 2009</FONT><U><FONT style="LINE-HEIGHT: 11pt; LETTER-SPACING: 0pt; FONT-SIZE: 11pt" lang=EN-US color=blue face="times new roman">, </FONT></U><FONT style="LINE-HEIGHT: 11pt; LETTER-SPACING: 0pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="times new roman">but requires the filing of a
post-effective amendment to include the most recent annual audited financial
statements, and, from time to time, unaudited financial statements for the six
month period then ended</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">. &nbsp;&#8220;Registrable Securities&#8221; includes the
shares beneficially owned by COF and the 10.2% of the common stock acquired by
PEWC from SOF in March 2009.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Subject to the Amended Shareholders&#8217; Agreement, the
Company must use its reasonable best efforts to keep such registration statement
continuously effective until (i) all Registrable Securities either have been
sold or may be sold without volume restrictions pursuant to Rule 144 of the
Securities Act of 1933 and (ii) COF receives freely transferable shares from the
Company&#8217;s transfer agent.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center">F-35</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_37></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND
SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share
data)</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">13.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">COMMITMENTS AND CONTINGENCIES </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Registration Rights (cont&#8217;d)</FONT></U></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">If
any such registration statement ceases to remain continuously effective for any
reason after the effective date and during any time when the registration
statement is required to be effective, or SOF (now became COF) is otherwise not
permitted to utilize the prospectus therein to resell such Registrable
Securities, in either case, for more than thirty (30) consecutive trading days
or more than an aggregate of sixty (60) trading days during any twelve month
period (an &#8220; Event &#8221;), then the &#8220;Put Right&#8221; (as explained in note 1) will become
immediately exercisable and will continue until such event has been
cured.</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">14.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">FLOODING IN THAILAND</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33.05pt; MARGIN: 0cm 0cm 0pt 33.05pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Siam Pacific, a wholly owned subsidiary of Charoong Thai,
suspended operations temporarily in 2011 due to damage sustained from the
region&#8217;s recent flooding. The facility of Siam Pacific, located 30 kilometers
north of Bangkok, manufactures enameled wire and communication wire. The
facility sustained water damage, as the water level reached approximately 1.5
meters which damaged some of the machinery and equipment in the plant, as well
as some of the inventory in the warehouse. As a result, the Company recorded
$3,947 of flood-related charges, including property, plant and equipment,
impairments, repairing charges and a write-down of damaged inventory and
recognized $874 of deferred tax asset related to the charges in 2011. These
charges are separately stated as a line item, &#8220;Charges related to flooding&#8221;
included in operating expense on the consolidated statement of operations.
</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The
Company&#8217;s insurance policy covers the flood damage to the building, machinery,
and inventory; however, it does not cover losses incurred due to the business
disruption. The process of submitting claims to the Company&#8217;s insurers is still
ongoing and the Company is unable to determine of the amount of losses to be
recovered from the insurance company. </FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The
following table summarizes the flood related charges for the year ended December
31, 2011:</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="84%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="times new roman">Inventory
      write-down </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 3,572</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="84%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Property, plant and equipment impairment
    </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">25</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="84%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Repairing charges </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="16%">
      <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0cm; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt 8.8pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">350</FONT></P></DIV></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="84%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total charges </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 3,947</FONT></P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">F-36</P>
<HR align=center SIZE=2 width="100%" noShade>

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<A name="page_123"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">15.&nbsp;&nbsp;&nbsp; FAIR VALUE DISCLOSURES</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> &nbsp;</FONT></P>

<P style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Cash and cash equivalents</FONT></U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">:&nbsp; The carrying amount reported in the balance sheet for cash and cash equivalents approximates its fair value because of the short-term maturity of these instruments.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Bank deposits</FONT></U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">:&nbsp; The carrying amount reported in the balance sheet for bank deposits approximates its fair value because of the short-term maturity of these instruments.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0cm 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">Accounts receivable and accounts payable</FONT></U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">:&nbsp; The carrying amounts reported in the balance sheet for accounts receivable and accounts payable approximate their fair values because of the short-term maturity of these instruments.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0cm 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">Related party balances</FONT></U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">:&nbsp; The carrying amounts reported in the balance sheet for related party balances approximate their fair values because of the short-term maturity of these instruments.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.1pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Short-term debt</FONT></U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">: The carrying amounts of the Company&#8217;s borrowings under its short-term revolving credit arrangements approximate their fair values. The fair value of the non-interest bearing short-term debt from related parties approximates to its carrying amount as it is repayable on demand. &nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 2.75pt; MARGIN: 0cm 0cm 0pt 71.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Investment securities</FONT></U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">: The fair values of marketable equity securities are based on quoted market prices, details of which are set out in note 7. In accordance with ASC 820, the marketable securities are classified within Level 1 of fair value hierarchy. It is not practicable to estimate the fair values of the equity investments that do not have a quoted market price, without incurring excessive costs. In accordance with ASC 820, such instruments are classified in the Level 3 of fair value hierarchy.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Forward exchange contracts</FONT></U><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">: The fair values of forward exchange contracts are estimated by reference to market quotations for forward contracts with similar terms, adjusted where necessary for maturity differences. The foreign currency forward contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 2.75pt; MARGIN: 0cm 0cm 0pt 28.3pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">16.&nbsp;&nbsp;&nbsp; CONCENTRATIONS OF RISKS</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36.55pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(a)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Concentrations of credit risk</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, bank deposits, investments, investment securities and trade accounts receivable.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company maintains cash and cash equivalents with various financial institutions. These financial institutions are located in Singapore, Thailand, Australia, Hong Kong and the People&#8217;s Republic of China.&nbsp; The Company&#8217;s policy is designed to limit its exposure to any one institution.&nbsp; The Company performs periodic evaluations of the relative credit standing of those financial institutions that are considered in the Company&#8217;s investment strategy.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of entities comprising the Company&#8217;s customer base. The Company carefully assesses the financial strength of its customers and generally does not require any collateral. At December 31, 2011, no single group or customer represents greater than 10% of the Company&#8217;s accounts receivable. The Company&#8217;s exposure to credit risk arises from default of counterparty, with maximum exposure equal to the carrying amount of these financial instruments.&nbsp; </FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-37</P>

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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">16.&nbsp;&nbsp;&nbsp; CONCENTRATIONS OF RISKS</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -55pt; MARGIN: 0cm 0cm 0cm 90pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(a)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Concentrations of credit risk (cont&#8217;d)</FONT></P>

<P style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company is exposed to credit loss in the event of non-performance by counter parties on foreign exchange contracts, but the Company does not anticipate non-performance by any counter parties.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35pt; MARGIN: 0cm 0cm 0cm 70pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(b)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Concentrations of customers</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 69.8pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">One customer accounted for more than 10% of the total revenue for the year ended December 31, 2009 (note 20). No single customer accounted for more than 10% of the total revenue for the years ended December 31, 2010 and 2011.&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -55pt; MARGIN: 0cm 0cm 0cm 90pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(c)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Risk related to copper and supplier</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 8pt" lang=X-NONE face="Courier New">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Copper is the principal raw material used by the Company. The Company purchases copper at prices closely related to the prevailing international spot market prices on the London Metal Exchange for copper. The price of copper is influenced heavily by global supply and demand as well as speculative trading. Consequently, a change in the price of copper will have a direct effect on the Company&#8217;s cost of sales.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Substantially all of the Company&#8217;s copper rods are supplied by PEWC. In addition to copper rod, the Company purchases high voltage power cable from PEWC for distribution purposes. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 71.1pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -55pt; MARGIN: 0cm 0cm 0cm 90pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(d)</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Foreign exchange risk</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 70.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in exchange rates influence the Company&#8217;s results of operations. The Company&#8217;s principal operations are located in Thailand, the People&#8217;s Republic of China (&#8220;PRC&#8221;) and Singapore and a substantial portion of its revenues are denominated in Thai Baht, U.S. Dollars or Singapore Dollars, whereas a substantial portion of the Company&#8217;s cost of sales are denominated in U.S. Dollars. Any devaluation of the Thai Baht or Singapore dollar against the US dollar would have an adverse impact on the operations of the Company.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(e)</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Current vulnerability due to certain other concentrations</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 60pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company conducts substantial business operations in the PRC. The results of operations and prospects may be adversely affected by significant economic, legal and other developments in the PRC. Although the PRC government has been pursuing economic reform policies for more than 20 years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the PRC&#8217;s political, economic and social conditions. There is also no guarantee that the PRC government&#8217;s pursuit of economic reforms will be consistent or effective.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(f)</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;C</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="times new roman">oncentration in the geographic area</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 60pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company conducts substantial business operations in the Thailand, PRC, Singapore and Australia. See note 20 &#8211; Segment Financial Information for details.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-38</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_40"></A><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="times new roman"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face="times new roman"></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">17.&nbsp;&nbsp;&nbsp; RELATED PARTY BALANCES AND TRANSACTIONS&nbsp;&nbsp; </FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The related parties are defined as affiliates of the Company; entities for which investments are accounted for by the equity method by the Company; the principal owners of the Company; its management; members of the immediate families of the principal owners of the Company and its management.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Moon View, PEWC, Singapore Branch and PEWC Singapore Co. (Pte) Ltd are controlled by PEWC.&nbsp; Moon View is the immediate holding company of the Company. Italian-Thai is the minority shareholder of one of the Company&#8217;s Operating Subsidiaries in Thailand. Shandong Yanggu is the shareholder of one of the Company&#8217;s Operating Subsidiaries in China. SPHC is one of the Company&#8217;s equity investees. Fujikura Limited is a shareholder of one of the Company&#8217;s Operating Subsidiaries in Thailand. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">December 31, </FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2011</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Due from:</FONT></P></TD>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

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   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">PEWC</FONT></P></TD>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 1,628&nbsp; </FONT></P></TD>

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   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 1,797&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">PEWC, Singapore Branch</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,030&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,071&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -8.6pt; MARGIN: 0cm 0.55pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Italian-Thai Development Public Company Limited (&#8220;Italian-Thai&#8221;) and its affiliates</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,346&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,180&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">SPHC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,631&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,179&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0cm 11pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Shandong Yanggu Wire &amp; Cable Corp Ltd (&#8220;Shandong Yanggu&#8221;) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT></P>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">514&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT></P>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">97</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 8,246</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 5,227</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Due to:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">PEWC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 11,389&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 9,490&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">PEWC, Singapore Branch</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">891&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">893&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">PEWC Singapore Co. (Pte) Ltd.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,262&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,276&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Shandong Yanggu </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">9&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Fujikura Limited</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">224&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">184&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Thai Metal Processing Co., Ltd.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">112&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">60&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -8.6pt; MARGIN: 0cm 0.55pt 0pt 8.6pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SPHC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,858&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,384&nbsp; </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" height=27 vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Shandong Huayu</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">395</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">406</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 17,140</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 14,693</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Short-term loan from:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Moon View Ventures Limited (&#8220;Moon View&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 1,732</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 1,732</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="64%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 1,732</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="4%" align=right>

   <P style="MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 1,732</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The interest rates on the above balances with related parties range from 1.25% to 1.38% and are repayable upon demand. All balances with related parties are unsecured.</FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-39</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_41"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt">&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">17.&nbsp;&nbsp;&nbsp; RELATED PARTY BALANCES AND TRANSACTIONS</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> (continued)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The transactions undertaken with related parties are summarized as follows:</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 6.75pt; MARGIN-RIGHT: 6.75pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="46%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Year ended December 31, </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Purchases of copper from PEWC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 33,426 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 42,236 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 44,466 </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Purchases of power cables from PEWC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">12,211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,846</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">7,164</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -14.2pt; MARGIN: 0cm 0.7pt 0pt 14.2pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Purchases of raw materials from Thai Metal Processing Co. Ltd</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">955</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,153</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,139</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Purchases of goods from PEWC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">11,247</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">210</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">320</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Purchases of goods from Fujikura Limited</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,946</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,536</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">1,348</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Sales to Italian Thai and its affiliates</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,144</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,741</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,663</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 9.05pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Sales to PEWC </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">65</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 9.05pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 11pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Interest expense paid to PEWC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">135</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0pt 11pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Interest expense paid to PEWC</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="times new roman"> Singapore Co. (Pte) Ltd</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">13</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0pt 11pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Interest income from Italian Thai Development Public Co Ltd</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Management fee paid to PEWC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">147</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">204</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">239</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Management fee received from PEWC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 5pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">19</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Management fee received from PEWC, Singapore Branch </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 5pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">14</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0pt 11pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Management fee received from Italian Thai Development Public Co., Ltd</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">63</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">34</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 23.45pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -14.5pt; MARGIN: 0cm 0.55pt 0pt 14.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="times new roman">Dividend income from Thai Metal Processing Co. Ltd. </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">65</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">106</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 16.75pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="51%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 16.75pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="51%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Information technology service fee paid to PEWC </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">

   <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">36</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">35</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">38</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0pt 0pt 42.55pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="times new roman"><BR clear=all></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-40</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_42"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">17.&nbsp;&nbsp;&nbsp; RELATED PARTY BALANCES AND TRANSACTIONS</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> (continued)</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Copper is the major raw material of the Company&#8217;s wire and cable products.&nbsp; The Company purchases copper in the form of copper rods and copper cathode.&nbsp; Copper cathode is purchased by Siam Pacific to avoid the high import tariffs levied on copper rods.&nbsp; Copper cathode needs to be processed into copper rods prior to the manufacturing of wire and cable products.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Substantially all of the Company&#8217;s copper rods are supplied by PEWC while copper cathodes are supplied by unrelated third parties. The price of copper rods purchased from PEWC is determined by reference to the quoted copper prices on the London Metal Exchange (the &#8220;LME&#8221;) plus a certain premium.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to copper rods, the Company purchases high voltage power cable from PEWC for distribution purposes. The purchase price of power cable from PEWC is determined by reference to the quoted copper prices on the LME. No sales commission was received from PEWC during the years 2009, 2010 and 2011.&nbsp;&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp; &nbsp;</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the composite services agreement:</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PEWC will sell copper rod to the Company, upon the Company&#8217;s request, (i) at a price consisting of the average spot price of copper on the LME for the one month prior to purchase plus an agreed upon premium, (ii) at prices and on terms at least as favorable as it provides copper rod to other purchasers of similar amounts of copper rod in the same markets as PEWC and (iii) will give priority in the supply of copper rod to the Company over other purchasers of copper rod from PEWC.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PEWC grants to the Company the right to distribute any wire or cable product manufactured by PEWC in all markets in which the Company presently distributes or develops the capability to distribute in the future, such products on such terms as have historically been in effect or on terms at least as favorable as PEWC grants to third parties that distribute such products in such markets.&nbsp; However, PEWC shall not be required to grant to the Company the right to distribute products manufactured by PEWC in the future in markets where the Company does not currently have the capability to distribute unless and until PEWC has no pre-existing contractual rights which would conflict with the grant of such right to the Company.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PEWC will make available to the Company, upon the Company&#8217;s request and on terms to be mutually agreed between PEWC and the Company from time to time, access to certain of PEWC&#8217;s technology (and PEWC personnel necessary to use such technology) with respect to the design and manufacture of wire and cable products, including, without limitation, certain fiber optic technology.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PEWC will make available to the Company, upon the Company&#8217;s request and on terms to be mutually agreed between PEWC and the Company from time to time, certain services with respect to the design and manufacture of wire and cable products, computerization, inventory control, purchasing, internal auditing, quality control, emergency back-up services, and recruitment and training of personnel; such services may include the training of the Company&#8217;s employees and managers at PEWC facilities and the secondment of PEWC employees and managers to the Company.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="FONT-SIZE: 11pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="FONT-SIZE: 11pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each of PEWC and the Company will offer the other party the right to participate in any negotiations with a third party concerning the establishment of any facility or similar venture to manufacture or distribute any wire or cable product outside of the markets where the Company currently manufactures or distributes, or intends to develop the capability to manufacture or distribute, any wire or cable product.&nbsp; Unless the Company and PEWC mutually agree otherwise, the Company shall have the right of first refusal to enter into any definitive agreement with such third party.&nbsp; If, however, such third party would not agree to the substitution of the Company for PEWC or such substitution would prevent the <FONT style="FONT-SIZE: 11pt" face="times new roman">successful completion of the facility or venture,&nbsp; PEWC will arrange for the Company to participate to the extent possible.</FONT></FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-41</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">17.&nbsp;&nbsp;&nbsp; RELATED PARTY BALANCES AND TRANSACTIONS</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> (continued)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 8pt" lang=X-NONE face="Courier New"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Without the consent of the Company, PEWC will not compete with respect to the manufacture of wire and cable products in any market in which the Company is manufacturing or has taken significant steps to commence manufacturing.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For purposes of the composite services agreement, each province in China is considered the equivalent of a market.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The composite services agreement dated November 7, 1996 has a three-year term. The Agreement originally expired on November 7, 1999. The Company gave a notice to extend the Agreement by successive one-year periods commencing on April 20, 2001. The notice is treated as a standing notice for successive one-year period renewals until further written notice from the Company.&nbsp; </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To the extent that transactions occur in the future between the Company and PEWC or affiliates of PEWC other than under the Composite Service Agreement, such transactions will be entered into on an arm&#8217;s length basis on terms no less favorable than those available from unaffiliated third parties.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">18.&nbsp;&nbsp;&nbsp; DEFINED CONTRIBUTION AND BENEFIT PLANS</FONT></B></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; BACKGROUND: white"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company records the funded status of the Company&#8217;s defined benefit plans in the consolidated balance sheet. Actuarial gains and losses and prior service costs continue to be deferred and recognized in expense ratably over appropriate future periods, but the overfunded or underfunded status of the defined benefit plans is now measured as the difference between the fair value of plan assets and the projected benefit obligation (&#8220;PBO&#8221;). This difference is recorded as an asset (if overfunded) or a liability (if underfunded), with a corresponding adjustment to accumulated other comprehensive loss, net of tax. The net unrecognized actuarial loss and unrecognized prior service costs are recognized in net periodic benefit cost in the consolidated statements of operations, those amounts are reclassified from accumulated other comprehensive (loss) income. The Company currently measures the funded status of its plan as of the balance sheet date.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">In accordance with the Thailand labor law, Charoong Thai</FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face=pmingliu> </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=X-NONE face="times new roman">is obliged to make payment to retiring employees, at rates of 1 to 10 times of their final month&#8217;s salary rate, depending on the length of service. During the financial year 2011, the Company&#8217;s total expense included $288 (2010: $539; 2009: $451).&nbsp; The plan is not funded and the amount is recognized in Other Current Liabilities in the balance sheet. The Company pays to settle the obligations as and when employees retire.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company has several defined contribution plans covering its employees in Australia, the People&#8217;s Republic of China (&#8220;PRC&#8221;) and Singapore. Contributions to the plan are made annually. Total charges of continuing operations for the years ended December 31, 2009, 2010 and 2011 were $615, $708, and $891, respectively and for years ended December 31, 2009 and 2010 and period ended November 30, 2011 that of discontinued operations were $77, $138 and $205, respectively.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center">F-42</P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">18.&nbsp;&nbsp;&nbsp; DEFINED CONTRIBUTION AND BENEFIT PLANS </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp;</FONT></P>

<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.55pt; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">In conformity with ASC 715 </FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8220;Compensation &#8211; Retirement Benefits&#8221;</FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> (&#8220;ASC 715&#8221;), the following table sets forth the Plan&#8217;s funded status and pension amounts recognized as at December 31, 2010 and 2011 based on the latest actuarial valuation:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 14.2pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2009</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 14.2pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 14.2pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6pt 0pt 0cm" align=right><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P></TD>

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<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.7pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Change in benefit obligation:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6pt 0pt 0cm" align=right><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.15pt 0pt 0cm" align=right><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.15pt 0pt 0cm" align=right><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Benefit obligation at beginning of year </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 2,012 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 2,761 </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Foreign currency translation adjustments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">285</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(136)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Service cost</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">302</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">181</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Interest cost</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">223</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">106</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Benefits paid</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(61)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(219)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Actuarial loss</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">244</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Curtailment </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(2)</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Benefit obligation at end of year</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 2,761 </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 2,935 </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Change in plan assets:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Fair value of plan assets at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 14pt" lang=EN-US face="times new roman"></FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="times new roman">&#8211;&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ </FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 14pt" lang=EN-US face="times new roman"></FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="times new roman">&#8211;&nbsp;</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Employer&#8217;s contribution</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Fair value of plan assets at end of year</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8211; </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8211; </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Funded status</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ (2,761)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ (2,935)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unrealized net transition obligation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8211; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8211; </FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Unrecognized net actuarial loss (gain)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8211; </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&#8211; </FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Accrued benefit cost</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ (2,761)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ (2,935)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Components of net periodic benefit cost:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Service cost</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 374</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 302</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 181</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Interest cost</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">85</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">223</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">106</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Amortizations of:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unrecognized net prior service cost (credit)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(8) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(8) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(8) </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unrecognized actuarial loss</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">22</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">9</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Net periodic benefit cost</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 451</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 539</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 288</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Amounts recognized in accumulated other comprehensive loss</FONT></P>

   <P style="TEXT-INDENT: 11pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">consist of the following: (recognized under ASC 715)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Actuarial loss </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 68 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 669 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 602 </FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Prior service (credit) cost</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="times new roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(129)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">7</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total recognized in other comprehensive loss</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 68</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 540</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 609</FONT></P></TD></TR></TABLE></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The accumulated benefit obligations amounted to $2,761 and $2,935 as of December 31, 2010 and 2011, respectively.</FONT></P>

<P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The estimated net loss and prior service cost (credit) for the defined benefit plans that will be amortized from accumulated other comprehensive (loss) income into net periodic benefit cost over the next fiscal year are $(27) and $8, respectively.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The actuarial loss increased in 2011 due to the change in assumption:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 54pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">-</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Discount rate was changed from 4.8% per annum to 3.8% for 2012 to reflect prevailing bond yield.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 54pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">-</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The mortality rate have been updated from TMO97 table (Thailand Mortality Ordinary Lite Tables 1997) to TMO98 table (Thailand Mortality Ordinary Lite Tables 2008) reflect the latest available mortality study.&nbsp; </FONT></P></DIV>

<P style="TEXT-ALIGN: center">F-43</P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_45"></A>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">18.&nbsp;&nbsp;&nbsp; DEFINED CONTRIBUTION AND BENEFIT PLANS </FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(continued)&nbsp; </FONT></P>

<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The significant assumptions used in determining the actuarial present value of the projected benefit obligations as of December 31, 2010 and 2011 are as follows:</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 9pt 0pt 0cm"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10.5pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Discount Rate </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.8%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.2%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Rate of Increase in Compensation Levels </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <P style="MARGIN: 0cm 5pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">6.0%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <P style="MARGIN: 0cm 5pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">6.0%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Employee turnover rates:-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <P style="TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <P style="TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Prior to age 35 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <P style="MARGIN: 0cm 5pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.0% - 15.0%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <P style="MARGIN: 0cm 5pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">4.0% - 15.0%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="times new roman">Age 35 to 50 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <P style="MARGIN: 0cm 5pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2.0% - 7.0%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=center>

   <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 5pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2.0% - 7.0%</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="66%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Age 51 to 60 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">0.0% - 2.0%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 1.2pt 0pt 34.9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid: </FONT></P>

<P style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp; &nbsp;</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 70%; MARGIN-LEFT: 6.75pt; MARGIN-RIGHT: 6.75pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD vAlign=top width="85%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Year ended December 31</FONT></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="15%">

   <P style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD vAlign=top width="85%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2012</FONT></P></TD>

   <TD vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 5pt; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 24</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="85%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2013</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">221</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="85%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2014</FONT></P></TD>

   <TD vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">33</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="85%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2015</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">257</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="85%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2016</FONT></P></TD>

   <TD vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">121</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="85%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2017 - 2021</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,171</FONT></P></DIV></TD></TR>

<TR>

   <TD vAlign=top width="85%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="15%">

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 1,827</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"><BR clear=all></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-44</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_46"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">19.&nbsp;&nbsp;&nbsp; DISCONTINUED OPERATIONS</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 35.4pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company entered into an agreement to dispose its 51% equity interest in the SPFO joint venture to a group of investors in exchange for a total cash consideration of RMB18.5 million (approximately $2.9 million), effective upon the directors&#8217; approval on September 7, 2011. The purpose of the disposal is to focus on the Company&#8217;s core wire and cable business that are more profitable by divesting its non-core fiber-optics cable, of which the market in china has very competitive. The share transfer was completed on December 1, 2011, consequently, the Company&#8217;s deconsolidated SPFO effective December 1, 2011. The Company recognized $1,962 gain on disposal of a subsidiary in consolidated statement of operations.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">SPFO was consolidated prior to its disposal and it met the criteria for reporting as discontinued operations. Therefore, the results of operations of SPFO and the gain of the disposal have been classified as &#8220;Income from operations of discontinued SPFO&#8221; in the consolidated statement of operations for the year ended December 31, 2011 and prior periods' amounts have been reclassified accordingly. </FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Results from discontinued operations related to SPFO for the years ended December 31, 2009 and 2010 and period ended November 30, 2011 are as follows:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="46%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Year ended December 31,</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2009</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2010</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2011</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Net sales </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 35,993</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 22,736</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 30,210</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.7pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Cost of sales </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(30,244)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(18,072)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(25,111)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Gross profit</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,749</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,664</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,099</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Selling, general and administrative expenses </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(4,456)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(3,545)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(4,809)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Recovery of doubtful accounts </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">752</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">377</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">68</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Income from discontinued operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,045</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,496</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">358</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Exchange gain, net </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">-</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Interest income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">110</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">129</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Interest expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,000)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,197)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,336)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Other income (expenses)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">85</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">37</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(38)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">Income (loss) before income tax</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,150</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">446</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(887)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="TEXT-ALIGN: left; MARGIN: 0cm" align=left><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Gain on disposal of SPFO</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,962</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Income from operations of discontinued SPFO</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,150</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">446</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,075</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Income tax</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(697)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(450)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(229)</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Net income (loss) of discontinued operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 453</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (4)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 846</FONT></P></DIV></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Net income (loss) attributable to non-controlling interests</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">222</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(2)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(547)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=top width="53%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Net income (loss) attributable to APWC </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">231</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(2)</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" align=right>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,393</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;The transactions undertaken with related parties are summarized as follows:</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6.75pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="46%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Year ended December 31, </FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="times new roman">Purchases of goods from Shandong Yanggu</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">317</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="times new roman">Sales to Shandong Yanggu</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">96</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">536</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.7pt 0pt 9.05pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Sales to SPRC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">160</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">157</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.7pt 0pt 9.05pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Interest expense paid to Shandong Yanggu </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">63</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%">

   <P style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.7pt 0pt 9.05pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Management fee paid to Shandong Yanggu </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">387</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">20.&nbsp;&nbsp;&nbsp; SEGMENT FINANCIAL INFORMATION</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> &nbsp;</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Description of Products by Segment</FONT></I></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><FONT style="DISPLAY: none" face="times new roman"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">t57 ititivein china has very re than 10% of the total reveune 4 (2010:$28,484) of a subsidiary as at Decebsidiary as at Deceents</FONT></FONT><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">In accordance with ASC 280, </FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"><FONT style="DISPLAY: none; COLOR: teal; FONT-SIZE: 12px" face=times> </FONT>&#8220;<FONT style="DISPLAY: none; COLOR: teal; FONT-SIZE: 12px" face=times> </FONT>Segment Reporting <FONT style="DISPLAY: none; COLOR: teal; FONT-SIZE: 12px" face=times> </FONT>&#8221;<FONT style="DISPLAY: none; COLOR: teal; FONT-SIZE: 12px" face=times> </FONT></FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">, the Group chief operating decision maker has been identified as the chief operating officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. According to the management approach, the Company currently operates in three operating segments: (1) manufacturing of wire and cable products (&#8220;Manufactured products&#8221;), (2) distribution of copper and cable products manufactured by PEWC (&#8220;Distributed products&#8221;) and (3) sales, delivery and installation of wires and cables (&#8220;SDI&#8221;).</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Measurement of Segment Profit or Loss and Segment Assets</FONT></I></P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The Company evaluates performance and allocates resources based on profit or loss from operations before interest, gains and losses on the Company&#8217;s investment portfolio, and income taxes. The accounting policies of the reportable segments, including transactions entered between reportable segments, are the same as those described in the summary of significant accounting policies.</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Year ended December 31,</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2009</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Revenues</FONT></I></P></TD>

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   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Revenues from external customers:</FONT></P></TD>

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   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Manufactured products</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 264,128</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 396,059</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 429,474</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Distributed products</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">28,102</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">26,935</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">25,500</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Supply, delivery and installation of wires and cables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">34,008</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="MARGIN: 0cm 4.5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">23,600</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>

   <P style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">16,972</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Total revenues from external customers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 326,238</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 446,594</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 471,946</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Intersegment revenues:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Manufactured products</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 12,235</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 3,143</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 3,283</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Distributed products</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="TEXT-INDENT: 45pt; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New">&#8211;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">9,898</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">13,960</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Total intersegment revenues</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 12,235</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 13,041</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 17,243</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Total segment revenues</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 338,473</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 459,635</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 489,189</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Reconciling item</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Elimination of intersegment revenues</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(12,235)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(13,041)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">(17,243)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%" align=right>

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="49%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Total revenues </FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 326,238</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 446,594</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.55pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 471,946</FONT></P></FONT></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-46</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name=page_48></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND
SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share
data)</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">20.&nbsp;&nbsp;&nbsp; SEGMENT FINANCIAL
INFORMATION</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> (continued)</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>

  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%" colSpan=5>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Year ended December 31,</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 27.5pt; MARGIN: 0cm 10pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 5.65pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Segment profit (loss)</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 5.65pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Manufactured products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 14,288</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 53,429</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 42,876</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Distributed products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,517</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,378</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,955</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Supply, delivery and installation of wires and
      cables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">889</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">242</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">57</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Inventory impairment </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">23,949</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">1,974</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,993)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Total segment profit</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 40,643</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 57,023</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 43,895</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Reconciling items</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Corporate and other expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(24,228)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(28,371)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(42,079)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Exchange gain (loss)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">507</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,041</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,346)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Interest income</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">458</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">492</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,409</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Interest expense</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,597)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,364)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(2,217)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Share of net loss of equity investees</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(40)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(21)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(58)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Gain on liquidation of subsidiary </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">568</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Other income</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2,111</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,032</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,032</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0cm 11pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Income from continuing operations before income
      taxes </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
      <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 18,422</FONT></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
      <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 31,832</FONT></P></DIV></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
      <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">
      <P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 636</FONT></P></DIV></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></I>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Segment assets</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Manufactured products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 280,179</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 374,634</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 326,960</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Distributed products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,363</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">8,195</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,369</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Supply, delivery and installation of wires and
      cables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">864</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">359</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">357</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Total segment assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 287,406</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 383,188</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 331,686</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Reconciling items</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Corporate and other assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,383</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">493</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1,168</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Investment in equity investee
    companies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,263</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,242</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,435</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 7.75pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Total assets </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 296,052</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 386,923</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 337,289</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Expenditures for additions to long-lived
      assets</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Manufactured products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 3,260</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 3,650</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 8,775</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Distributed products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Supply, delivery and installation of wires and
      cables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Corporate</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">113</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="49%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total expenditure for additions to long-lived
      assets</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 3,260</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 3,653</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 8,888</FONT></P></FONT></TD></TR></TABLE></DIV>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center">F-47</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_49></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND
SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share
data)</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">20.&nbsp;&nbsp;&nbsp; SEGMENT FINANCIAL
INFORMATION</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> (continued)</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>

  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="50%" colSpan=5>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Year ended December 31,</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Depreciation expenses</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Manufactured products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (8,165)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (6,474)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (6,014)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Distributed products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Supply, delivery and installation of wires and
      cables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="times new roman">Corporate</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(14)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(14)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(52)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Depreciation expenses of continuing operations
      </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (8,179)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (6,488)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="TEXT-INDENT: -6.8pt; MARGIN: 0cm 0cm 0pt 6.8pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (6,066)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="times new roman">Depreciation expenses of discontinued
      operations</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(762)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(369)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(396)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="47%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total depreciation expenses </FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(8,941)</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(6,857)</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(6,462)</FONT></P></FONT></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Impairment loss of long-lived assets and
      goodwill</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Manufactured products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ &#8211; </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ &#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (8,816) </FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Distributed products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="TEXT-INDENT: 5.5pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm 3.35pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Supply, delivery and installation of wires and
      cables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm 3.35pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-GB face="times new roman">Corporate </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(77)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;&nbsp; </FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 4.9pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" vAlign=top width="47%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Total impairment loss </FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (77)</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ &#8211;</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (8,816)</FONT></P></FONT></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6.4pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Interest income</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Manufactured products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 408</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 454</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 1,305</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Distributed products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">21</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">27</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="TEXT-INDENT: 16.5pt; MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">81</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Supply, delivery and installation of wires and
      cables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">29</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">11</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Corporate</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">20</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="47%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 0.7pt 0cm 7.55pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Total interest income of continuing operations
      </FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 458</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 492</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 1,409</FONT></P></FONT></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Interest expense</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Manufactured products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm 0cm 0pt 0pt" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (1,414)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (1,203)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (2,050)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Distributed products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(59)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(73)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(88)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Supply, delivery and installation of wires and
      cables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(87)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(39)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(39)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Corporate</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(37)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(49)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(40)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 3pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="47%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 0.7pt 0cm 7.55pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Total interest expense of continuing operations and
      discontinuing operations</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (1,597)</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (1,364)</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (2,217)</FONT></P></FONT></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><I><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Share of net loss of equity investees
      </FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Manufactured products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ &#8211; </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ &#8211; </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ &#8211; </FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Distributed products</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Supply, delivery and installation of wires and
      cables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&#8211;</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Corporate</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(40)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(21)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(58)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="47%">
      <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="14%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="15%" align=right>
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="47%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total share of net loss of equity
      investees</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (40)</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="4%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="14%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (21)</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="3%" align=right>
      <P style="MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" vAlign=top width="15%" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">
      <P style="MARGIN: 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ (58)</FONT></P></FONT></TD></TR></TABLE></DIV>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"><BR clear=all></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center">F-48</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_135"></A>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share data)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">20.&nbsp;&nbsp;&nbsp; SEGMENT FINANCIAL INFORMATION</FONT></B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"> (continued)</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 16.2pt 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There is no sales of 10% or more of the total revenue to a single customer for 2010 and 2011. In 2009, sale to SP Powerassets Ltd. exceeded 10% of total revenue, which included sales of manufactured products, distributed products, and sales, delivery and installation of wires and cables, are as follows:</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="83%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="17%" colSpan=2>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" face="Courier New"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="83%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -18.7pt; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2009</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="83%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -18.7pt; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="83%">

   <P style="MARGIN: 0cm 0pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Manufactured products</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 10,398</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="83%">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Distributed products</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">22,746</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="83%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="TEXT-INDENT: -9pt; MARGIN: 0cm 0pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Supply, delivery and installation of wires and cables</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">32,806</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.45pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.45pt; PADDING-TOP: 0cm" vAlign=top width="83%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.45pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.45pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 65,950</FONT></P></FONT></TD></TR>

<TR height=0>

   <TD width="83%">&nbsp;</TD>

   <TD width="2%">&nbsp;</TD>

   <TD width="15%">&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Geographic Area Data</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 16.2pt 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenue from external customers is attributed to individual countries based on the customer&#8217;s country of domicile and is summarized as follows:</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="51%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0cm 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Year ended December 31,</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2011</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Revenues from external customers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Continuing operations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Thailand</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 96,799</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 165,191</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 176,011</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Singapore</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">94,782</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">70,154</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">86,474</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Australia</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">34,574</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">46,288</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">61,457</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The People&#8217;s Republic of China</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">90,768</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">146,529</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">138,970</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Vietnam</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,550</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">9,752</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5,106</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Others (Southeast Asia)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4,765</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">8,680</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,928</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="45%"></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 326,238</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 446,594</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="14%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 471,946</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.7pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="45%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Revenue from discontinued operations</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 35,993</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 22,736</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="14%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 30,210</FONT></P></FONT></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #ffffff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="100%" colSpan=7>

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Long-lived assets by the country of domicile are summarized as follow:</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Long-lived assets by area:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Thailand</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 28,002</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 27,926</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 19,894</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Singapore</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">8,069</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">8,987</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">10,339</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Australia</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,515</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3,520</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,119</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0pt 9pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">The People&#8217;s Republic of China</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">12,837</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">12,261</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,500</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt">

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="45%">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">62</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.7pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="45%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">

   <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Total long-lived assets</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 52,441</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 52,702</FONT></P></FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" vAlign=top width="14%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 42,914</FONT></P></FONT></TD></TR></TABLE></DIV>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">F-49</P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name=page_51></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">ASIA PACIFIC WIRE &amp; CABLE
CORPORATION LIMITED AND
SUBSIDIARIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US color=black face="times new roman">(In thousands of U.S. Dollars, except share
data)</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 18pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT></B>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 18pt"><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">21.</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp; &nbsp;</FONT></B><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;SUMMARIZED FINANCIAL INFORMATION OF
EQUITY INVESTEES</FONT></B></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 21.2pt 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following tables present summarized financial information of the Company&#8217;s
principal equity investees, Lox Pac, SPHC, Shandong Huayu and SPRC. </FONT></P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6.75pt" border=0 cellSpacing=0 cellPadding=0>

  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="32%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">As of December 31,</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unaudited</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-INDENT: 33pt; MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unaudited</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">
      <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=FR face="Times New Roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 6.1pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8.5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">
      <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=FR face="Times New Roman">Current assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 51,305</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$ 54,968</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">
      <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=FR face="Times New Roman">Non-current assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">19,348</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">17,961</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">
      <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=FR face="Times New Roman">Current liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(40,162)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(44,870)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%">
      <P style="MARGIN: 0cm 0.7pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=FR face="Times New Roman">Non-current liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(2,023)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,156)</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="66%"></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" vAlign=top width="15%"></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="66%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="MARGIN: 0cm 0.55pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Total shareholders&#8217; equity</FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 28,468 </FONT></P></FONT></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" vAlign=top width="15%"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$ 26,903
</FONT></P></FONT></TD></TR></TABLE></DIV>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"><BR clear=all></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>

  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 23.65pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="49%" colSpan=5>
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Year ended December 31,</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 23.65pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">2011</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 23.65pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unaudited</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unaudited</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">Unaudited</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 23.65pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="MARGIN: 0cm 0.7pt 0pt 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 23.65pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Net sales</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$28,090</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$44,866</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">$55,727</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt">
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 23.65pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Gross Profit</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6,582</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">10,457</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">13,543</FONT></P></TD></TR>
  <TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt">
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="49%">
      <P style="MARGIN: 0cm 23.65pt 0cm 0cm"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Net income (loss)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(629)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 8.9pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,347)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align=right><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1,360)</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.1pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;</FONT></P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 21.2pt 0pt 35pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>
<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 21.2pt 0pt 36pt"><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" lang=EN-US face="Courier New"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center">F-50</P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Exhibit 3.2</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">THIRD AMENDED AND RESTATED BYE-LAWS </FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">of</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED</FONT></B></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">INTERPRETATION</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">In these Amended and Restated Bye-Laws, or Bye-Laws, unless the context otherwise requires - &#8220;Bermuda&#8221; means the Islands of Bermuda; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;Board&#8221; means the Board of Directors of the Company or the Directors present at a meeting of Directors at which there is a quorum; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;Company&#8221; means the company incorporated in Bermuda under the name of Asia Pacific Wire &amp; Cable Corporation Limited on the 19th day of September, 1996; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;the Companies Acts&#8221; means every Bermuda statute from time to time in force concerning companies insofar as the same applies to the Company; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;paid up&#8221; means paid up or credited as paid up; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;Register&#8221; means the Register of Shareholders of the Company; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;Registered Office&#8221; means the registered office for the time being of the Company; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;Resident Representative&#8221; includes any person appointed by the Board, pursuant to Section 130 of the Companies Acts, to perform the functions set out in that section; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;Resolution&#8221; means a resolution of the shareholders or, where required, of a separate class or separate classes of shareholders, adopted either in general meeting or by written resolution, in accordance with the provisions of these Bye-Laws; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;Seal&#8221; means the common seal of the Company and any duplicate thereof; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;Secretary&#8221; includes a temporary or assistant Secretary and any person or company appointed by the Board to perform any of the duties of the Secretary and shall include the Secretary resident in Bermuda; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">&#8220;Shareholder&#8221; means a shareholder or member of the Company; &#8220;these Bye-Laws&#8221; means these Bye-Laws in their present form or as from time to time amended; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">for the purposes of these Bye-Laws a corporation shall be deemed to be present in person if its representative duly authorized pursuant to the Companies Acts is present; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">words importing the singular number only include the plural number and vice versa; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">words importing the masculine gender only include the feminine and neuter genders respectively; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">words importing persons include companies or associations or bodies of persons, whether corporate or unincorporate; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">reference to writing shall include typewriting, printing, lithography, photography and other modes of representing or reproducing words in a legible and non-transitory form; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">any words or expressions defined in the Companies Acts in force at the date when these Bye-Laws or any part thereof are adopted shall bear the same meaning in these Bye-Laws or such part (as the case may be). </FONT></FONT></P>
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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">REGISTERED OFFICE</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Registered Office shall be at such place in Bermuda as the Board shall from time to time appoint. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">SHARE AND CAPITAL RIGHTS</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">As at the date of these Bye-Laws, as amended from time to time, the authorized share capital of the Company is five</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"> hundred thousand United States dollars (US$500,000) divided into fifty million (50,000,000) Common Shares of one United States cent (US$0.01) each.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to any special rights conferred on the holders of any share or class of shares, any share in the Company may be issued with or have attached thereto such preferred, deferred, qualified or other special rights or such restrictions, whether in regard to dividend, voting, return of capital or otherwise, as the Company may by Resolution determine or, if there has not been </FONT><I><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">any </FONT></I><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">such </FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">determination or so far as the same shall not make specific provision, as the Board may determine.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may, at its discretion and without the sanction of a Resolution, authorise the purchase by the Company of its own shares upon such terms as the Board may in its discretion determine, provided always that such purchase is effected in accordance with the provisions of the Companies Acts.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may, at its discretion and without the sanction of a Resolution, authorise the acquisition by the Company of its own shares, to be held as treasury shares, upon such terms as the Board may in its discretion determine, provided always that such acquisition is effected in accordance with the provisions of the Companies Acts. The Company shall be entered in the Register as a Shareholder in respect of the shares held by the Company as treasury shares and shall be a Shareholder of the Company but subject always to the provisions of the Companies Acts and for the avoidance of doubt the Company shall not exercise any rights and shall not enjoy or participate in any of the rights attaching to those shares save as expressly provided for in the Companies Act. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to the Companies Acts, any preference shares may, with the sanction of a Resolution be issued on terms: </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">that they are to be redeemed on the happening of a specified event or on a given date; and/or, </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">that they are liable to be redeemed at the option of the Company; and/or, </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">if authorized by the memorandum/Incorporating Act of the Company, that they are liable to be redeemed at the option of the holder. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The terms and manner of redemption shall be provided for by way of amendment of these Bye-Laws. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Notwithstanding the generality of the foregoing, the Board is authorized without further action by the shareholders to issue, from time to time, preferred shares in one or more series and to fix or alter the voting powers, designations, preferences and relative, participating, optional or other special rights, if any, and qualifications, limitations or restrictions thereof, including, without limitation, dividend rights and whether dividends are cumulative, conversion rights, if any, rights and terms of redemption, including provisions for total or partial redemptions over time, if any, redemption price and liquidation preferences of and unissued shares or wholly unissued series of preferred stock. In addition, the Board may establish the number of shares constituting any such class or series and the </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">designation thereof, and increase or decrease the number of shares of any such series subsequent to the issuance of shares of such series, but not below the number of outstanding shares of such series. </FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">MODIFICATION OF RIGHTS</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to the Companies Acts, all or any of the special rights for the time being attached to any class of shares for the time being issued may from time to time (whether or not the Company is being wound up) be altered or abrogated with the consent in writing of the holders of more than fifty percent of the issued shares of that class or with the sanction of a Resolution of the holders of such shares voting in person or by proxy. To any such separate general meeting, all the provisions of these Bye-Laws as to general meetings of the Company shall mutatis mutandis apply, but so that the necessary quorum shall be two or more persons holding or representing by proxy any of the shares of the relevant class, that every holder of shares of the relevant class shall be entitled on a poll to one vote for every such share held by him and that any holder of shares of the relevant class present in person or by proxy may demand a poll; provided, however, that if the Company or a class of Shareholders shall have only one Shareholder present in person or by proxy, one Shareholder shall constitute the necessary quorum. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The special rights conferred upon the holders of any shares or class of shares shall not, unless otherwise expressly provided in the rights attaching to or the terms of issue of such shares, be deemed to be altered by the creation or issue of further shares ranking pan passu therewith. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">SHARES</FONT></B></P>

<P style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LETTER-SPACING: -0.3pt; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subject to the provisions of these Bye-Laws, the unissued shares of the Company (whether forming part</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman"> of the original capital or any increased capital) shall be at the disposal of the Board, which may offer, allot, grant options over or otherwise dispose of them to such persons, at such times and for such consideration and upon such terms and conditions as the Board may determine.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subject to the provisions of these Bye-Laws, any shares of the Company held by the Company as treasury shares shall be at the disposal of the Board, which may hold all or any of the shares, dispose of or transfer all or any of the shares for cash or other consideration, or cancel all or any of the shares.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may in connection with the issue of any shares exercise all powers of paying commission and brokerage conferred or permitted by law. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Except as ordered by a court of competent jurisdiction or as required by law, no person shall be recognised by the Company as holding any share upon trust and the Company shall not be bound by or required in any way to recognise (even when having notice thereof) any equitable, contingent, future or partial interest in any share or any interest in any fractional part of a share or (except only as otherwise provided in these Bye-Laws or by law) any other right in respect of any share except an absolute right to the entirety thereof in the registered holder. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">CERTIFICATES</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The preparation, issue and delivery of certificates shall be governed by the Companies Acts. In the case of a share held jointly by several persons, delivery of a certificate to one of several joint holders shall be sufficient delivery to all.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">If a share certificate is defaced, lost or destroyed it may be replaced without fee but on such terms (if any) as to evidence and indemnity and to payment of the costs and out of pocket expenses of the Company in investigating such evidence and preparing such indemnity as the Board may think fit and, in case of defacement, on delivery of the old certificate to the Company.</FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">All certificates for share or loan capital or other securities of the Company (other than letters of allotment, scrip certificates and other like documents) shall, except to the extent that the terms and conditions for the time being relating thereto otherwise provide, be issued under the Seal. The Board may by resolution determine, either generally or in any particular case, that any signatures on any such certificates need not be autographic but may be affixed to such certificates by some mechanical means or may be printed thereon or that such certificates need not be signed by any persons.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">LIEN</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company shall have a first and paramount lien on every share (not being a fully paid share) for all moneys, whether presently payable or not, called or payable, at a date fixed by or in accordance with the terms of issue of such share in respect of such share, and the Company shall also have a first and paramount lien on every share (other than a fully paid share) standing registered in the name of a Shareholder, whether singly or jointly with any other person, for all the debts and liabilities of such Shareholder or his estate to the Company, whether the same shall have been incurred before or after notice to the Company of any interest of any person other than such Shareholder, and whether the time for the payment or discharge of the same shall have actually arrived or not, and notwithstanding that the same are joint debts or liabilities of such Shareholder or his estate and any other person, whether a Shareholder or not. The Company&#8217;s lien on a share shall extend to all dividends payable thereon. The Board may at any time, either generally or in any particular case, waive any lien that has arisen or declare any share to be wholly or in part exempt from the provisions of this Bye-Law. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company may sell, in such manner as the Board may think fit, any share on which the Company has a lien but no sale shall be made unless some sum in respect of which the lien exists is presently payable nor until the expiration of fourteen days after a notice in writing, stating and demanding payment of the sum presently payable and giving notice of the intention to sell in default of such payment, has been served on the holder for the time being of the share. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The net proceeds of sale by the Company of any shares on which it has a lien shall be applied in or towards payment or discharge of the debt or liability in respect of which the lien exists so far as the same is presently payable, and any residue shall (subject to a like lien for debts or liabilities not presently payable as existed upon the share prior to the sale) be paid to the holder of the share immediately before such sale. For giving effect to any such sale the Board may authorise some person to transfer the share sold to the purchaser thereof. The purchaser shall be registered as the holder of the share and he shall not be bound to see to the application of the purchase money, nor shall his title to the share be affected by any irregularity or invalidity in the proceedings relating to the sale. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">CALLS ON SHARES</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may from time to time make calls upon the Shareholders (for the avoidance of doubt excluding the Company in respect of any nil or partly paid shares held by the Company as treasury shares) in respect of any monies unpaid on their shares (whether on account of the par value of the shares or by way of premium) and not by the terms of issue thereof made payable at a date fixed by or in accordance with such terms of issue, and each Shareholder shall (subject to the Company serving upon him at least fourteen (14) days notice specifying the time or times and place of payment) pay to the Company at the time or times and place so specified the amount called on his shares.&nbsp; A call may be revoked or postponed as the Board may determine.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A call may be made payable by installments and shall be deemed to have been made at the time when the resolution of the Board authorizing the call was passed. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The joint holders of a share shall be jointly and severally liable to pay all calls in respect thereof. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">If a sum called in respect of the share shall not be paid before or on the day appointed for payment thereof the person from whom the sum is due shall pay interest on the sum from the day appointed for </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">the payment thereof to the time of actual payment at such rate as the Board may determine, but the Board shall be at liberty to waive payment of such interest wholly or in part.</FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Any sum which, by the terms of issue of a share, becomes payable on allotment or at any date fixed by or in accordance with such terms of issue, whether on account of the nominal amount of the share or by way of premium, shall for all the purposes of these Bye-Laws be deemed to be a call duly made, notified and payable on the date on which, by the terms of issue, the same becomes payable and, in case of non-payment, all the relevant provisions of these Bye-Laws as to payment of interest, forfeiture or otherwise shall apply as if such sum had become payable by virtue of a call duly made and notified.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may on the issue of shares differentiate between the allottees or holders as to the amount of calls to be paid and the times of payment.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">FORFEITURE OF SHARES </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">If a Shareholder fails to pay any call or installment of a call on the day appointed for payment thereof, the Board may at any time thereafter during such time as any part of such call or installment remains unpaid serve a notice on him requiring payment of so much of the call or installment as is unpaid, together with any interest which may have accrued.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">23.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The notice shall name a further day (not being less than 14 days from the date of the notice) on or before which, and the place where, the payment required by the notice is to be made and shall state that, in the event of non-payment on or before the day and at the place appointed, the shares in respect of which such call is made or instalment is payable will be liable to be forfeited. The Board may accept the surrender of any share liable to be forfeited hereunder and, in such case, references in these Bye-Laws to forfeiture shall include surrender.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">24.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">If the requirements of any such notice as aforesaid are not complied with, any share in respect of which such notice has been given may at any time thereafter, before payment of all calls or installments and interest due in respect thereof has been made, be forfeited by a resolution of the Board to that effect. Such forfeiture shall include all dividends declared in respect of the forfeited shares and not actually paid before the forfeiture.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">25.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">When any share has been forfeited, notice of the forfeiture shall be served upon the person who was before forfeiture the holder of the share; but no forfeiture shall be in any manner invalidated by any omission or neglect to give such notice as aforesaid.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">26.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A forfeited share shall be deemed to be the property of the Company and may be sold, re-offered or otherwise disposed of either to the person who was, before forfeiture, the holder thereof or entitled thereto or to any other person upon such terms and in such manner as the Board shall think fit, and at any time before a sale, re-allotment or disposition the forfeiture may be cancelled on such terms as the Board may think fit.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">27.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A person whose shares have been forfeited shall thereupon cease to be a Shareholder in respect of the forfeited shares but shall, notwithstanding the forfeiture, remain liable to pay to the Company all moneys which at the date of forfeiture were presently payable by him to the Company in respect of the shares with interest thereon at such rate as the Board may determine from the date of forfeiture until payment, and the Company may enforce payment without being under any obligation to make any allowance for the value of the shares forfeited.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">28.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">An affidavit in writing that the deponent is a Director or the Secretary of the Company and that a share has been duly forfeited on the date stated in the affidavit shall be conclusive evidence of the facts therein stated as against all persons claiming to be entitled to the share. The Company may receive the consideration (if any) given for the share on the sale, re-allotment or disposition thereof and the Board may authorise some person to transfer the share to the person to whom the same is sold, re-allotted or </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">disposed of, and he shall thereupon be registered as the holder of the share and shall not be bound to see to the application of the purchase money (if any) nor shall his title to the share be affected by any irregularity or invalidity in the proceedings relating to the forfeiture, sale, re-allotment or disposal of the share.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">REGISTER OF SHAREHOLDERS</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">29.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Secretary shall establish and maintain the Register of Shareholders at the Registered Office in the manner prescribed by the Companies Acts. Unless the Board otherwise determines, the Register of Shareholders shall be open to inspection in the manner prescribed by the Companies Acts between 10.00 a.m. and 12.00 noon on every working day. Unless the Board so determines, no Shareholder or intending Shareholder shall be entitled to have entered in the Register any indication of any trust or any equitable, contingent, future or partial interest in any share or any interest in any fractional part of a share and if any such entry exists or is permitted by the Board it shall not be deemed to abrogate any of the provisions of Bye-Law 9. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">REGISTER OF DIRECTORS AND OFFICERS</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">30.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Secretary shall establish and maintain a register of the Directors and Officers of the Company as required by the Companies Acts. The register of Directors and Officers shall be open to inspection in the manner prescribed by the Companies Acts between 10:00 a.m. and 12:00 noon on every working day. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">TRANSFER OF SHARES</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">31.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to the Companies Acts and to such of the restrictions contained in these Bye-Laws as may be applicable, any Shareholder may transfer all or any of his shares by an instrument of transfer in the usual common form or in any other form which the Board may approve.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">32.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The instrument of transfer of a share shall be signed by or on behalf of the transferor and where any share is not fully-paid the transferee, and the transferor shall be deemed to remain the holder of the share until the name of the transferee is entered in the Register in respect thereof. All instruments of transfer when registered may be retained by the Company. The Board may, in its absolute discretion and without assigning any reason therefor, decline to register any transfer of any share which is not a fully paid share.</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may also decline to register any transfer unless: </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">the instrument of transfer is duly stamped and lodged with the Company, accompanied by the certificate for the shares to which it relates, and such other evidence as the Board may reasonably require to show the right of the transferor to make the transfer; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">the instrument of transfer is in respect of only one class of share; and </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">where applicable, the permission of the Bermuda Monetary Authority with respect thereto has been obtained. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to any directions of the Board from time to time in force, the Secretary may exercise the powers and discretions of the Board under this Bye-Law and Bye-Laws 31 and 33. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">33.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">If the Board declines to register a transfer it shall, within three months after the date on which the instrument of transfer was lodged, send to the transferee notice of such refusal. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">34.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">No fee shall be charged by the Company for registering any transfer, probate, letters of administration, certificate of death or marriage, power of attorney, distringas or stop notice, order of court or other </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">instrument relating to or affecting the title to any share, or otherwise making an entry in the Register relating to any share.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">TRANSMISSION OF SHARES</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">35.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">In the case of the death of a Shareholder, the survivor or survivors, where the deceased was a joint holder, and the estate representative, where he was sole holder, shall be the only person recognised by the Company as having any title to his shares; but nothing herein contained shall release the estate of a deceased holder (whether the sole or joint) from any liability in respect of any share held by him solely or jointly with other persons. For the purpose of this Bye-Law, estate representative means the person to whom probate or letters of administration has or have been granted in Bermuda or, failing any such person, such other person as the Board may in its absolute discretion determine to be the person recognised by the Company for the purpose of this Bye-Law. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">36.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Any person becoming entitled to a share in consequence of the death of a Shareholder or otherwise by operations of applicable law may, subject as hereafter provided and upon such evidence being produced as may from time to time be required by the Board as to his entitlement, either be registered himself as the holder of the share or elect to have some person nominated by him registered as the transferee thereof. If the person so becoming entitled elects to be registered himself, he shall deliver or send to the Company a notice in writing signed by him stating that he so elects. If he shall elect to have his nominee registered, he shall signify his election by signing an instrument of transfer of such share in favour of his nominee. All the limitations, restrictions and provisions of these Bye-Laws relating to the right to transfer and the registration of transfer of shares shall be applicable to any such notice or instrument of transfer as aforesaid as if the death of the Shareholder or other event giving rise to the transmission had not occurred and the notice or instrument of transfer was an instrument of transfer signed by such Shareholder. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">37.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A person becoming entitled to a share in consequence of the death of a Shareholder or otherwise by operations of applicable law shall (upon such evidence being produced as may from time to time be required by the Board as to his entitlement) be entitled to receive and may give a discharge for any dividends or other moneys payable in respect of the share, but he shall not be entitled in respect of the share to receive notices of or to attend or vote at general meetings of the Company or, save as aforesaid, to exercise in respect of the share any of the rights or privileges of a Shareholder until he shall have become registered as the holder thereof. The Board may at any time give notice requiring such person to elect either to be registered himself or to transfer the share and if the notice is not complied with within sixty days the Board may thereafter withhold payment of all dividends and other moneys payable in respect of the shares until the requirements of the notice have been complied with. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">38.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to any directions of the Board from time to time in force, the Secretary may exercise the powers and discretions of the Board under Bye-Laws 35, 36 and 37. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">INCREASE OF CAPITAL</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">39.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company may from time to time increase its capital by such sum to be divided into shares of such par value as the Company by Resolution shall prescribe.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">40.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company may, by the Resolution increasing the capital, direct that the new shares or any of them shall be offered in the first instance either at par or at a premium or (subject to the provisions of the Companies Acts) at a discount to all the holders for the time being of shares of any class or classes in proportion to the number of such shares held by them respectively or make any other provision as to the issue of the new shares. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">41.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The new shares shall be subject to all the provisions of these Bye-Laws with reference to lien, the payment of calls, forfeiture, transfer, transmission and otherwise.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">ALTERATION OF CAPITAL</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">42.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company may from time to time by Resolution:</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">increase its capital as provided by Bye-Law 39;</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">divide its shares into several classes and attach thereto respectively any preferential, deferred, qualified or special rights, privileges or conditions;</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">consolidate and divide all or any of its share capital into shares of larger par value than its existing shares;</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">sub-divide its shares or any of them into shares of smaller par value than is fixed by its memorandum, so, however, that in the sub-division the proportion between the amount paid and the amount, if any, unpaid on each reduced share shall be the same as it was in the case of the share from which the reduced share is derived; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">make provision for the issue and allotment of shares which do not carry any voting rights; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">cancel shares which, at the date of the passing of the resolution in that behalf, have not been taken or agreed to be taken by any person, and diminish the amount of its share capital by the amount of the shares so cancelled; and </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">change the currency denomination of its share capital.</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Where any difficulty arises in regard to any division, consolidation, or sub-division under this Bye-Law, the Board may settle the same as it thinks expedient and, in particular, may arrange for the sale of the shares representing fractions and the distribution of the net proceeds of sale in due proportion amongst the Shareholders who would have been entitled to the fractions, and for this purpose the Board may authorise some person to transfer the shares representing fractions to the purchaser thereof, who shall not be bound to see to the application of the purchase money nor shall his title to the shares be affected by any irregularity or invalidity in the proceedings relating to the sale. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">43.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to the Companies Acts and to any confirmation or consent required by law or these Bye-Laws, the Company may by Resolution from time to time convert any preference shares into redeemable preference shares.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">REDUCTION OF CAPITAL</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">44.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to the Companies Acts, its memorandum and any confirmation or consent required by law or these Bye-Laws, the Company may from time to time by Resolution authorise the reduction of its issued share capital or any capital redemption reserve fund or any share premium or contributed surplus account in any manner. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">45.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">In relation to any such reduction, the Company may by Resolution determine the terms upon which such reduction is to be effected including in the case of a reduction of part only of a class of shares, those shares to be affected. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">GENERAL MEETINGS AND WRITTEN RESOLUTIONS</FONT></B></P>

<P style="TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 12pt 35.45pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">46.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Board shall convene and the Company shall hold general meetings as Annual General Meetings in accordance with the requirements of the Companies Acts at such times and places as the Board shall appoint.&nbsp; The Board may, whenever it thinks fit, and shall, when required by the Companies Acts, convene general meetings other than Annual General Meetings which shall be called Special General Meetings. </FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Except in the case of the removal of auditors and directors, anything which may be done by resolution of the Company in general meeting or by resolution of a meeting of any class of the Shareholders of the Company may, without a meeting and without any previous notice being required, be done by resolution in writing, signed by all of the Shareholders or their proxies, or in the case of a Shareholder that is a corporation (whether or not a company within the meaning of the Companies Acts) on behalf of such Shareholder, being all of the Shareholders of the Company who at the date of the resolution in writing would be entitled to attend a meeting and vote on the resolution. Such resolution in writing may be signed by, or in the case of a Shareholder that is a corporation (whether or not a company within the meaning of the Companies Acts), on behalf of, all the Shareholders of the Company, or any class thereof, in as many counterparts as may be necessary. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">For the purposes of this Bye-Law, the date of the resolution in writing is the date when the resolution is signed by, or in the case of a Shareholder that is a corporation (whether or not a company within the meaning of the Companies Acts), on behalf of, the last Shareholder to sign and any reference in any enactment to the date of passing of a resolution is, in relation to a resolution in writing made in accordance with this section, a reference to such date.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A resolution in writing made in accordance with this Bye-Law is as valid as if it had been passed by the Company in general meeting or, if applicable, by a meeting of the relevant class of Shareholders of the Company, as the case may be. A resolution in writing made in accordance with this section shall constitute minutes for the purposes of the Companies Acts and these Bye-Laws.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">NOTICE OF GENERAL MEETINGS</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">47.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">An Annual General Meeting shall be called by not less than 20 days&#8217; notice in writing and a Special General Meeting shall be called by not less than 20 days&#8217; notice in writing. The notice shall be exclusive of the day on which it is served or deemed to be served and of the day for which it is given, and shall specify the place, day and time of the meeting, and, in the case of a Special General Meeting, the general nature of the business to be considered. Notice of every general meeting shall be given in any manner permitted by Bye-Laws 120 and 121 to all Shareholders other than such as, under the provisions of these Bye-Laws or the terms of issue of the shares they hold, are not entitled to receive such notice from the Company.</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Notwithstanding that a meeting of the Company is called by shorter notice than that specified in this Bye-Law, it shall be deemed to have been duly called if it is so agreed:</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">in the case of a meeting called as an Annual General Meeting, by all the Shareholders entitled to attend and vote thereat;</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">in the case of any other meeting, by a majority in number of the Shareholders having the right to attend and vote at the meeting, being a majority together holding not less than 95 percent in nominal value of the shares giving that right.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">48.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The accidental omission to give notice of a meeting or (in cases where instruments of proxy are sent out with the notice) the accidental omission to send such instrument of proxy to, or the non-receipt of notice of a meeting or such instrument of proxy by, any person entitled to receive such notice shall not invalidate the proceedings at that meeting.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">PROCEEDINGS AT GENERAL MEETINGS</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">49.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">No business shall be transacted at any general meeting unless a quorum is present when the meeting proceeds to business, but the absence of a quorum shall not preclude the appointment, choice or election of a chairman which shall not be treated as part of the business of the meeting. Save as otherwise provided by these Bye-Laws, at least two Shareholders holding a majority of the shares of </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">the Company in issue present in person or by proxy and entitled to vote shall be a quorum for all purposes; provided, however, that if the Company shall have only one Shareholder, one Shareholder present in person or by proxy shall constitute the necessary quorum.</FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">50.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">If within five minutes (or such longer time as the chairman of the meeting may determine to wait) after the time appointed for the meeting, a quorum is not present, the meeting, if convened on the requisition of Shareholders, shall be dissolved. In any other case, it shall stand adjourned to such other day and such other time and place as the chairman of the meeting may determine and at such adjourned meeting two Shareholders present in person (or, in the case of a Shareholder being a corporation, by its duly authorised representative) or by proxy (whatever the number of shares held by them) shall be a quorum provided that if the Company shall have only one Shareholder, one Shareholder present in person (or, in the case of a Shareholder being a corporation, by its duly authorised representative) or by proxy shall constitute the necessary quorum. The Company shall give not less than 5 days&#8217; notice of any meeting adjourned through want of a quorum and such notice shall state that the sole Shareholder or, if more than one, two Shareholders present in person or by proxy (whatever the number of shares held) shall be a quorum. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">51.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A meeting of the Shareholders or any class thereof may be held by means of such telephone, electronic or other communication facilities as permit all persons participating in the meeting to communicate with each other simultaneously and instantaneously, and participation in such a meeting shall constitute presence in person at such meeting. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">52.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Each Director shall be entitled to attend and speak at any general meeting of the Company. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">53.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Chairman (if any) of the Board or, in his absence, the President shall preside as chairman at every general meeting. If there is no such Chairman or President, or if at any meeting neither of the Chairman nor the President is present within five minutes after the time appointed for holding the meeting, or if neither of them is willing to act as chairman, the Directors present shall choose one of their number to act or if one Director only is present he shall preside as chairman if willing to act. If no Director is present or, if each of the Directors present declines to take the chair, the persons present and entitled to vote on a poll shall elect one of their number to be chairman. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">54.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The chairman may, with the consent of any meeting at which a quorum is present (and shall if so directed by the meeting), adjourn the meeting from time to time and from place to place but no business shall be transacted at any adjourned meeting except business which might lawfully have been transacted at the meeting from which the adjournment took place. When a meeting is adjourned for three months or more, notice of the adjourned meeting shall be given as in the case of an original meeting. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">55.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Save as expressly provided by these Bye-Laws, it shall not be necessary to give any notice of an adjournment or of the business to be transacted at an adjourned meeting. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">VOTING</FONT></B></P>

<P style="TEXT-INDENT: -70.9pt; MARGIN: 0cm 0cm 12pt 70.9pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">56.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Save where a greater majority is required by the Companies Acts or these Bye-Laws, any question proposed or consideration at any general meeting shall be decided on by a simple majority of votes cast. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Save where a general meeting is required by the Companies Act, a resolution in writing signed (in such manner as to indicate, expressly or impliedly, unconditional approval) by or on behalf of all persons for the time being entitled to receive notice of and to attend and vote at general meetings of the Company shall, for the purposes of these Bye-Laws, be treated as a resolution duly passed at a general meeting of the Company. Any such resolution shall be deemed to have been passed at a meeting held on the date on which it was signed by the last Shareholder to sign, and where the resolution states a date as being the date of his signature thereof by any Shareholder the statement shall be prima facie evidence that it was signed by </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">him on that date. Such a resolution may consist of several documents in the like form, each signed by one or more relevant Shareholder(s).</FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">57.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">At any general meeting, a resolution put to the vote of the meeting shall be decided on a show of hands unless (before or on the declaration of the result of the show of hands or on the withdrawal of any other demand for a poll) a poll is demanded by:- </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">the chairman of the meeting; or </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">at least three Shareholders present in person or represented by proxy; or </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">any Shareholder or Shareholders present in person or represented by proxy and holding between them not less than one tenth of the total voting rights of all the Shareholders having the right to vote at such meeting; or </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Shareholder or Shareholders present in person or represented by proxy holding shares conferring the right to vote at such meeting, being shares on which an aggregate sum has been paid up equal to not less than one tenth of the total sum paid up on all such shares conferring such right. </FONT></P>

<P style="MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Unless a poll is so demanded and the demand is not withdrawn, a declaration by the chairman that a resolution has, on a show of hands, been carried or carried unanimously or by a particular majority or not carried by a particular majority or lost shall be final and conclusive, and an entry to that effect in the Minute Book of the Company shall be conclusive evidence of the fact without proof of the number of votes recorded for or against such resolution. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">58.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">If a poll is duly demanded, the result of the poll shall be deemed to be the resolution of the meeting at which the poll is demanded. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">59.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A poll demanded on the election of a chairman, or on a question of adjournment, shall be taken forthwith. A poll demanded on any other question shall be taken in such manner and either forthwith or at such time (being not later than three months after the date of the demand) and place as the chairman shall direct. It shall not be necessary (unless the chairman otherwise directs) for notice to be given of a poll. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">60.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The demand for a poll shall not prevent the continuance of a meeting for the transaction of any business other than the question on which the poll has been demanded and it may be withdrawn at any time before the close of the meeting or the taking of the poll, whichever is the earlier. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">61.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">On a poll, votes may be cast either personally or by proxy. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">62.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A person entitled to more than one vote on a poll need not use all his votes or cast all the votes he uses in the same way. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">63.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">In the case of an equality of votes at a general meeting, whether on a show of hands or on a poll, the chairman of such meeting shall not be entitled to a second or casting vote. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">64.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">In the case of joint holders of a share, the vote of the senior who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the votes of the other joint holders, and for this purpose seniority shall be determined by the order in which the names stand in the Register in respect of the joint holding. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">65.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A Shareholder who is a patient for any purpose of any statute or applicable law relating to mental health or in respect of whom an order has been made by any Court having jurisdiction for the protection or management of the affairs of persons incapable of managing their own affairs may vote, whether on a show of hands or on a poll, by his receiver, committee, curator bonis or other person in </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">the nature of a receiver, committee or curator bonis appointed by such Court and such receiver, committee, curator bonis or other person may vote on a poll by proxy, and may otherwise act and be treated as such Shareholder for the purpose of general meetings.</FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">66.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">No Shareholder shall, unless the Board otherwise determines, be entitled to vote at any general meeting unless all calls or other sums presently payable by him in respect of shares in the Company have been paid. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">67.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">If (i) any objection shall be raised to the qualification of any voter or (ii) any votes have been counted which ought not to have been counted or which might have been rejected or (iii) any votes are not counted which ought to have been counted, the objection or error shall not vitiate the decision of the meeting or adjourned meeting on any resolution unless the same is raised or pointed out at the meeting or, as the case maybe, the adjourned meeting at which the vote objected to is given or tendered or at which the error occurs. Any objection or error shall be referred to the chairman of the meeting and shall only vitiate the decision of the meeting on any resolution if the chairman decides that the same may have affected the decision of the meeting. The decision of the chairman on such matters shall be final and conclusive. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">PROXIES AND CORPORATE REPRESENTATIVES </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">68.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney authorised by him in writing or, if the appointor is a corporation, either under its seal or under the hand of an officer, attorney or other person authorised to sign the same. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">69.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Any Shareholder may appoint a standing proxy or (if a corporation) representative by depositing at the Registered Office a proxy or (if a corporation) an authorisation and such proxy or authorisation shall be valid for all general meetings and adjournments thereof or, resolutions in writing, as the case may be, until notice of revocation is received at the Registered Office. Where a standing proxy or authorisation exists, its operation shall be deemed to have been suspended at any general meeting or adjournment thereof at which the Shareholder is present or in respect to which the Shareholder has specially appointed a proxy or representative. The Board may from time to time require such evidence as it shall deem necessary as to the due execution and continuing validity of any such standing proxy or authorisation and the operation of any such standing proxy or authorisation shall be deemed to be suspended until such time as the Board determines that it has received the requested evidence or other evidence satisfactory to it.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">70.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to Bye-Law 69, the instrument appointing a proxy together with such other evidence as to its due execution as the Board may from time to time require, shall be delivered at the Registered Office (or at such place as may be specified in the notice convening the meeting or in any notice of any adjournment or, in either case or the case of a written resolution, in any document sent therewith) prior to the holding of the meeting or adjourned meeting at which the person named in the instrument proposes to vote or, in the case of a poll taken subsequently to the date of a meeting or adjourned meeting, before the time appointed for the taking of the poll, or, in the case of a written resolution, prior to the effective date of the written resolution and in default the instrument of proxy shall not be treated as valid. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">71.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Instruments of proxy shall be in any common form or in such other form as the Board may approve and the Board may, if it thinks fit, send out with the notice of any meeting or any written resolution forms of instruments of proxy for use at that meeting. The instrument of proxy shall be deemed to confer authority to demand or join in demanding a poll and to vote on any amendment of a resolution put to the meeting for which it is given as the proxy thinks fit. The instrument of proxy shall unless the contrary is stated therein be valid as well for any adjournment of the meeting as for the meeting to which it relates.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">72.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A vote given in accordance with the terms of an instrument of proxy shall be valid notwithstanding the previous death or insanity of the principal, or revocation of the instrument of proxy or of the authority </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">under which it was executed, provided that no intimation in writing of such death, insanity or revocation shall have been received by the Company at the Registered Office (or such other place as may be specified for the delivery of instruments of proxy in the notice convening the meeting or other documents sent therewith) one hour at least before the commencement of the meeting or adjourned meeting, or the taking of the poll, or the day before the effective date of any written resolution at which the instrument of proxy is used.</FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">73.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to the Companies Acts, the Board may at its discretion waive any of the provisions of these Bye-Laws related to proxies or authorisations and, in particular, may accept such verbal or other assurances as it thinks fit as to the right of any person to attend and vote on behalf of any Shareholder at general meetings or to sign written resolutions.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">APPOINTMENT AND REMOVAL OF DIRECTORS </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">74.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The number of Directors shall be such number not less than two as the Company by Resolution may from time to time determine and, subject to the Companies Acts and these Bye-Laws, shall serve until re-elected or their successors are appointed at the next Annual General Meeting.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">75.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company shall at the Annual General Meeting and may by Resolution determine the minimum and the maximum number of Directors and may by Resolution determine that one or more vacancies in the Board shall be deemed casual vacancies for the purposes of these Bye-Laws. Without prejudice to the power of the Company by Resolution in pursuance of any of the provisions of these Bye-Laws to appoint any person to be a Director, the Board, so long as a quorum of Directors remains in office, shall have power at any time and from time to time to appoint any individual to be a Director so as to fill a casual vacancy.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">76.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company may in a Special General Meeting called for that purpose remove a Director provided notice of any such meeting shall be served upon the Director concerned not less than 14 days before the meeting and he shall be entitled to be heard at that meeting. Any vacancy created by the removal of a Director at a Special General Meeting may be filled at the Meeting by the election of another Director in his place or, in the absence of any such election, by the Board.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">RESIGNATION AND DISQUALIFICATION OF DIRECTORS</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">77.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The office of a Director shall be vacated upon the happening of any of the following events: </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">if he resigns his office by notice in writing delivered to the Registered Office or tendered at a meeting of the Board; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">if he becomes of unsound mind or a patient for any purpose of any statute or applicable law relating to mental health and the Board resolves that his office is vacated; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">if he becomes bankrupt or compounds with his creditors; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">if he is prohibited by law from being a Director; and </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">if he ceases to be a Director by virtue of the Companies Acts or is removed from office pursuant to these Bye-Laws. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">ALTERNATE DIRECTORS</FONT></B></P>

<P style="TEXT-INDENT: -71.55pt; MARGIN: 0cm 0cm 12pt 71.55pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">78.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company may by Resolution elect a person or persons qualified to be Directors to act as Directors in the alternative to any of the Directors of the Company or may authorise the Board to appoint such Alternate Directors and a Director may appoint and remove his own Alternate Director. Any appointment or removal of an Alternate Director by a Director shall be effected by depositing a notice of appointment or removal with the Secretary at the </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Registered Office, signed by such Director, and such appointment or removal shall become effective on the date of receipt by the Secretary. Any Alternate Director may be removed by Resolution of the Company and, if appointed by the Board, may be removed by the Board. Subject as aforesaid, the office of Alternate Director shall continue until the next annual election of Directors or, if earlier, the date on which the relevant Director ceases to be a Director. An Alternate Director may also be a Director in his own right and may act as alternate to more than one Director.</FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A Director may at any time, by notice in writing signed by him delivered to the Registered Office of the Company or at the Head Office or at a meeting of the Board, appoint any person (including another Director) to act as alternate Director in his place during his absence and may in like manner at any time determine such appointment. If such person is not another Director such appointment unless previously approved by the Board shall have effect only upon and subject to being so approved. The appointment of an alternate Director shall determine on the happening of any event, which were he a Director, would cause him to vacate such office or if his appointor ceases to be a Director.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">79.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">An Alternate Director shall be entitled to receive notices of all meetings of Directors, to attend, be counted in the quorum and vote at any such meeting at which any Director to whom he is alternate is not personally present, and generally to perform all the functions of any Director to whom he is alternate in his absence.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">80.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Every person acting as an Alternate Director shall (except as regards powers to appoint an alternate and remuneration) be subject in all respects to the provisions of these Bye-Laws relating to Directors and shall alone be responsible to the Company for his acts and defaults and shall not be deemed to be the agent of or for any Director for whom he is alternate. An Alternate Director may be paid expenses and shall be entitled to be indemnified by the Company to the same extent mutatis mutandis as if he were a Director. Every person acting as an Alternate Director shall have one vote for each Director for whom he acts as alternate (in addition to his own vote if he is also a Director). The signature of an Alternate Director to any resolution in writing of the Board or a committee of the Board shall, unless the terms of his appointment provide to the contrary, be as effective as the signature of the Director or Directors to whom he is alternate.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">DIRECTORS&#8217; FEES AND ADDITIONAL REMUNERATION AND EXPENSES</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">81.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The amount, if any, of Directors&#8217; fees shall from time to time be determined by the Company by Resolution and in the absence of a determination to the contrary in general meeting, such fees shall be deemed to accrue from day to day. Each Director may be paid his reasonable travelling, hotel and incidental expenses in attending and returning from meetings of the Board or committees constituted pursuant to these Bye-Laws or general meetings and shall be paid all expenses properly and reasonably incurred by him in the conduct of the Company&#8217;s business or in the discharge of his duties as a Director. Any Director who, by request, goes or resides abroad for any purposes of the Company or who performs services which in the opinion of the Board go beyond the ordinary duties of a Director may be paid such extra remuneration (whether by way of salary, commission, participation in profits or otherwise) as the Board may determine, and such extra remuneration shall be in addition to any remuneration provided for by or pursuant to any other Bye-Law. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">DIRECTORS&#8217; INTERESTS</FONT></B></P>

<P style="TEXT-INDENT: -68.4pt; MARGIN: 0cm 0cm 12pt 68.4pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">82.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A Director may hold any other office or place of profit with the Company (except that of auditor) in conjunction with his office of Director for such period and upon such terms as the Board may determine, and may be paid such extra remuneration therefor (whether by way of salary, commission, participation in profits or otherwise) as the Board may determine, and such extra remuneration shall be in addition to any remuneration provided for by or pursuant to any other Bye-Law.</FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A Director may act by himself or his fine in a professional capacity for the Company (otherwise than as auditor) and he or his firm shall be entitled to remuneration for professional services as if he were not a Director. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to the provisions of the Companies Acts, a Director may notwithstanding his office be a party to, or otherwise interested in, any transaction or arrangement with the Company or in which the Company is otherwise interested; and be a Director or other officer of, or employed by, or a party to any transaction or arrangement with, or otherwise interested in, any body corporate promoted by the Company or in which the Company is interested. The Board may also cause the voting power conferred by the shares in any other company held or owned by the Company to be exercised in such manner in all respects as it thinks fit, including the exercise thereof in favour of any resolution appointing the Directors or any of them to be directors or officers of such other company, or voting or providing for the payment of remuneration to the directors or officers of such other company. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">So long as, where it is necessary, he declares the nature of his interest at the first opportunity at a meeting of the Board or by writing to the Directors as required by the Companies Acts, a Director shall not by reason of his office be accountable to the Company for any benefit which he derives from any office or employment to which these Bye-Laws allow him to be appointed or from any transaction or arrangement in which these Bye-Laws allow him to be interested, and no such transaction or arrangement shall be liable to be avoided on the ground of any interest or benefit. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(E)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to the Companies Acts and any further disclosure required thereby, a general notice to the Directors by a Director or officer declaring that he is a director or officer or has an interest in a person and is to be regarded as interested in any transaction or arrangement made with that person, shall be a sufficient declaration of interest in relation to any transaction or arrangement so made.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">POWERS AND DUTIES OF THE BOARD</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">83.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to the provisions of the Companies Acts and these Bye-Laws and to any directions given by the Company by Resolution, the Board shall manage the business of the Company and may pay all expenses incurred in promoting and incorporating the Company and may exercise all the powers of the Company. No alteration of these Bye-Laws and no such direction shall invalidate any prior act of the Board which would have been valid if that alteration had not been made or that direction had not been given. The powers given by this Bye-Law shall not be limited by any special power given to the Board by these Bye-Laws and a meeting of the Board at which a quorum is present shall be competent to exercise all the powers, authorities and discretions for the time being vested in or exercisable by the Board.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">84.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may exercise all the powers of the Company to borrow money and to mortgage or charge all or any part of the undertaking, property and assets (present and future) and uncalled capital of the Company and to issue debentures and other securities, whether outright or as collateral security for any debt, liability or obligation of the Company or of any other persons.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">85.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">All cheques, promissory notes, drafts, bills of exchange and other instruments, whether negotiable or transferable or not, and all receipts for money paid to the Company shall be signed, drawn, accepted, endorsed or otherwise executed, as the case may be, in such manner as the Board shall from time to time by resolution determine.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">86.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board on behalf of the Company may provide benefits, whether by the payment of gratuities or pensions or otherwise, for any person including any Director or former Director who has held any executive office or employment with the Company or with any body corporate which is or has been a subsidiary or affiliate of the Company or a predecessor in the business of the Company or of any such subsidiary or affiliate, and to any member of his family or any person who is or was dependent on </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">him, and may contribute to any fund and pay premiums for the purchase or provision of any such gratuity, pension or other benefit, or for the insurance of any such person.</FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">87.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may from time to time appoint one or more of its body to be a managing director, joint managing director or an assistant managing director or to hold any other employment or executive office with the Company for such period and upon such terms as the Board may determine and may revoke or terminate any such appointments. Any such revocation or termination as aforesaid shall be without prejudice to any claim for damages that such Director may have against the Company or the Company may have against such Director for any breach of any contract of service between him and the Company which may be involved in such revocation or termination. Any person so appointed shall receive such remuneration (if any) (whether by way of salary, commission, participation in profits or otherwise) as the Board may determine, and either in addition to or in lieu of his remuneration as a Director.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">DELEGATION OF THE BOARD&#8217;S POWERS</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">88.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may by power of attorney appoint any company, firm or person or any fluctuating body of persons, whether nominated directly or indirectly by the Board, to be the attorney or attorneys of the Company for such purposes and with such powers, authorities and discretions (not exceeding those vested in or exercisable by the Board under these Bye-Laws) and for such period and subject to such conditions as it may think fit, and any such power of attorney may contain such provisions for the protection and convenience of persons dealing with any such attorney and of such attorney as the Board may think fit, and may also authorise any such attorney to sub-delegate all or any of the powers, authorities and discretions vested in him.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">89.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may entrust to and confer upon any Director or officer any of the powers exercisable by it upon such terms and conditions with such restrictions as it thinks fit, and either collaterally with, or to the exclusion of, its own powers, and may from time to time revoke or vary all or any of such powers but no person dealing in good faith and without notice of such revocation or variation shall be affected thereby.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">90.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may delegate any of its powers, authorities and discretions to committees, consisting of such person or persons (whether a member or members of its body or not) as it thinks fit. Any committee so formed shall, in the exercise of the powers, authorities and discretions so delegated, conform to any regulations which may be imposed upon it by the Board.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">PROCEEDINGS OF THE BOARD</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">91.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may meet for the despatch of business, adjourn and otherwise regulate its meetings as it thinks fit. Questions arising at any meeting shall be determined by a majority of votes. In the case of an equality of votes the motion shall be deemed to have been lost. A Director may, and the Secretary on the requisition of a Director shall, at any time summon a board meeting. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">92.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Notice of a board meeting shall be deemed to be duly given to a Director if it is given to him personally or by word of mouth or sent to him by post, cable, telex, telecopier or other mode of representing or reproducing words in a legible and non-transitory form at his last known address or any other address given by him to the Company for this purpose. A Director may waive notice of any meeting either prospectively or retrospectively. </FONT></P>

<P style="TEXT-INDENT: -71.55pt; MARGIN: 0cm 0cm 12pt 71.55pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">93.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The quorum necessary for the transaction of the business of the Board may be fixed by the Board and, unless so fixed at any other number, shall be a majority of the Directors then in office. Any Director who ceases to be a Director at a board meeting may continue to be present and to act as a Director and be counted in the quorum until the termination of the Board meeting if no other Director objects and if otherwise a quorum of Directors would not be present.</FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A Director who to his knowledge is in any way, whether directly or indirectly, interested in a contract or proposed contract, transaction or arrangement with the Company and has complied with the provisions of the Companies Acts and these Bye-Laws with regard to disclosure of his interest shall be entitled to vote in respect of any contract, transaction or arrangement in which he is so interested and if he shall do so his vote shall be counted, and he shall be taken into account in ascertaining whether a quorum is present.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">94.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">So long as a quorum of Directors remains in office, the continuing Directors may act notwithstanding any vacancy in the Board but, if no quorum of Directors remains, the continuing Directors or a sole continuing Director may act only for the purpose of calling a general meeting.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">95.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may elect a Chairman of the Board from amongst its members. If no Chairman of the Board is elected or he is absent, the President shall be chairman. If at any meeting neither the Chairman of the Board nor the President is present within five minutes after the time appointed for holding the same, the Directors present may choose one of their number to be chairman of the meeting. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">96.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The meetings and proceedings of any committee consisting of two or more members shall be governed by the provisions contained in these Bye-Laws for regulating the meetings and proceedings of the Board so far as the same are applicable and are not superseded by any regulations imposed by the Board. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">97.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A resolution in writing signed by all the Directors for the time being entitled to receive notice of a meeting of the Board or by all the members of a committee for the time being shall be as valid and effectual as a resolution passed at a meeting of the Board or, as the case may be, of such committee duly called and constituted. Such resolution may be contained in one document or in several documents in the like form each signed by one or more of the Directors or members of the committee concerned.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">98.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">All acts done by the Board or by any committee or by any person acting as a Director or member of a committee or any person duly authorised by the Board or any committee, shall, notwithstanding that it is afterwards discovered that there was some defect in the appointment of any member of the Board or such committee or person acting as aforesaid or that they or any of them were disqualified or had vacated their office, be as valid as if every such person had been duly appointed and was qualified and had continued to be a Director, member of such committee or person so authorised.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">99.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A meeting of the Board or a committee appointed by the Board may be held by means of such telephone, electronic or other communication facilities as permit all persons participating in the meeting to communicate with each other simultaneously and instantaneously, and participation in such a meeting shall constitute presence in person at such meeting. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">OFFICERS</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">100.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The officers of the Company shall include a President and a Vice-President or a Chairman and a Deputy Chairman who shall be Directors and shall be elected by the Board as soon as possible after the statutory meeting and each annual general meeting. In addition, the Board may appoint any person whether or not he is a Director to hold such office as the Board may from time to time determine. Any person elected or appointed pursuant to this Bye-Law shall hold office for such period and upon such terms as the Board. may determine and the Board may revoke or terminate any such election or appointment. Any such revocation or termination shall be without prejudice to any claim for damages that such officer may have against the Company or the Company may have against such officer for any breach of any contract of service between him and the Company which may be involved in such revocation or termination. Save as provided in the Companies Acts or these Bye-Laws, the powers and duties of the officers of the Company shall be such (if any) as are determined from time to time by the Board.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">MINUTES </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">101.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Directors shall cause Minutes to be made and books kept for the purpose of recording - </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">all appointments of officers made by the Directors; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">the names of the Directors and other persons (if any) present at each meeting of Directors and of any committee; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">of all proceedings at meetings of the Company, of the holders of any class of shares in the Company, and of committees; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">of all proceedings of managers (if any). </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">SECRETARY AND RESIDENT REPRESENTATIVE</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">102.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Secretary shall be appointed by the Board at such remuneration (if any) and upon such terms as it may think fit and any Secretary so appointed may be removed by the Board.</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The duties of the Secretary shall be those prescribed by the Companies Acts together with such other duties as shall from time to time be prescribed by the Board. </FONT></P>

<P style="MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board shall appoint a Secretary who shall be an individual ordinarily resident in Bermuda and who shall be the Secretary of the Company and, in addition, shall also appoint a resident representative who shall be an individual ordinarily resident in Bermuda and who shall be titled the Resident Representative, for as long as such appointed shall be required by the Companies Act.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">103.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A provision of the Companies Acts or these Bye-Laws requiring or authorising a thing to be done by or to a Director and the Secretary shall not be satisfied by its being done by or to the same person acting both as Director and as, or in the place of, the Secretary.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">THE SEAL</FONT></B></P>

<P style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">104.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Seal shall consist of a circular metal device with the name of the Company around the outer margin thereof and the country and year of incorporation across the centre thereof. Should the Seal not have been received at the Registered Office in such form at the date of adoption of this Bye-Law then, pending such receipt, any document requiring to be sealed with the Seal shall be sealed by affixing a red wafer seal to the document with the name of the Company, and the country and year of incorporation type written across the centre thereof.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board shall provide for the custody of every Seal. A Seal shall only be used by authority of the Board or of a committee constituted by the Board. Subject to these Bye-Laws, any instrument to which the Seal is affixed shall be signed by two Directors or the Secretary and one Director, or by any two persons whether or not Directors or the Secretary, who have been authorised either generally or specifically to attest to the use of a Seal; provided that the Secretary or a Director may affix a Seal attested with his signature only to authenticate copies of these Bye-Laws, the Minutes of any meeting or any other documents requiring authentication. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company may have a duplicate seal for use abroad where and as the Directors shall determine and the Company may by writing under the seal appoint any agents or agent or committee abroad to be the duly authorized agent of the Company for the purpose of affixing and using such duplicate seal and they may impose such restrictions on the use thereof as may be thought fit. Wherever in the Bye-Laws reference is made to the seal, the reference shall, when and so far as may be applicable, be deemed to include any such duplicate seal as aforesaid. </FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">DIVIDENDS AND OTHER PAYMENTS</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">105.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may from time to time declare cash dividends or distributions out of contributed surplus to be paid to the Shareholders according to their rights and interests including such interim dividends as appear to the Board to be justified by the position of the Company. The Board may also pay any fixed cash dividend which is payable on any shares of the Company half yearly or on such other dates, whenever the position of the Company, in the opinion of the Board, justifies such payment.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">106.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Except insofar as the rights attaching to, or the terms of issue of, any share otherwise provide:- </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">all dividends or distributions out of contributed surplus may be declared and paid according to the amounts paid up on the shares in respect of which the dividend or distribution is paid, and an amount paid up on a share in advance of calls may be treated for the purpose of this Bye-Law as paid-up on the share; </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 72pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">dividends or distributions out of contributed surplus may be apportioned and paid pro rata according to the amounts paid-up on the shares during any portion or portions of the period in respect of which the dividend or distribution is paid. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">107.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may deduct from any dividend, distribution or other moneys payable to a Shareholder by the Company on or in respect of any shares all sums of money (if any) presently payable by him to the Company on account of calls or otherwise in respect of shares of the Company. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">108.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">No dividend, distribution or other moneys payable by the Company on or in respect of any share shall bear interest against the Company. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">109.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Any dividend, distribution, interest or other sum payable in cash to the holder of shares may be paid by cheque or warrant sent through the post addressed to the holder at his address in the Register or, in the case of joint holders, addressed to the holder whose name stands first in the Register in respect of the shares at his registered address as appearing in the register or addressed to such person at such address as the holder or joint holders may in writing direct. Every such cheque or warrant shall, unless the holder or joint holders otherwise direct, be made payable to the order of the holder or, in the case of joint holders, to the order of the holder whose name stands first in the Register in respect of such shares, and shall be sent at his or their risk and payment of the cheque or warrant by the bank on which it is drawn shall constitute a good discharge to the Company. Any one of two or more joint holders may give effectual receipts for any dividends, distributions or other moneys payable or property distributable in respect of the shares held by such joint holders. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">110.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Any dividend or distribution out of contributed surplus unclaimed for a period of six years from the date of declaration of such dividend or distribution shall be forfeited and shall revert to the Company and the payment by the Board of any unclaimed dividend, distribution, interest or other sum payable on or in respect of the share into a separate account shall not constitute the Company a trustee in respect thereof. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">111.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">With the sanction of a Resolution the Board may direct payment or satisfaction of any dividend or distribution out of contributed surplus wholly or in part by the distribution of specific assets, and in particular of paid-up shares or debentures of any other company, and where any difficulty arises in regard to such distribution or dividend the Board may settle it as it thinks expedient, and in particular, may authorise any person to sell and transfer any fractions or may ignore fractions altogether, and may fix the value for distribution or dividend purposes of any such specific assets and may determine that cash payments shall be made to any Shareholders upon the footing of the values so fixed in order to secure equality of distribution and may vest any such specific assets in trustees as may seem expedient to the Board.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">RESERVES </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">112.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board may, before recommending or declaring any dividend or distribution out of contributed surplus, set aside such sums as it thinks proper as reserves which shall, at the discretion of the Board, be applicable for any purpose of the Company and pending such application may, also at such discretion, either be employed in the business of the Company or be invested in such investments as the Board may from time to time think fit. The Board may also without placing the same to reserve carry forward any sums which it may think it prudent not to distribute. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">CAPITALIZATION OF PROFITS </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">113.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Company may, upon the recommendation of the Board, at any time and from time to time pass a Resolution to the effect that it is desirable to capitalize all or any part of any amount for the time being standing to the credit of any reserve or fund which is available for distribution or to the credit of any share premium account or any capital redemption reserve fund and accordingly that such amount be set free for distribution amongst the Shareholders or any class of Shareholders who would be entitled thereto if distributed by way of dividend and in the same proportions, on the footing that the same be not paid in cash but be applied either in or towards paying up amounts for the time being unpaid on any shares in the Company held by such Shareholders respectively or in payment up in full of unissued shares, debentures or other obligations of the Company, to be allotted and distributed credited as fully paid amongst such Shareholders, or partly in one way and partly in the other, and the Board shall give effect to such Resolution, provided that for the purpose of this Bye-Law, a share premium account and a capital redemption reserve fund may be applied only in paying up of unissued shares to be issued to such Shareholders credited as fully paid and provided further that any sum standing to the credit of the share premium account may only be applied in crediting as fully paid shares of the same class as that from which the relevant share premium was derived.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">114.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Where any difficulty arises in regard to any distribution under the last preceding Bye-Law the Board may settle the same as it thinks expedient and, in particular, may authorise any person to sell and transfer any fractions or may resolve that the distribution should be as nearly as may be practicable in the correct proportion but not exactly so or may ignore fractions altogether, and may determine that cash payments should be made to any Shareholders in order to adjust the rights of all parties, as may seem expedient to the Board. The Board may appoint any person to sign on behalf of the persons entitled to participate in the distribution any contract necessary or desirable for giving effect thereto and such appointment shall be effective and binding upon the Shareholders. </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">RECORD DATES </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">115.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Notwithstanding any other provisions of these Bye-Laws the Company may, by Resolution or the Board may fix any date as the record date for any dividend, distribution, allotment or issue and for the purpose of identifying the persons entitled to receive notices of general meetings. Any such record date may be on or at any time before or after any date on which such dividend, distribution, allotment or issue is declared, paid or made or such notice is despatched.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">ACCOUNTING RECORDS </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">116.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The Board shall cause to be kept accounting records sufficient to give a true and fair view of the state of the Company&#8217;s affairs and to show and explain its transactions, in accordance with the Companies Acts.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">117.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">The records of account shall be kept at the Registered Office or at such other place or places as the Board thinks fit, and shall at all times be open to inspection by the Directors: PROVIDED that if the records of account are kept at some place outside Bermuda, there shall be kept at an office of the Company in Bermuda such records as will enable the directors to ascertain with reasonable accuracy the financial position of the Company at the end of each three month period. No Shareholder (other </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">than an officer of the Company) shall have any right to inspect any accounting record or book or document of the Company except as conferred by law or authorised by the Board or by Resolution.</FONT></P></DIV>

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<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">118.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">A copy of every balance sheet and statement of income and expenditure, including every document required by law to be annexed thereto, which is to be laid before the Company in general meeting, together with a copy of the auditor&#8217;s report, shall be sent to each person entitled thereto in accordance with the requirements of the Companies Acts.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">AUDIT</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">119.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Save and to the extent that an audit is waived in the manner permitted by the Companies Acts, auditors shall be appointed and their duties regulated in accordance with the Companies Acts, any other applicable law and such requirements not inconsistent with the Companies Acts as the Board may from time to time determine.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">SERVICE OF NOTICES AND OTHER DOCUMENTS</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">120.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Any notice or other document (including a share certificate) may be served on or delivered to any Shareholder by the Company either personally or by sending it through the post (by airmail where applicable) in a pre-paid letter addressed to such Shareholder at his address as appearing in the Register or by delivering it to or leaving it at such registered address. In the case of joint holders of a share, service or delivery of any notice or other document on or to one of the joint holders shall for all purposes be deemed as sufficient service on or delivery to all the joint holders. Any notice or other document if sent by post shall be deemed to have been served or delivered seven days after it was put in the post, and in proving such service or delivery, it shall be sufficient to prove that the notice or document was properly addressed, stamped and put in the post.</FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">121.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Any notice of a general meeting of the Company shall be deemed to be duly given to a Shareholder if it is sent to him by cable, telex, telecopier or other mode of representing or reproducing words in a legible and non-transitory form at his address as appearing in the Register or any other address given by him to the Company for this purpose. Any such notice shall be deemed to have been served twenty-four hours after its despatch. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">122.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Any notice or other document delivered, sent or given to a Shareholder in any manner permitted by these Bye-Laws shall, notwithstanding that such Shareholder is then dead or bankrupt or that any other event has occurred, and whether or not the Company has notice of the death or bankruptcy or other event, be deemed to have been duly served or delivered in respect of any share registered in the name of such Shareholder as sole or joint holder unless his name shall, at the time of the service or delivery of the notice or document, have been removed from the Register as the holder of the share, and such service or delivery shall for all purposes be deemed as sufficient service or delivery of such notice or document on all persons interested (whether jointly with or as claiming through or under him) in the share.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">WINDING UP</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">123.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">If the Company shall be wound up, the liquidator may, with the sanction of a resolution of the Company and any other sanction required by the Companies Acts, divide amongst the Shareholders in specie or kind the whole or any part of the assets of the Company (whether they shall consist of property of the same kind or not) and may for such purposes set such values as he deems fair upon any property to be divided as aforesaid and may determine how such division shall be carried out as between the Shareholders or different classes of Shareholders. The liquidator may, with the like sanction, vest the whole or any part of such assets in trustees upon such trust for the benefit of the contributories as the liquidator, with the like sanction, shall think fit, but so that no Shareholder shall be compelled to accept any shares or other assets upon which there is any liability.</FONT></P></DIV>

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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">INDEMNITY</FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">124.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Subject to the proviso below, every Director, officer of the Company and member of a committee constituted under Bye-Law 90 shall be indemnified out of the funds of the Company against all civil liabilities, loss, damage or expense (including but not limited to liabilities under contract, tort and statute or any applicable foreign law or regulation and all reasonable legal and other costs and expenses properly payable) incurred or suffered by him as such Director, officer or committee member and the indemnity contained in this Bye-Law shall extend to any person acting as a Director, officer or committee member in the reasonable belief that he has been so appointed or elected notwithstanding any defect in such appointment or election PROVIDED ALWAYS that the indemnity contained in this Bye-Law shall not extend to any matter which would render it void pursuant to the Companies Acts. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">125.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">Every Director, officer and member of a committee duly constituted under Bye-Law 90 of the Company shall be indemnified out of the funds of the Company against all liabilities incurred by him as such Director, officer or committee member in defending any proceedings, whether civil or criminal, in which judgment is given in his favour, or in which he is acquitted, or in connection with any application under the Companies Acts in which relief from liability is granted to him by the court. </FONT></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">126.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">To the extent that any Director, officer or member of a committee duly constituted under Bye-Law 90 is entitled to claim an indemnity pursuant to these Bye-Laws in respect of amounts paid or discharged by him, the relative indemnity shall take effect as an obligation of the Company to reimburse the person making such payment or effecting such discharge.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">ALTERATION OF BYE-LAWS </FONT></B></P>

<P style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 12pt 36pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=#010000 face="Times New Roman">127.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US color=black face="Times New Roman">These Bye-Laws may be amended from time to time in the manner provided for in the Companies Acts.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Exhibit 31.1</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Certification of Chief Executive Officer</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">I, Yuan Chun Tang, certify that:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I have reviewed this annual</FONT><I><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></I><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">report on Form</FONT><I><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></I><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">20-F of Asia Pacific Wire &amp; Cable Corporation Limited;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this </FONT><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;</FONT></B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">report;&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The company&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a&#8209;15(e) and 15d&#8209;15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company and have:</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evaluated the effectiveness of the company&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disclosed in this report any change in the company&#8217;s internal control over financial reporting that occurred during the period covered by this annual report that has materially affected, or is reasonably likely to materially affect, the company&#8217;s internal control over financial reporting; and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The company&#8217;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company&#8217;s auditors and the audit committee of the company&#8217;s board of directors (or persons performing the equivalent functions):</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company&#8217;s ability to record, process, summarize and report financial information; and</FONT></P>
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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any fraud, whether or not material, that involves management or other employees who have a significant role in the company&#8217;s internal control over financial reporting.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Date: April 30</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">, 2012</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">/s/ Yuan Chun Tang</FONT></P></TD></TR></TABLE></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Yuan Chun Tang</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Chief Executive Officer</FONT></P>

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<TYPE>EX-31.2
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Exhibit 31.2</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Certification of Chief Financial Officer</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">I, Frank Tseng, certify that:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I have reviewed this annual</FONT><I><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></I><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">report on Form</FONT><I><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></I><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">20-F of Asia Pacific Wire &amp; Cable Corporation Limited;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this </FONT><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">&nbsp;</FONT></B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">report;&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The company&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a&#8209;15(e) and 15d&#8209;15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company and have:</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evaluated the effectiveness of the company&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disclosed in this report any change in the company&#8217;s internal control over financial reporting that occurred during the period covered by this annual report that has materially affected, or is reasonably likely to materially affect, the company&#8217;s internal control over financial reporting; and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The company&#8217;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company&#8217;s auditors and the audit committee of the company&#8217;s board of directors (or persons performing the equivalent functions):</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company&#8217;s ability to record, process, summarize and report financial information; and</FONT></P>
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<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any fraud, whether or not material, that involves management or other employees who have a significant role in the company&#8217;s internal control over financial reporting.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Date: April 30</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">, 2012</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<DIV align=left>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">/s/ Frank Tseng</FONT></P></TD></TR></TABLE></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Frank Tseng</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Chief Financial Officer</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Exhibit&nbsp;32.1</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Certification Pursuant to 18 U.S.C. Section 1350 as Adopted</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In connection with the Annual Report of Asia Pacific Wire &amp; Cable Corporation Limited (the &#8220;Company&#8221;) on Form 20-F for the period ended December 31, 2011 as filed with the Securities and Exchange Commission (the &#8220;Report&#8221;), I, Yuan Chun Tang, Chief Executive Officer</FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">of the Company, hereby certify as of the date hereof, solely for purposes of Title 18, Chapter 63, Section 1350 of the United States Code, that to the best of my knowledge:</FONT></P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 18pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934; and&nbsp; </FONT></P>
<P style="TEXT-INDENT: -18pt; MARGIN: 12pt 0cm 0pt 18pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company at the dates and for the periods indicated.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">This Certification has not been, and shall not be deemed, &#8220;filed&#8221; with the Securities and Exchange Commission.</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Date: April 30</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">, 2012</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">/s/ Yuan Chun Tang</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Yuan Chun Tang</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Chief Executive Officer</FONT></P>
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  <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest decimals="-3" contextRef="FY2011_d" unitRef="Dollars">2355000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
  <us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang="EN-US" &gt;8.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;BANK LOANS AND OVERDRAFTS &lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Bank&amp;nbsp;&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; loans and overdrafts consist of the following:&lt;/font&gt;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="HEIGHT: 12.4pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 12.4pt; PADDING-TOP: 0cm" width="63%" valign="top" rowspan="2"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 12.4pt; PADDING-TOP: 0cm" width="37%" valign="top" colspan="2"&gt;&lt;p style="TEXT-INDENT: 71.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 12.35pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 12.35pt; PADDING-TOP: 0cm" width="37%" valign="top" colspan="2"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" &gt;As of December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="63%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="19%" valign="top"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" &gt;2010 &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="18%" valign="top"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="63%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.95pt; MARGIN: 0cm 0cm 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" &gt;Bank loans and overdrafts&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="19%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" &gt;$&amp;nbsp;25,259&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="18%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" &gt;$13,886&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="63%" valign="top"&gt;&lt;p style="TEXT-INDENT: -34.65pt; MARGIN: 0cm 0cm 0pt 28.75pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" &gt;Trust receipts &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="19%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 27.5pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;42,092&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="18%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 22pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;38,927&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="63%" valign="top"&gt;&lt;p style="TEXT-INDENT: -7.35pt; MARGIN: 0cm 0cm 0pt 1.25pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" &gt;Total bank loans and overdrafts&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="19%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$&amp;nbsp;67,351&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="18%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$&amp;nbsp;52,813 &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Under line of credit arrangements for short-term debt with the Company&amp;#146;s bankers, the Company may borrow up to approximately $316,369 (2010: $292,833) on such terms as the Company and the banks may mutually agree upon.&amp;nbsp; These arrangements do not have termination dates but are reviewed annually for renewal.&amp;nbsp; As of December 31, 2011, the unused portion of the credit lines was approximately $224,640&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt; (2010: &lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;$209,634&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;)&lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;, which included unused letters of credit amounting to &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;$128,409 (2010: $128,211)&lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;. Letters of credit are issued by the Company in the ordinary course of business through major financial institutions as required by certain vendor contracts. As of December 31, 2011, the Company had open letters of credit totaling &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;$49,596 (2010: $53,724).&lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt; Liabilities relating to the letters of credit are included in current liabilities.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The credit lines of the Company were collateralized by:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(i)&lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Mortgage of the Company&amp;#146;s land, buildings, machinery and equipment with a total carrying amount of $15,792 at December 31, 2011 (2010: $17,177);&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.45pt; MARGIN: 0cm 0cm 0pt 71.95pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(ii)&lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Pledge of short-term deposits and accounts receivables of $12,024 at December 31, 2011 (2010: $16,104);&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(iii)&lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Pledge of not fewer than 112 million shares of Charoong Thai; and &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(iv)&lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Corporate guarantee issued by the Company and a subsidiary of the Company.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(v)&lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;A trading facility was secured by the assets with total carrying amount of $31,414&amp;nbsp; of a subsidiary as at December 31, 2011 (2010:$28,484).&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The weighted average interest rates on bank loans and overdrafts as of December 31, 2009, 2010 and 2011 were 4.4%, 3.6% and 3.7% per annum, respectively.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;During 2011, CCH (HK) entered into a bank loan agreement with Bangkok Bank Hong Kong Branch with a total cash loan of US$ 14 million and a trade facility of US$ 8 million. The cash loan carries an interest rate of SIBOR (Singapore Inter-bank Borrowing Rate) plus 2.5% for a period of 5.5 years, adjusted quarterly as the SIBOR fluctuates. The bank loan is guaranteed by the Company, as guarantor.&amp;nbsp; As of December 31, 2011, CCH (HK) was not in compliance with certain financial and non-financial loan covenants and the cash loan would become callable on demand. The outstanding balance was classified as a current liability as of December 31, 2011. The Company started negotiation in December 2011 with the Bank on revising the loan covenants and issuing waiver for the default. Up to the date of these financial statements, the negotiation is still in process.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 11.45pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;!--EndFragment--&gt;</us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock>
  <us-gaap:BasisOfAccounting contextRef="FY2011_d">&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;!--StartFragment--&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang="EN-US" &gt;2.&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; BASIS OF PRESENTATION&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (&amp;#147;US GAAP&amp;#148;).&amp;nbsp; The basis of accounting differs from that used in the statutory financial statements of the Company&amp;#146;s subsidiaries and equity investee companies, which are prepared in accordance with the accounting principles generally accepted in their respective countries of incorporation.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; All dollar amounts in the financial statements and in the notes herein are U.S. Dollars (&amp;#147;US$&amp;#148;) unless otherwise designated. &lt;/font&gt;&lt;/p&gt;&lt;!--EndFragment--&gt;&lt;/div&gt;</us-gaap:BasisOfAccounting>
  <us-gaap:AccountingChangesAndErrorCorrectionsTextBlock contextRef="FY2011_d">&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;!--StartFragment--&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang="EN-US" &gt;3.&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; CHANGES IN PRESENTATION OF COMPARATIVE FINANCIAL STATEMENTS&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;SPFO was consolidated prior to its disposal and it met the criteria for reporting as discontinued operations. Therefore, the results of operations of SPFO and the gain of the disposal have been classified as &amp;#147;Income from operations of discontinued SPFO&amp;#148; in the consolidated statements of operations for the year ended December 31, 2011 and prior periods amounts have been reclassified accordingly.&lt;/font&gt;&lt;/p&gt;&lt;!--EndFragment--&gt;&lt;/div&gt;</us-gaap:AccountingChangesAndErrorCorrectionsTextBlock>
  <us-gaap:ConcentrationRiskDisclosureTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;16.&amp;nbsp;&amp;nbsp;&amp;nbsp; CONCENTRATIONS OF RISKS&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36.55pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(a)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Concentrations of credit risk&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, bank deposits, investments, investment securities and trade accounts receivable.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The Company maintains cash and cash equivalents with various financial institutions. These financial institutions are located in Singapore, Thailand, Australia, Hong Kong and the People&amp;#146;s Republic of China.&amp;nbsp; The Company&amp;#146;s policy is designed to limit its exposure to any one institution.&amp;nbsp; The Company performs periodic evaluations of the relative credit standing of those financial institutions that are considered in the Company&amp;#146;s investment strategy.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of entities comprising the Company&amp;#146;s customer base. The Company carefully assesses the financial strength of its customers and generally does not require any collateral. At December 31, 2011, no single group or customer represents greater than 10% of the Company&amp;#146;s accounts receivable. The Company&amp;#146;s exposure to credit risk arises from default of counterparty, with maximum exposure equal to the carrying amount of these financial instruments.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company is exposed to credit loss in the event of non-performance by counter parties on foreign exchange contracts, but the Company does not anticipate non-performance by any counter parties.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35pt; MARGIN: 0cm 0cm 0cm 70pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(b)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Concentrations of customers&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 69.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;One customer accounted for more than 10% of the total revenue for the year ended December 31, 2009 (note 20). No single customer accounted for more than 10% of the total revenue for the years ended December 31, 2010 and 2011.&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -55pt; MARGIN: 0cm 0cm 0cm 90pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(c)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Risk related to copper and supplier&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 8pt; font:Courier New"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Copper is the principal raw material used by the Company. The Company purchases copper at prices closely related to the prevailing international spot market prices on the London Metal Exchange for copper. The price of copper is influenced heavily by global supply and demand as well as speculative trading. Consequently, a change in the price of copper will have a direct effect on the Company&amp;#146;s cost of sales.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Substantially all of the Company&amp;#146;s copper rods are supplied by PEWC. In addition to copper rod, the Company purchases high voltage power cable from PEWC for distribution purposes. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 71.1pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -55pt; MARGIN: 0cm 0cm 0cm 90pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(d)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Foreign exchange risk&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 70.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Changes in exchange rates influence the Company&amp;#146;s results of operations. The Company&amp;#146;s principal operations are located in Thailand, the People&amp;#146;s Republic of China (&amp;#147;PRC&amp;#148;) and Singapore and a substantial portion of its revenues are denominated in Thai Baht, U.S. Dollars or Singapore Dollars, whereas a substantial portion of the Company&amp;#146;s cost of sales are denominated in U.S. Dollars. Any devaluation of the Thai Baht or Singapore dollar against the US dollar would have an adverse impact on the operations of the Company.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt;(e)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt;Current vulnerability due to certain other concentrations&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 60pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;The Company conducts substantial business operations in the PRC. The results of operations and prospects may be adversely affected by significant economic, legal and other developments in the PRC. Although the PRC government has been pursuing economic reform policies for more than 20 years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the PRC&amp;#146;s political, economic and social conditions. There is also no guarantee that the PRC government&amp;#146;s pursuit of economic reforms will be consistent or effective.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt;(f)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;C&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt;oncentration in the geographic area&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 60pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;The Company conducts substantial business operations in the Thailand, PRC, Singapore and Australia. See note 20 - Segment Financial Information for details.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;!--EndFragment--&gt;</us-gaap:ConcentrationRiskDisclosureTextBlock>
  <us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;19.&amp;nbsp;&amp;nbsp;&amp;nbsp; DISCONTINUED OPERATIONS&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The Company entered into an agreement to dispose its 51% equity interest in the SPFO joint venture to a group of investors in exchange for a total cash consideration of RMB18.5 million (approximately $2.9 million), effective upon the directors&amp;#146; approval on September 7, 2011. The purpose of the disposal is to focus on the Company&amp;#146;s core wire and cable business that are more profitable by divesting its non-core fiber-optics cable, of which the market in china has very competitive. The share transfer was completed on December 1, 2011, consequently, the Company&amp;#146;s deconsolidated SPFO effective December 1, 2011. The Company recognized $1,962 gain on disposal of a subsidiary in consolidated statement of operations.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;SPFO was consolidated prior to its disposal and it met the criteria for reporting as discontinued operations. Therefore, the results of operations of SPFO and the gain of the disposal have been classified as &amp;#147;Income from operations of discontinued SPFO&amp;#148; in the consolidated statement of operations for the year ended December 31, 2011 and prior periods' amounts have been reclassified accordingly. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Results from discontinued operations related to SPFO for the years ended December 31, 2009 and 2010 and period ended November 30, 2011 are as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="46%" valign="bottom" colspan="3"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: left; MARGIN: 0cm" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: left; MARGIN: 0cm" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: left; MARGIN: 0cm" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Net sales &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 35,993&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 22,736&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 30,210&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.7pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Cost of sales &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(30,244)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="16%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(18,072)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="16%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(25,111)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" &gt;Gross profit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;5,749&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4,664&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;5,099&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Selling, general and administrative expenses &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(4,456)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(3,545)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(4,809)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Recovery of doubtful accounts &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;752&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;377&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;68&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Income from discontinued operations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,045&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,496&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;358&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Exchange gain, net &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;20&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest income&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;110&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;129&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest expenses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,000)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,197)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,336)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Other income (expenses)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;85&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;37&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(38)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Income (loss) before income tax&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,150&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;446&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(887)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; MARGIN: 0cm" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Gain on disposal of SPFO&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,962&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Income from operations of discontinued SPFO&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,150&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;446&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,075&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Income tax&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(697)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(450)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(229)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" &gt;Net income (loss) of discontinued operations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 453&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (4)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 846&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" &gt;Net income (loss) attributable to non-controlling interests&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;222&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(2)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(547)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="53%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" &gt;Net income (loss) attributable to APWC &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;231&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(2)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,393&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;The transactions undertaken with related parties are summarized as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6.75pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="46%" valign="top" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31, &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"&gt;&lt;font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Purchases of goods from Shandong Yanggu&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;17&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;317&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Sales to Shandong Yanggu&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;96&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;536&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.7pt 0pt 9.05pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Sales to SPRC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;160&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;157&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.7pt 0pt 9.05pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest expense paid to Shandong Yanggu &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;63&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.7pt 0pt 9.05pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Management fee paid to Shandong Yanggu &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;387&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0.7pt 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;p style="TEXT-ALIGN: center"&gt;&amp;nbsp;&lt;/p&gt;&lt;!--EndFragment--&gt;</us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock>
  <us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock contextRef="FY2011_d">&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;!--StartFragment--&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;15.&amp;nbsp;&amp;nbsp;&amp;nbsp; FAIR VALUE DISCLOSURES&lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Cash and cash equivalents&lt;/font&gt;&lt;/u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;:&amp;nbsp; The carrying amount reported in the balance sheet for cash and cash equivalents approximates its fair value because of the short-term maturity of these instruments.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Bank deposits&lt;/font&gt;&lt;/u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;:&amp;nbsp; The carrying amount reported in the balance sheet for bank deposits approximates its fair value because of the short-term maturity of these instruments.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0cm 35.45pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;u&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Accounts receivable and accounts payable&lt;/font&gt;&lt;/u&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;:&amp;nbsp; The carrying amounts reported in the balance sheet for accounts receivable and accounts payable approximate their fair values because of the short-term maturity of these instruments.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0cm 35.45pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;u&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Related party balances&lt;/font&gt;&lt;/u&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;:&amp;nbsp; The carrying amounts reported in the balance sheet for related party balances approximate their fair values because of the short-term maturity of these instruments.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.1pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Short-term debt&lt;/font&gt;&lt;/u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;: The carrying amounts of the Company&amp;#146;s borrowings under its short-term revolving credit arrangements approximate their fair values. The fair value of the non-interest bearing short-term debt from related parties approximates to its carrying amount as it is repayable on demand. &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 2.75pt; MARGIN: 0cm 0cm 0pt 71.5pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Investment securities&lt;/font&gt;&lt;/u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;: The fair values of marketable equity securities are based on quoted market prices, details of which are set out in note 7. In accordance with ASC 820, the marketable securities are classified within Level 1 of fair value hierarchy. It is not practicable to estimate the fair values of the equity investments that do not have a quoted market price, without incurring excessive costs. In accordance with ASC 820, such instruments are classified in the Level 3 of fair value hierarchy.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Forward exchange contracts&lt;/font&gt;&lt;/u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;: The fair values of forward exchange contracts are estimated by reference to market quotations for forward contracts with similar terms, adjusted where necessary for maturity differences. The foreign currency forward contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 2.75pt; MARGIN: 0cm 0cm 0pt 28.3pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;!--EndFragment--&gt;&lt;/div&gt;</us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock>
  <us-gaap:UnusualOrInfrequentItemsDisclosureTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;14.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;FLOODING IN THAILAND&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33.05pt; MARGIN: 0cm 0cm 0pt 33.05pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Siam Pacific, a wholly owned subsidiary of Charoong Thai, suspended operations temporarily in 2011 due to damage sustained from the region&amp;#146;s recent flooding. The facility of Siam Pacific, located 30 kilometers north of Bangkok, manufactures enameled wire and communication wire. The facility sustained water damage, as the water level reached approximately 1.5 meters which damaged some of the machinery and equipment in the plant, as well as some of the inventory in the warehouse. As a result, the Company recorded $3,947 of flood-related charges, including property, plant and equipment, impairments, repairing charges and a write-down of damaged inventory and recognized $874 of deferred tax asset related to the charges in 2011. These charges are separately stated as a line item, &amp;#147;Charges related to flooding&amp;#148; included in operating expense on the consolidated statement of operations. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company&amp;#146;s insurance policy covers the flood damage to the building, machinery, and inventory; however, it does not cover losses incurred due to the business disruption. The process of submitting claims to the Company&amp;#146;s insurers is still ongoing and the Company is unable to determine of the amount of losses to be recovered from the insurance company. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The following table summarizes the flood related charges for the year ended December 31, 2011:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="84%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 0pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Inventory write-down &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 3,572&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="84%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Property, plant and equipment impairment &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;25&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="84%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Repairing charges &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0cm; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt 8.8pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;350&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="84%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total charges &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 3,947&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="TEXT-ALIGN: center"&gt;&amp;nbsp;&lt;/p&gt;&lt;!--EndFragment--&gt;</us-gaap:UnusualOrInfrequentItemsDisclosureTextBlock>
  <us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock contextRef="FY2011_d">&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;!--StartFragment--&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;6.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;GOODWILL&amp;nbsp;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Goodwill of $8,801 as of December 31, 2010 relating to the manufactured products segment and the changes in the carrying amount of goodwill are as follows: &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="85%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Balance as of December 31, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 8,801&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="85%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Disposal of a subsidiary &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(10)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="85%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Impairment charge&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(8,791)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="85%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Balance as of December 31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" width="15%" valign="top" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$&lt;/font&gt;&amp;nbsp;-&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.1pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In accordance with ASC 350, the Company assessed the fair value of the reporting unit as of December 31, 2011. The Company adopted the discounted cash flow approach and, considering that the reporting unit constituted the majority of the overall consolidated group, by reference to the closing price of its common stock on that date as well as an assumed control premium. From January 2011 to December 2011, the stock market downturn caused a decline in the Company&amp;#146;s stock price by 54.8%, which resulted in a significant reduction in the Company&amp;#146;s market capitalization. As of December 31, 2011, the assessed fair value was below the carrying value of the reporting unit. The Company then performed a hypothetical purchase price allocation using the fair value of reporting unit and determined that the goodwill was fully impaired. As a result, the Company recognized a goodwill impairment charge of $8,791 for the year ended December 31, 2011 as a separate item in the consolidated statements of operations. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.1pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;!--EndFragment--&gt;&lt;/div&gt;</us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock>
  <us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;17.&amp;nbsp;&amp;nbsp;&amp;nbsp; RELATED PARTY BALANCES AND TRANSACTIONS&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The related parties are defined as affiliates of the Company; entities for which investments are accounted for by the equity method by the Company; the principal owners of the Company; its management; members of the immediate families of the principal owners of the Company and its management.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Moon View, PEWC, Singapore Branch and PEWC Singapore Co. (Pte) Ltd are controlled by PEWC.&amp;nbsp; Moon View is the immediate holding company of the Company. Italian-Thai is the minority shareholder of one of the Company&amp;#146;s Operating Subsidiaries in Thailand. Shandong Yanggu is the shareholder of one of the Company&amp;#146;s Operating Subsidiaries in China. SPHC is one of the Company&amp;#146;s equity investees. Fujikura Limited is a shareholder of one of the Company&amp;#146;s Operating Subsidiaries in Thailand. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="32%" valign="top" colspan="3"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;December 31, &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Due from:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;PEWC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 1,628&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 1,797&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;PEWC, Singapore Branch&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,030&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,071&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -8.6pt; MARGIN: 0cm 0.55pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Italian-Thai Development Public Company Limited (&amp;#147;Italian-Thai&amp;#148;) and its affiliates&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,346&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,180&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;SPHC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,631&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,179&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0cm 11pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Shandong Yanggu Wire &amp;amp; Cable Corp Ltd (&amp;#147;Shandong Yanggu&amp;#148;) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;514&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Others&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;97&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 8,246&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 5,227&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Due to:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;PEWC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 11,389&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 9,490&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;PEWC, Singapore Branch&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;891&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;893&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;PEWC Singapore Co. (Pte) Ltd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,262&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,276&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Shandong Yanggu &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;9&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Fujikura Limited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;224&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;184&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Thai Metal Processing Co., Ltd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;112&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;60&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -8.6pt; MARGIN: 0cm 0.55pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;SPHC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,858&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,384&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td height="27" style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Shandong Huayu&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;395&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;406&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 17,140&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 14,693&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Short-term loan from:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Moon View Ventures Limited (&amp;#147;Moon View&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 1,732&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 1,732&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 1,732&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 1,732&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The interest rates on the above balances with related parties range from 1.25% to 1.38% and are repayable upon demand. All balances with related parties are unsecured.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The transactions undertaken with related parties are summarized as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 6.75pt; MARGIN-RIGHT: 6.75pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="46%" valign="top" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31, &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Purchases of copper from PEWC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 33,426 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 42,236 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 44,466 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Purchases of power cables from PEWC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;12,211&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,846&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;7,164&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -14.2pt; MARGIN: 0cm 0.7pt 0pt 14.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Purchases of raw materials from Thai Metal Processing Co. Ltd&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;955&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,153&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,139&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Purchases of goods from PEWC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;11,247&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;210&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;320&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Purchases of goods from Fujikura Limited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,946&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,536&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,348&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Sales to Italian Thai and its affiliates&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4,144&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,741&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,663&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 9.05pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Sales to PEWC &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;65&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 9.05pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 11pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest expense paid to PEWC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;135&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0pt 11pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest expense paid to PEWC&lt;/font&gt;&lt;font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; Singapore Co. (Pte) Ltd&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;19&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;14&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;13&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0pt 11pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest income from Italian Thai Development Public Co Ltd&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Management fee paid to PEWC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;147&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;204&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;239&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Management fee received from PEWC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 5pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;19&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Management fee received from PEWC, Singapore Branch &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 5pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;13&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;14&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;14&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0pt 11pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Management fee received from Italian Thai Development Public Co., Ltd&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;63&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;34&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 23.45pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="51%" valign="top"&gt;&lt;p style="TEXT-INDENT: -14.5pt; MARGIN: 0cm 0.55pt 0pt 14.5pt"&gt;&lt;font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Dividend income from Thai Metal Processing Co. Ltd. &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;65&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;106&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="13%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 16.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="51%" valign="bottom"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="3%" valign="bottom"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="3%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="4%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 16.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="51%" valign="bottom"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Information technology service fee paid to PEWC &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="3%" valign="bottom"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;36&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="3%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;35&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="4%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;38&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0pt 0pt 42.55pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt;&lt;br clear="all"/&gt;&lt;/font&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Copper is the major raw material of the Company&amp;#146;s wire and cable products.&amp;nbsp; The Company purchases copper in the form of copper rods and copper cathode.&amp;nbsp; Copper cathode is purchased by Siam Pacific to avoid the high import tariffs levied on copper rods.&amp;nbsp; Copper cathode needs to be processed into copper rods prior to the manufacturing of wire and cable products.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Substantially all of the Company&amp;#146;s copper rods are supplied by PEWC while copper cathodes are supplied by unrelated third parties. The price of copper rods purchased from PEWC is determined by reference to the quoted copper prices on the London Metal Exchange (the &amp;#147;LME&amp;#148;) plus a certain premium.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; In addition to copper rods, the Company purchases high voltage power cable from PEWC for distribution purposes. The purchase price of power cable from PEWC is determined by reference to the quoted copper prices on the LME. No sales commission was received from PEWC during the years 2009, 2010 and 2011.&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Pursuant to the composite services agreement:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; (a)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; PEWC will sell copper rod to the Company, upon the Company&amp;#146;s request, (i) at a price consisting of the average spot price of copper on the LME for the one month prior to purchase plus an agreed upon premium, (ii) at prices and on terms at least as favorable as it provides copper rod to other purchasers of similar amounts of copper rod in the same markets as PEWC and (iii) will give priority in the supply of copper rod to the Company over other purchasers of copper rod from PEWC.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; (b)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; PEWC grants to the Company the right to distribute any wire or cable product manufactured by PEWC in all markets in which the Company presently distributes or develops the capability to distribute in the future, such products on such terms as have historically been in effect or on terms at least as favorable as PEWC grants to third parties that distribute such products in such markets.&amp;nbsp; However, PEWC shall not be required to grant to the Company the right to distribute products manufactured by PEWC in the future in markets where the Company does not currently have the capability to distribute unless and until PEWC has no pre-existing contractual rights which would conflict with the grant of such right to the Company.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; (c)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; PEWC will make available to the Company, upon the Company&amp;#146;s request and on terms to be mutually agreed between PEWC and the Company from time to time, access to certain of PEWC&amp;#146;s technology (and PEWC personnel necessary to use such technology) with respect to the design and manufacture of wire and cable products, including, without limitation, certain fiber optic technology.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; (d)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; PEWC will make available to the Company, upon the Company&amp;#146;s request and on terms to be mutually agreed between PEWC and the Company from time to time, certain services with respect to the design and manufacture of wire and cable products, computerization, inventory control, purchasing, internal auditing, quality control, emergency back-up services, and recruitment and training of personnel; such services may include the training of the Company&amp;#146;s employees and managers at PEWC facilities and the secondment of PEWC employees and managers to the Company.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font style="FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font style="FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; (e)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Each of PEWC and the Company will offer the other party the right to participate in any negotiations with a third party concerning the establishment of any facility or similar venture to manufacture or distribute any wire or cable product outside of the markets where the Company currently manufactures or distributes, or intends to develop the capability to manufacture or distribute, any wire or cable product.&amp;nbsp; Unless the Company and PEWC mutually agree otherwise, the Company shall have the right of first refusal to enter into any definitive agreement with such third party.&amp;nbsp; If, however, such third party would not agree to the substitution of the Company for PEWC or such substitution would prevent the &lt;font style="FONT-SIZE: 11pt" &gt;successful completion of the facility or venture,&amp;nbsp; PEWC will arrange for the Company to participate to the extent possible.&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 8pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; (f)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Without the consent of the Company, PEWC will not compete with respect to the manufacture of wire and cable products in any market in which the Company is manufacturing or has taken significant steps to commence manufacturing.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; (g)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; For purposes of the composite services agreement, each province in China is considered the equivalent of a market.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; (h)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The composite services agreement dated November 7, 1996 has a three-year term. The Agreement originally expired on November 7, 1999. The Company gave a notice to extend the Agreement by successive one-year periods commencing on April 20, 2001. The notice is treated as a standing notice for successive one-year period renewals until further written notice from the Company.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; To the extent that transactions occur in the future between the Company and PEWC or affiliates of PEWC other than under the Composite Service Agreement, such transactions will be entered into on an arm&amp;#146;s length basis on terms no less favorable than those available from unaffiliated third parties.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;!--EndFragment--&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
  <apwc:ShorttermBankDepositsTextBlock contextRef="FY2011_d">&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;!--StartFragment--&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;5.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;SHORT-TERM BANK DEPOSITS &lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="MARGIN: 0cm 73.35pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="32%" valign="top" colspan="3"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="MARGIN: 0cm 73.35pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"&gt;&lt;p style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="center"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"&gt;&lt;p style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="MARGIN: 0cm 73.35pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="MARGIN: 0cm 14.15pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Unrestricted short-term bank deposits&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&lt;font style="FONT-SIZE: 11pt" &gt;$ &lt;/font&gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font style="FONT-SIZE: 11pt" &gt;$&lt;/font&gt;&amp;nbsp;2,529&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 14.15pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Restricted short-term bank deposits &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;17,422&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;12,024&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="MARGIN: 0cm 73.35pt 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$&amp;nbsp;17,422&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0.55pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$&amp;nbsp;14,553&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Short-term bank deposits are deposits with maturities of more than three months but less than one year. Restricted short-term bank deposits represent the amounts of cash pledged by two subsidiaries in Thailand to secure credit facilities granted by financial institutions. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;These bank deposits bear interest rates ranging from 0.06% to 1.98% and 0.3% to 3.7% per annum as of December 31, 2010 and 2011, respectively.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;!--EndFragment--&gt;&lt;/div&gt;</apwc:ShorttermBankDepositsTextBlock>
  <us-gaap:ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock contextRef="FY2011_d">&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;!--StartFragment--&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 11pt" lang="EN-US" &gt;10.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 11pt" &gt;VALUATION AND QUALIFYING ACCOUNTS&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Description&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Balance at beginning of year&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Net charge (credit) to income&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Deduction&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Currency translation adjustment&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Balance at &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;end of year&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Year ended December 31, 2009:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: 0.5pt; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Allowance for doubtful accounts&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 9,644&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ (860)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ (326)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 236&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 8,694&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Inventory impairment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 0.5pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -78.4pt; MARGIN: 0cm 5pt 0cm 73pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;- Lower of cost or market &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;26,282&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;(24,268)&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;42&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;1,158&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;3,214&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;- Obsolescence&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;433&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;319&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;(6)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;35 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;781&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Allowance for deferred tax assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;6,683&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;(4,781)&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;587&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;2,489 &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 43,042 &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ (29,590)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.55pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ (290)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 2,016&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 15,178&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Year ended December 31, 2010:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1.5pt 0pt 2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Allowance for doubtful accounts&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 8,694&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ (1,317)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ (1,063)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 572&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 6,886&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Inventory impairment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1.5pt 0pt 2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -78.4pt; MARGIN: 0cm 5pt 0cm 73pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;- Lower of cost or market &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;3,214&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1.4pt 0pt 2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;(2,219)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;201&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;1,196&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;- Obsolescence&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;781&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1.5pt 0pt 2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;245&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;93&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;1,119&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Allowance for deferred tax assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;2,489&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 2pt; BORDER-TOP: medium none; MARGIN-RIGHT: 1.4pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;2,460&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;(132)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;4,817 &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 15,178&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" &gt;$ (831)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" &gt;$ (1,063)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 734&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 14,018&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Year ended December 31, 2011:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1.5pt 0pt 2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Allowance for doubtful accounts&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 6,886&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ (1,555)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ (664)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ (53)&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 4,614&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Inventory impairment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1.5pt 0pt 2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -78.4pt; MARGIN: 0cm 5pt 0cm 73pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;- Lower of cost or market &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;1,196&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;1,725&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;(888)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;(14)&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;2,019&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;- Obsolescence&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;1,119&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;268&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;(81)&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;1,306&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: 0.45pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;- Charges related to flooding&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;3,572&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.1pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;-&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="LINE-HEIGHT: 11pt; MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 9pt" &gt;(130)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0px 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;3,442&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;Allowance for deferred tax assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;4,817 &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;(3,942)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;-&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;875 &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"&gt;&lt;p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$14,018 &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" &gt;$ 68&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" &gt;$ (1,552)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ (278)&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" &gt;$ 12,256&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;During 2009, the copper prices on London Metal Exchange (the &amp;#147;LME&amp;#148;) gradually rose from $3,220 in January 2009 to $6,981 in December 2009. The previous recognized impairment of $24,268 due to lower of cost or market was credited to cost of sales for those finished goods which were sold at above market in 2009. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;During 2010, the Company exercised rigorous controls over raw-material inventory and through long-term copper future contacts reduced its exposure to the fluctuations in market prices for copper, which resulted in a significant reduction in the inventory impairment. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;During 2011, the decrease in commodity prices, including that of copper, resulted in a write-down of the cost of the inventory as of December 31, 2011. Copper prices on the LME fell from an average monthly price high of $9,555 in January 2011 to $7,657 in December 2011. As a result, inventory write-down to market of $1,725 was charged to cost of sales for the year ended December 31, 2011.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The impairment charge of $3,572 was related to flooding in Thailand (note 14).&lt;/font&gt;&lt;/p&gt;&lt;!--EndFragment--&gt;&lt;/div&gt;</us-gaap:ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock>
  <apwc:RecoveryForDoubtfulAccounts decimals="-3" contextRef="FY2009_d" unitRef="Dollars">-860000</apwc:RecoveryForDoubtfulAccounts>
  <apwc:RecoveryForDoubtfulAccounts decimals="-3" contextRef="FY2010_d" unitRef="Dollars">-1317000</apwc:RecoveryForDoubtfulAccounts>
  <apwc:RecoveryForDoubtfulAccounts decimals="-3" contextRef="FY2011_d" unitRef="Dollars">-1555000</apwc:RecoveryForDoubtfulAccounts>
  <us-gaap:CommitmentsAndContingencies xsi:nil="true" contextRef="FY2010_e" unitRef="Dollars"/>
  <us-gaap:CommitmentsAndContingencies xsi:nil="true" contextRef="FY2011_e" unitRef="Dollars"/>
  <us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax decimals="-3" contextRef="FY11d_AccumulatedOtherComprehensiveIncomeMember" unitRef="Dollars">-68000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
  <us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax decimals="-3" contextRef="FY11d_ParentMember" unitRef="Dollars">-68000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
  <us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax decimals="-3" contextRef="FY11d_NoncontrollingInterestMember" unitRef="Dollars">0</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
  <us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax decimals="-3" contextRef="FY2011_d" unitRef="Dollars">-68000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
  <us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax decimals="-3" contextRef="FY11d_AccumulatedOtherComprehensiveIncomeMember" unitRef="Dollars">68000</us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax>
  <us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax decimals="-3" contextRef="FY11d_ParentMember" unitRef="Dollars">68000</us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax>
  <us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax decimals="-3" contextRef="FY11d_NoncontrollingInterestMember" unitRef="Dollars">0</us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax>
  <us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax decimals="-3" contextRef="FY2011_d" unitRef="Dollars">68000</us-gaap:OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax>
  <us-gaap:SegmentReportingDisclosureTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt"  &gt;20.&amp;nbsp;&amp;nbsp;&amp;nbsp; SEGMENT FINANCIAL INFORMATION&lt;/font&gt;&lt;/b&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Description of Products by Segment&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font style="DISPLAY: none" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;t57 ititivein china has very re than 10% of the total reveune 4 (2010:$28,484) of a subsidiary as at Decebsidiary as at Deceents&lt;/font&gt;&lt;/font&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In accordance with ASC 280, &lt;/font&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;#147;Segment Reporting&amp;#148;&lt;/font&gt;&lt;/i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;, the Group chief operating decision maker has been identified as the chief operating officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. According to the management approach, the Company currently operates in three operating segments: (1) manufacturing of wire and cable products (&amp;#147;Manufactured products&amp;#148;), (2) distribution of copper and cable products manufactured by PEWC (&amp;#147;Distributed products&amp;#148;) and (3) sales, delivery and installation of wires and cables (&amp;#147;SDI&amp;#148;).&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Measurement of Segment Profit or Loss and Segment Assets&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/i&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company evaluates performance and allocates resources based on profit or loss from operations before interest, gains and losses on the Company&amp;#146;s investment portfolio, and income taxes. The accounting policies of the reportable segments, including transactions entered between reportable segments, are the same as those described in the summary of significant accounting policies.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Revenues&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Revenues from external customers:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Manufactured products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 264,128&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 396,059&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 429,474&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Distributed products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;28,102&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;26,935&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;25,500&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Supply, delivery and installation of wires and cables&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"&gt;&lt;p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;34,008&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 4.5pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;23,600&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"&gt;&lt;p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;16,972&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total revenues from external customers&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 326,238&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 446,594&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 471,946&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Intersegment revenues:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Manufactured products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 12,235&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 3,143&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 3,283&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Distributed products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 45pt; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;9,898&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;13,960&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total intersegment revenues&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 12,235&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 13,041&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 17,243&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total segment revenues&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 338,473&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 459,635&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 489,189&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Reconciling item&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Elimination of intersegment revenues&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(12,235)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(13,041)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(17,243)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"/&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total revenues &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 326,238&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 446,594&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 471,946&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: 27.5pt; MARGIN: 0cm 10pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 5.65pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Segment profit (loss)&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 5.65pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Manufactured products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 14,288&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 53,429&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 42,876&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Distributed products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,517&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,378&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,955&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Supply, delivery and installation of wires and cables&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;889&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;242&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;57&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Inventory impairment &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;23,949&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,974&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,993)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total segment profit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 40,643&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 57,023&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 43,895&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Reconciling items&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Corporate and other expenses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(24,228)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(28,371)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(42,079)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Exchange gain (loss)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 4.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;507&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,041&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,346)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest income&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;458&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;492&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,409&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest expense&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,597)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,364)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(2,217)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Share of net loss of equity investees&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(40)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(21)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(58)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Gain on liquidation of subsidiary &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;568&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Other income&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,111&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,032&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,032&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0cm 11pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Income from continuing operations before income taxes &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 18,422&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 31,832&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 636&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/i&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Segment assets&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Manufactured products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 280,179&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 374,634&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 326,960&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Distributed products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;6,363&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;8,195&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4,369&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Supply, delivery and installation of wires and cables&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;864&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;359&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;357&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total segment assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 287,406&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 383,188&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 331,686&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Reconciling items&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Corporate and other assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;5,383&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;493&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,168&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Investment in equity investee companies&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,263&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,242&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4,435&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 7.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total assets &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 296,052&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 386,923&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 337,289&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Expenditures for additions to long-lived assets&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Manufactured products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 3,260&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 3,650&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 8,775&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Distributed products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Supply, delivery and installation of wires and cables&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Corporate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;113&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total expenditure for additions to long-lived assets&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 3,260&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 3,653&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 8,888&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="50%" valign="top" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Depreciation expenses&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Manufactured products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (8,165)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (6,474)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (6,014)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Distributed products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Supply, delivery and installation of wires and cables&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"&gt;&lt;font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Corporate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(14)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(14)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(52)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Depreciation expenses of continuing operations &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (8,179)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (6,488)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: -6.8pt; MARGIN: 0cm 0cm 0pt 6.8pt" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (6,066)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Depreciation expenses of discontinued operations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(762)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(369)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(396)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total depreciation expenses &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(8,941)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(6,857)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(6,462)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Impairment loss of long-lived assets and goodwill&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Manufactured products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ - &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ -&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (8,816) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Distributed products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3.35pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Supply, delivery and installation of wires and cables&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3.35pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Corporate &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(77)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 4.9pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total impairment loss &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (77)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ -&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (8,816)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6.4pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest income&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Manufactured products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 408&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 454&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 1,305&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Distributed products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;21&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;27&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="TEXT-INDENT: 16.5pt; MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;81&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Supply, delivery and installation of wires and cables&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;29&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;11&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Corporate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;20&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 0.7pt 0cm 7.55pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total interest income of continuing operations &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 458&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 492&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 1,409&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest expense&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Manufactured products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 0pt" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (1,414)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (1,203)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (2,050)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Distributed products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(59)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(73)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(88)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Supply, delivery and installation of wires and cables&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(87)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(39)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(39)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Corporate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(37)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(49)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(40)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 0.7pt 0cm 7.55pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total interest expense of continuing operations and discontinuing operations&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (1,597)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (1,364)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (2,217)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;i&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Share of net loss of equity investees &lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Manufactured products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ - &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ - &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ - &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Distributed products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Supply, delivery and installation of wires and cables&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Corporate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(40)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(21)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(58)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total share of net loss of equity investees&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (40)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (21)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm" align="right"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (58)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;br clear="all"/&gt;&lt;/font&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 16.2pt 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; There is no sales of 10% or more of the total revenue to a single customer for 2010 and 2011. In 2009, sale to SP Powerassets Ltd. exceeded 10% of total revenue, which included sales of manufactured products, distributed products, and sales, delivery and installation of wires and cables, are as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="17%" colspan="2"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -18.7pt; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -18.7pt; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Manufactured products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 10,398&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Distributed products&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;22,746&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Supply, delivery and installation of wires and cables&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;32,806&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.45pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.45pt; PADDING-TOP: 0cm" width="83%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.45pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.45pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 65,950&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr &gt;&lt;td width="83%"&gt;&amp;nbsp;&lt;/td&gt;&lt;td width="2%"&gt;&amp;nbsp;&lt;/td&gt;&lt;td width="15%"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Geographic Area Data&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 16.2pt 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Revenue from external customers is attributed to individual countries based on the customer&amp;#146;s country of domicile and is summarized as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0cm 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Revenues from external customers&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Continuing operations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Thailand&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 96,799&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 165,191&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 176,011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Singapore&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;94,782&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;70,154&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;86,474&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Australia&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;34,574&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;46,288&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;61,457&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The People&amp;#146;s Republic of China&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;90,768&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;146,529&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;138,970&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Vietnam&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4,550&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;9,752&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;5,106&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Others (Southeast Asia)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4,765&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;8,680&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,928&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="45%" valign="top"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 326,238&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 446,594&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 471,946&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.7pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Revenue from discontinued operations&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 35,993&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 22,736&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 30,210&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #ffffff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="100%" valign="top" colspan="7"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Long-lived assets by the country of domicile are summarized as follow:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Long-lived assets by area:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Thailand&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 28,002&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 27,926&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 19,894&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Singapore&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;8,069&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;8,987&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;10,339&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Australia&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,515&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,520&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;6,119&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The People&amp;#146;s Republic of China&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;12,837&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;12,261&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;6,500&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Others&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;18&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;8&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;62&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.7pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="45%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total long-lived assets&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 52,441&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 52,702&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 42,914&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;p style="TEXT-ALIGN: center"&gt;&amp;nbsp;&lt;/p&gt;&lt;!--EndFragment--&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;13.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;COMMITMENTS AND CONTINGENCIES &lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -49pt; MARGIN: 0cm 0cm 0pt 84pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(a)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Leases&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The Company leases certain machinery and equipment under capital leases for 2010 and 2011.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The Company leases a piece of land in Singapore and certain buildings under non-cancellable operating lease arrangements for terms from 5 to 30 years.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Future minimum payments under capital leases and non-cancellable operating leases with initial terms of one year or more consisted of the following as of December 31, 2011:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Capital Leases&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Operating Leases&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2012&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: 5.5pt; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 882&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 866&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2013&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: 38.5pt; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;173 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;663&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;46&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;430&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;30&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;177&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2016&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;172&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Thereafter&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,354&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Net minimum lease payments&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 1,135&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 4,662&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Less: amount representing interest&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(57)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Present value of net minimum lease payments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 1,078&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Less: non-current portion included in other non-current liabilities&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(842)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Current portion included in other current liabilities&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;236&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Rental expense consisted of the following:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="52%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="52%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="52%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Rentals under operating leases&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 1,013&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 937&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 911&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="52%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The capital lease liabilities are secured by the leased machinery and equipment at cost of $330 and $195 as of December 31, 2010 and 2011, respectively. The accumulated depreciation of these leased assets as of December 31, 2010 and 2011 amounted to $264 and $97, respectively. The depreciation of machinery and equipment under capital leases are included in the depreciation expenses under costs of sales.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The average discount interest rate implicit in the lease is in the range of 6.58% to 8.78% and 6.5% to 8.73% for 2010 and 2011, respectively.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(b)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31, 2011, the Company and its subsidiaries had commitments to purchase raw materials totaling $186.6 million to $243 million (23,774 to 30,936 metric tons), from third parties at the prices stipulated in the contracts.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(c)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31, 2011, Charoong Thai and its subsidiaries had given continuing corporate guarantee of $9.7 million (2010: $12.8 million) in respect of banking facilities extended to two Operating Subsidiaries.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; As of December 31, 2010, two subsidiaries of Charoong Thai had commitments to provide cross guarantees for credit lines of $66.2 million. There was no such commitment as of December 2011.&lt;/font&gt;&lt;/p&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -36pt; MARGIN: 0cm 5pt 0cm 72pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; As of December 31, 2011, the Company provided a corporate guarantee not exceeding the sum of $26.3 million (2010: $20.5 million) for the bond performance and banking facility of Sigma Cable.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; As of December 31, 2011, there were outstanding bank guarantees of $18 million (2010: $19.8 million) issued by the banks on behalf of Charoong Thai and its subsidiaries in respect of certain performance bonds as required in the normal course of business of the companies.&amp;nbsp; These guarantees generally expire within 1 year.&lt;/font&gt;&lt;/p&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(d)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31, 2011, the Company and its subsidiaries had capital commitment relating to the installation of equipment and acquisition of machinery, totaling $1 million (2010: $0.1 million).&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(e)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31, 2011, the Company and its subsidiaries had commitments in respect of repair and maintenance consulting service with unrelated parties and related parties totaling $0.1 million (2010: $0.2 million) and $3.1 million (2010: $0.2 million) respectively.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(f)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31, 2011, the Company pledged 112 million shares of Charoong Thai to reserve a $14 million term loan facility and a $8 million trade facilities of CCH HK.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; As of December 31, 2010, SPFO pledged account receivables of $3.9 million against a bank loan.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="MARGIN: 0cm 0cm 0cm 24pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(g)&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As disclosed in note 1, on June 28, 2007 SOF entered into a shareholders&amp;#146; agreement with the Company and PEWC (the &amp;#147;Shareholders Agreement&amp;#148;). On March 27, 2009, SOF sold 10.2% of the issued and outstanding shares of the Company to PEWC. On July 1, 2011, SOF transferred its remaining 9.8% interest in the Company to COF, which became a party to the Amended Shareholders Agreement, which provides for the following:&lt;/font&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Indemnification&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company must certify to SOF (now became COF) whether or not it is considered a Controlled Foreign Corporation or a Passive Foreign Investment Company as of each fiscal year end. Should this certification be challenged by the taxing authorities and found to be incorrect, the Company must indemnify SOF (now became COF) and its shareholders against interest and penalties that may be imposed and reasonable attorney&amp;#146;s fees incurred.&lt;/font&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0cm 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;It is management&amp;#146;s opinion that this indemnification will not result in any adverse material financial consequence to the Company.&lt;/font&gt;&lt;/p&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Controlled Foreign Corporation is any foreign corporation of which more than 50 &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;percent of either -&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1) The total combined voting power of all classes of stock of the corporation entitled to vote; or &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(2) The total value of the stock of the corporation, is owned by United States shareholders on any day during the taxable year of such foreign corporation.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="#ff99cc" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Passive Foreign Investment Company (&amp;#147;PFIC&amp;#148;) has one of the following attributes:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1) At least 75% of the corporation's income is considered "passive", which is based on investments rather than standard operating business.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(2) At least 50% of the company's assets are investments that produce interest, dividends and/or capital gains. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;PFICs include foreign-based mutual funds, partnerships and other pooled investment vehicles that have at least one U.S. shareholder.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"&gt;&lt;font color="#ff99cc" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Registration Rights&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company has prepared and filed with the SEC a registration statement on Form F-1 covering the resale of the &amp;#147;Registrable Securities&amp;#148; for an offering to be made on a continuous basis pursuant to Rule 415 of the Securities Act of 1933, which registration statement was declared effective under the Securities Act by the SEC on March 11, 2009&lt;/font&gt;&lt;u&gt;&lt;font color="blue" lang="EN-US" style="LINE-HEIGHT: 11pt; LETTER-SPACING: 0pt; FONT-SIZE: 11pt" &gt;, &lt;/font&gt;&lt;/u&gt;&lt;font  lang="EN-US" style="LINE-HEIGHT: 11pt; LETTER-SPACING: 0pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" &gt;but requires the filing of a post-effective amendment to include the most recent annual audited financial statements, and, from time to time, unaudited financial statements for the six month period then ended&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;. &amp;nbsp;&amp;#147;Registrable Securities&amp;#148; includes the shares beneficially owned by COF and the 10.2% of the common stock acquired by PEWC from SOF in March 2009.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Subject to the Amended Shareholders&amp;#146; Agreement, the Company must use its reasonable best efforts to keep such registration statement continuously effective until (i) all Registrable Securities either have been sold or may be sold without volume restrictions pursuant to Rule 144 of the Securities Act of 1933 and (ii) COF receives freely transferable shares from the Company&amp;#146;s transfer agent.&lt;/font&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;If any such registration statement ceases to remain continuously effective for any reason after the effective date and during any time when the registration statement is required to be effective, or SOF (now became COF) is otherwise not permitted to utilize the prospectus therein to resell such Registrable Securities, in either case, for more than thirty (30) consecutive trading days or more than an aggregate of sixty (60) trading days during any twelve month period (an &amp;#147; Event &amp;#148;), then the &amp;#147;Put Right&amp;#148; (as explained in note 1) will become immediately exercisable and will continue until such event has been cured.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;!--EndFragment--&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
  <us-gaap:EarningsPerShareTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;9.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;EARNINGS (LOSS) PER SHARE &lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 34.5pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt;The Company computes earnings (loss) per share in accordance with ASC 260&lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt; &amp;#147;Earning Per Share&lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt;&amp;#148;. Basic net earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of&amp;nbsp;common shares outstanding during the period. Diluted net earnings (loss) per share is computed by dividing net income (loss) by the sum of the weighted-average number of&amp;nbsp;common shares outstanding and if dilutive, the potential&amp;nbsp;common shares outstanding during the period.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 71pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt;The following table sets forth the computation of basic and diluted earnings (loss) attributable to&amp;nbsp;common shareholders per share:&lt;/font&gt;&lt;/p&gt;&lt;div align="left"&gt;&amp;nbsp;&lt;/div&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr&gt;&lt;td width="49%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;/td&gt;&lt;td width="2%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;/td&gt;&lt;td width="49%" nowrap="nowrap" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: center; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt;Years ended December 31,&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="49%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="49%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="49%"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;Numerator:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 24.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;Income (loss) attributable to APWC from continuing operations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="TEXT-INDENT: -16.5pt; MARGIN: 0cm 0cm 0pt 16.5pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 9,858 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0cm 0pt 5.5pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 14,142 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="TEXT-INDENT: -16.5pt; MARGIN: 0cm 0cm 0pt 16.5pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ (6,832)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 24.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;Income (loss) attributable to APWC from discontinued operations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;231 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;(2)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;1,393 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 24.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;Net income (loss) attributable to APWC&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 10,089 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 14,140 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="TEXT-INDENT: 17.5pt; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ (5,439)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="49%" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="49%" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;Denominator (in number of shares):&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="49%" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 27.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;Weighted-average&amp;nbsp;common shares outstanding - basic and diluted&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;13,830,769 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;13,830,769 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;13,830,769 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 24.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 24.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;Earnings (loss) per share - basic and diluted&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 24.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;Continuing operations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 0.71 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 1.02 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ (0.49)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 24.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;Discontinued operations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;0.02 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;(0.00)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;0.10 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 24.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;Total earnings (loss) per share - basic and diluted &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 0.73 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 1.02 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ (0.39)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;p style="TEXT-ALIGN: center"&gt;&amp;nbsp;&lt;/p&gt;&lt;!--EndFragment--&gt;</us-gaap:EarningsPerShareTextBlock>
  <us-gaap:IncomeTaxDisclosureTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;11.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;INCOME TAXES &lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Under current Bermuda law, the Company is not subject to tax on income or capital gains, nor is withholding tax of Bermuda imposed upon payments of dividends by the Company to its shareholders.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company&amp;#146;s investments in the Operating Subsidiaries are held through subsidiaries incorporated in the British Virgin Islands (&amp;#147;BVI&amp;#148;).&amp;nbsp; Under current BVI law, dividends from the BVI subsidiaries&amp;#146; investments are not subject to income taxes and no withholding tax is imposed on payments of dividends by the BVI subsidiaries to the Company.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Operating Subsidiaries and equity investees are governed by the income tax laws of Singapore, Thailand, Australia and the People&amp;#146;s Republic of China.&amp;nbsp; The corporate income tax rate in Singapore was 17% for each of the three years ended December 31, 2011, and there is no &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; BACKGROUND: white; FONT-SIZE: 11pt" &gt;withholding tax on dividends applicable to the Company.&amp;nbsp; For Thailand, the corporate income tax rate was 30% for each of the three&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; BACKGROUND: white; FONT-SIZE: 11pt" &gt;years ended December 31, 2011 and a withholding tax of 10% is levied on dividends received by the Company.&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; CTW is listed on Stock Exchange of Thailand (&amp;#147;SET&amp;#148;), its applicable corporate income rate was 25% for the first 300 million Baht of net profit and 30% for the amount exceeding 300 million Baht. The reduced rate of taxation applied for listed companies for three accounting periods from 2008 to 2010. &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; BACKGROUND: white; FONT-SIZE: 11pt" &gt;As a part of an initiative to promote Thailand&amp;#146;s competitiveness, the Thai Government announced in Royal Decree (No. 530) to provide for a red&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;uction of corporate income tax on December 21, 2012: (1) Reduction of corporate tax from 30% to 23% for accounting period from January 1, 2012; (2) Further reduction of corporate income tax to 20% for the subsequent two accounting periods from January 1, 2013. The tax reduction is valid for three years from 2012 to 2014. In Australia, the corporate income tax rate was 30% for 2009/2010, 2010/2011 and 2011/2012 tax years. The applicable corporate income tax rate for the subsidiaries in the People&amp;#146;s Republic of China was 25% for each of the three years ended December 31, 2011. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Pursuant to the Corporate Income Tax Law (the CIT Law) of the PRC that came into effect on January 1, 2008, all the enterprises generally are subject to corporate income tax at an effective rate of 25% on income as reported in their statutory accounts. An enterprise located in specially-designated regions or cities and eligible for the preferential policy in the form of a reduced tax rate shall have five years from the time when the CIT Law takes effect to transition progressively to the legally prescribed tax rate. During this period, an enterprise that enjoyed the 15% corporate income tax rate shall be subject to the 18% tax rate for the year 2008, 20% for the year 2009, 22% for the year 2010, 24% for the year 2011, and 25% for the year 2012.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;PEWS is located in Shenzhen, which is a region where preferential tax rates apply and currently qualifies for a reduced rate of taxation of 20%, 22%, and 24% for the years 2009, 2010, and 2011, respectively. PEWS is the only subsidiary of the Company in the PRC that qualifies for the preferential tax rates under the CIT Law.&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"&gt; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Under the CIT law, dividend distributions of profits earned prior to January 1, 2008 to foreign investor(s) are exempt from withholding tax; distribution of the profits earned after January 1, 2008 is subject to withholding tax of 10%, reduced to 5% under the Arrangement between the Mainland of China and the Hong Kong Special Administrative Region on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income provided that the Hong Kong holding company, CCH(HK), is qualified as the &amp;#147;beneficial owner&amp;#148; of the dividend income under Cuoshuiban [2009] No.601.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Pre-tax income (loss) from continuing operations was taxed in the following jurisdictions:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Thailand&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 10,921 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 24,750 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 8,760 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Singapore&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,149&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,671&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(80)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Australia&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,020&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,176&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; 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FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; 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FONT-SIZE: 11pt" &gt;Equity investees&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The People&amp;#146;s Republic of China&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(40)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(21)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(58)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6.05pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 18,422 &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 31,832 &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 14.15pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="LINE-HEIGHT: 11pt; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;$ 636 &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Significant components of the provision (benefit) for income taxes are as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Allocated to net income (loss)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Current:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Thailand&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 813&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 4,069&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 4,869&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Singapore&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The People&amp;#146;s Republic of China&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;814&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,324&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;679&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Australia&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;680&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;956&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,291&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total current&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,307&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;6,349&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;6,839&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; 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HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Deferred:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Thailand&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,723&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;170&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,446)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Singapore&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;59&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(154)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The People&amp;#146;s Republic of China&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;389&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;197&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(43)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Australia&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;128&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(262)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(316)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total deferred&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,340&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;164&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,959)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 31pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The benefits of operating loss carried forwards&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(72)&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(314)&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 4,647&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 6,441&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 4,566&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Allocated to other comprehensive income (loss)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 18&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 84&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ -&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 6.2pt 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The parent company&amp;#146;s tax is filed in Bermuda, which does not have a statutory tax rate. The provision for income taxes differs based on the taxes incurred by the Operating Subsidiaries, in their respective jurisdiction. The Company determines its statutory tax rate based on its major commercial domicile that is its subsidiary in Thailand. The reconciliation of the statutory tax rate and the Company&amp;#146;s effective tax rate is as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Income tax at statutory tax rate in:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Tax provision at statutory rate (30%)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;$ 5,755 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;$ 9,608&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;$ 191&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Foreign income taxed at different rate &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(455)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;881&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;1,350&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr &gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Expenses not deductible for tax purpose &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;2,437&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;1,684&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;753&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Impairment of goodwill not deductible for tax &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;2,637 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Written-off deferred tax assets arising from &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;liquidation of a subsidiary&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;3,633&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Reversal of valuation allowance arising from &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;liquidation of a subsidiary&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(3,633)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 5pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Utilization of prior year tax losses &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(6,186) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Changes in valuation allowance &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(3,959) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;2,473 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(291) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Written-off deferred tax &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;1,473&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;215&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 5pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Tax exempt on income &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(1,573)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(2,583)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(1,453)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 9pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Difference due to effect of tax holidays &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(141) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(583) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Unrecognized tax benefits &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;708&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;354&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;1,026&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Deferred tax liability arising from &lt;/font&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;undistributed earnings&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;402&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;578&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;193&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="TEXT-INDENT: -13.25pt; MARGIN: 0cm 0.7pt 0pt 13.25pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Effect of temporary tax rate changes on deferred tax assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;862&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Others&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;(702) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.85pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total tax income for the year&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 4,647&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 6,441&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 4,566&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Pacific Thai had deferred tax assets (mainly from prior year net operating losses) of $3,633 with a 100% valuation allowance as of December 31, 2010. Following the de-registration of Pacific Thai on January 5, 2011, its deferred tax assets could no longer be realized and thus were written off. The corresponding valuation allowance was reversed during the year. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Deferred tax liabilities and assets comprised the following:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="32%" valign="top" colspan="3"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Deferred tax liabilities:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Outside basis differences&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (1,973)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (2,172)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.8pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total deferred tax liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,973)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(2,172)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Deferred tax assets:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Unused tax losses &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4,480&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,181&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Allowance for doubtful accounts&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,454&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;682&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Inventory impairment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;649&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;744&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Allowance for impairment in investment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,203&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;933&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Rebates and other accrued liabilities &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,420&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,980&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Unpaid retirement benefits &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;854&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Charges related to flooding &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;874&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Deferred revenue and cost of sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;320&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.8pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total deferred tax assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;9,206&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;7,568&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Valuation allowance for deferred tax assets (note 10)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(4,817)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(875)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"/&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 8.6pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" &gt;Total deferred tax assets&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" &gt;4,389&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" &gt;6,693&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"/&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.8pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" &gt;Net deferred tax assets&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" &gt;$ 2,416&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" &gt;$ 4,521&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The amount of deferred tax liabilities and assets at December 31, 2010 and 2011 were as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="32%" valign="top" colspan="3"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Gross current deferred tax liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (43)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (49)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Gross current deferred tax assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,763&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;5,234&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Valuation allowance for deferred tax assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(400)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"&gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,363&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;5,234&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Net current deferred tax assets &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,320 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8.8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;5,185 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Gross non-current deferred tax liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,930)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(2,123)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Gross non-current deferred tax assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10.4pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;5,443 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,334 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Valuation allowance for deferred tax assets&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; 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HEIGHT: 5.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Net non-current deferred tax assets &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(904) &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(664) &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.5pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Net deferred tax assets&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 2,416&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 4,521&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The deferred tax liabilities and assets are presented in the accompanying consolidated balance sheets as follows:&lt;/font&gt;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="34%" valign="top" colspan="3"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Current &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Deferred tax assets &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 3,320 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 5,185 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total current &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;3,320&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;5,185&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Non-current&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Deferred tax assets &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;677 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;517 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Deferred tax liabilities &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,581)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,181)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total non-current&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(904) &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;(664)&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="bottom"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.35pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="61%" valign="bottom"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="15%" valign="bottom"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="16%" valign="bottom"/&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 4pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Net deferred tax assets&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" width="4%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 2,416&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" width="16%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 4,521 &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31, 2011, the Company has available unused net operating losses that may be applied against future taxable income and that expire as follows:&lt;/font&gt;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt; font:arial,sans-serif"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt; font:arial,sans-serif"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="17%" nowrap="nowrap" colspan="2"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt; font:arial,sans-serif"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;Date of expiration&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 3,089&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="TEXT-INDENT: 9.45pt; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"&gt;-&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;2012&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;5,399&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;656&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;2013&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;3,115&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;461&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;5,069&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;853&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;353&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;356&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;2016&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;839&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;No expiration&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;1,396&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;1,801&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="HEIGHT: 15pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 18,421&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 4,966&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 6.2pt 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The remaining net operating losses can be carried forward, subject to any condition to be met under the relevant tax laws of the respective jurisdictions. The utilization of these net operating loss carry forwards is subject to agreement by the income tax authorities in the respective jurisdictions.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31, 2010 and 2011, the Company is subject to taxation in The People&amp;#146;s Republic of China, Australia, Thailand, and Singapore.&amp;nbsp; The Company&amp;#146;s tax years from 2006 and forward are still open examination by the tax authorities in various tax jurisdictions.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows: &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Change in Uncertain Tax Positions&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="52%" valign="top" colspan="6"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Balance at January 1&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;$ 2,055&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;$ 2,198&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 2,332&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="TEXT-INDENT: -11pt; MARGIN: 0cm 63.8pt 0pt 16pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Additions based on tax positions related to the current year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;143&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;134&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;308&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Additions for tax positions of prior years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Settlements &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Balance at December 31&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 12pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 2,198&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 12pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 2,332&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 2,640&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company is not expecting there would be any reasonably possible change in the total amounts of unrecognized tax benefits within twelve months of the reporting date. As of December 31, 2010 and 2011, the amount of unrecognized tax benefits (excluding interest and penalties) included in the balance sheet that would, if recognized, affect the effective tax rate is $2,332 and $2,640, respectively.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company recognized interest expense and penalties related to income tax matters as a component of income tax expense. The amount of related interest and penalties the Company have provided as of the reporting date, were:&lt;/font&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="52%" valign="top" colspan="6"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 27.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Accrued interest on unrecognized tax benefits&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;$ 1,299&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;$ 1,373&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ 1,783&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Accrued penalties on&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 10pt; font:Courier New"&gt; &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;unrecognized tax benefits &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;1,806&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;1,948&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2,256&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;Total accrued interest and penalties on Unrecognized tax benefits&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 11pt; MARGIN: 0cm 12pt 3pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;$ 3,105&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 11pt; MARGIN: 0cm 12pt 3pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;$ 3,321&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 4,039&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The bases for interest and penalties are of 0.05% per day (18.25% annually) and 100% respectively of the relevant income tax liabilities. The Company recognized $74 and $142 in interest and penalties during 2010 and $410 and $308 in interest and penalties during 2011. As of December 31, 2010 and 2011, the Company recognized $3,321 and $4,039, respectively, in interest and penalties. &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;!--EndFragment--&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
  <us-gaap:OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;1.&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; ORGANIZATION AND PRINCIPAL ACTIVITIES&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Asia Pacific Wire &amp;amp; Cable Corporation Limited (&amp;#147;APWC&amp;#148; or the &amp;#147;Company&amp;#148;), which is a subsidiary of Pacific Electric Wire &amp;amp; Cable Co., Ltd. (&amp;#147;PEWC&amp;#148;), a Taiwanese company, was incorporated as an exempted company in Bermuda on September 19, 1996 under the Companies Act 1981 of Bermuda (as amended) for the purpose of acting as a holding company. The Company is principally engaged in owning operating companies engaged in the power cable, telecommunication cable, enameled wire and electronic cable industry.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company&amp;#146;s operating subsidiaries (the &amp;#147;Operating Subsidiaries&amp;#148;) are engaged in the manufacturing and distribution of telecommunications, power cable and enameled wire products in Singapore, Thailand, Australia, the People&amp;#146;s Republic of China (&amp;#147;PRC&amp;#148;) and other markets in the Asia Pacific region. Major customers of the Operating Subsidiaries include government organizations, electric contracting firms, electrical dealers, and wire and cable factories. The Company&amp;#146;s Operating Subsidiaries also engage in the distribution of certain wire and cable products manufactured by PEWC and third parties. In certain markets, the Company also provides project engineering services to customers through its SDI (Supply, Delivery and Installation) business segment. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company was listed on the New York Stock Exchange in March 1997. On December 24, 2001, the staff of the New York Stock Exchange (&amp;#147;NYSE&amp;#148;) announced that it had determined that the trading of the common stock of APWC should be suspended prior to December 31, 2001. The decision was reached in view of the fact that the Company&amp;#146;s stock price had fallen below NYSE&amp;#146;s continued listing standards. Following the delisting of the Company&amp;#146;s common stock on the NYSE, the Company&amp;#146;s common stock was traded under the ticker AWRCF, on the Over-the-Counter Bulletin Board (&amp;#147;OTC BB&amp;#148;), operated by the National Association of Securities Dealers, Inc. (&amp;#147;NASD&amp;#148;). After the Company failed to timely file its annual report on Form 20-F for the 2004 fiscal year, the Company was delisted from the OTC BB in August 2005 and thereafter time its shares of common stock were quoted on the &amp;#147;pink sheets&amp;#148; market by Pink Sheets LLC, a privately owned company that provides pricing and financial information for over-the-counter securities. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;On June 28, 2007, SOF Investment, L.P. (&amp;#147;SOF&amp;#148;), a Delaware limited partnership controlled by MSD Capital, L.P. acquired 20% of the issued and outstanding shares of the Company from a private equity investor and entered into a shareholders&amp;#146; agreement with the Company and PEWC. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;On April 9, 2008, the Company was listed again and began trading its common stock on the OTC BB after completing all reporting requirements and filing all outstanding financial reports with the US Securities and Exchange Commission (&amp;#147;SEC&amp;#148;). The Company was subject to the reporting requirements under the Securities Exchange Act of 1934. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;On March 30, 2009, SOF sold 10.2% of the issued and outstanding shares of the Company to PEWC. PEWC is currently holding 65.6% of the equity of the Company and COF is holding 9.8%.&amp;nbsp; The remaining 24.6% of the issued and outstanding common stock were publicly traded on the Over-the-Counter Bulletin Board (&amp;#147;OTC BB&amp;#148;) prior to that date. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;On April 29, 2011, the Company&amp;#146;s common stock commenced trading on NASDAQ (Capital Markets). &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of July 1, 2011, SOF transferred its 9.8% interest in the Company to MSD Credit Opportunity Master Fund, L.P. (&amp;#147;COF&amp;#148;), which became a party to the shareholders agreement, as amended and restated on March 27, 2009 (&amp;#147;Amended Shareholders Agreement&amp;#148;), and succeeded to all of the right, title, and interest in the common stock previously held by SOF.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 36pt"&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Share Capital &lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;On September 8, 2008, the Company&amp;#146;s shareholders approved an increase to the authorized share capital from 20,000,000&amp;nbsp;&lt;font style="FONT-SIZE: 11pt" &gt;common&lt;/font&gt; shares, par value $0.01 per share, to 50,000,000&amp;nbsp;&lt;font style="FONT-SIZE: 11pt" &gt;common&lt;/font&gt; shares, par value $0.01 per share.&amp;nbsp;&lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The subsidiaries of the Company are set out below:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 2cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="center"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Place of incorporation and operations&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="30%" valign="bottom" align="center" colspan="2"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 35.5pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Percentage of&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 35.5pt" align="center"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;equity interest&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 35.5pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="center"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="center"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The British Virgin Islands &lt;/font&gt;&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Asia Pacific Wire &amp;amp; Cable General Holdings Ltd&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.8pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;PRC (APWC) Holding Ltd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Samray Inc.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Siam (APWC) Holdings Ltd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Moon View Ltd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Trigent Investment Holdings Limited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Crown Century Holdings Ltd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Singapore &lt;/font&gt;&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="ES" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Sigma Cable Company (Private) Limited (&amp;#147;Sigma Cable&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;98.3%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.8pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;98.3%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="SV" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Sigma-Epan International Pte Ltd. (&amp;#147;Sigma-Epan&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Epan Industries Pte Ltd. &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100% &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100% &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Epan Data-Comm System Pte Ltd&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100% &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100% &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="SV" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Singvale Pte Ltd (&amp;#147;Singvale&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Malaysia &lt;/font&gt;&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Elecain Industry Sdn. Bhd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;92.6%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;92.6%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Sigma-Epan Malaysia Sdn. Bhd.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The People&amp;#146;s Republic of China&lt;/font&gt;&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Ningbo Pacific Cable Co., Ltd. (&amp;#147;Ningbo Pacific&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;94.31%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;95.80%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Shanghai Yayang Electric Co., Ltd. (&amp;#147;Shanghai Yayang&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;54.41%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;54.41%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Shandong Pacific Fiber Optics Co. Ltd (&amp;#147;SPFO&amp;#148;)**&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;51%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;0%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Pacific Electric Wire &amp;amp; Cable (Shenzhen) Co., Ltd (&amp;#147;PEWS&amp;#148;) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Hong Kong&lt;/font&gt;&lt;/u&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; &amp;nbsp;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Crown Century Holdings Limited (&amp;#147;CCH (HK)&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;100%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"/&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="center"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: 7.7pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Place of incorporation and operations&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="30%" valign="bottom" align="center" colspan="2"&gt;&lt;p style="TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 28.4pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Percentage of&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 28.4pt" align="center"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;equity interest&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 28.4pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align="center"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align="center"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -15.2pt; MARGIN: 0cm 0cm 0pt 15.2pt"&gt;&lt;b&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Australia&lt;/font&gt;&lt;/u&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; &amp;nbsp;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Australia Pacific Electric Cable Pty Limited (&amp;#147;APEC&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;99.40%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;99.40%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Thailand&lt;/font&gt;&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Charoong Thai Wire and Cable Public Company Limited &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(&amp;#147;Charoong Thai&amp;#148;)* &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;50.93%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;50.93%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Siam Pacific Electric Wire &amp;amp; Cable Company Limited &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(&amp;#147;Siam-Pacific&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;50.93%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;50.93%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Pacific-Thai Electric Wire &amp;amp; Cable Company Limited &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(&amp;#147;Pacific-Thai&amp;#148;)***&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;50.93%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;0%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Hard Lek Limited (&amp;#147;Hard Lek&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;73.98%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;73.98%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;APWC (Thailand) Co., Ltd&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;99.48%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;99.48%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Thailand&lt;/font&gt;&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;PEWC (Thailand) Co., Ltd&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;99.48%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;99.48%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;CTW Beta Co. Ltd. &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;50.89%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;50.89%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Siam Fiber Optics Co. Ltd&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;30.56%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;30.56%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;u&gt;&lt;font lang="ES-MX" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Myanmar&lt;/font&gt;&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="ES-MX" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Myanmar Sigma Cable Co., Ltd. &lt;/font&gt;&lt;font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(inactive)&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;78.59%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;78.59%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.5pt; MARGIN: 0cm 34.6pt 0pt 40.5pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;* Charoong Thai is listed on the Stock Exchange of Thailand and is engaged in the manufacturing of wire and cable products for the power and telecommunications industries in Thailand.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -2pt; MARGIN: 0cm 34.6pt 0pt 34.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -13pt; MARGIN: 0cm 34.6pt 0pt 45.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;** SPFO was disposed of to independent third parties on December 1, 2011. See note 1(d) and 19.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -2pt; MARGIN: 0cm 34.6pt 0pt 34.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 34.6pt 0pt 42.55pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;*** Pacific-Thai transferred its business into its parent company, Siam-Pacific, on January 5, 2011 and registered its dissolution with the Ministry of Commerce on January 5, 2011. The Company anticipates the dissolution will be completed in 2012.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: 38.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;ii)&amp;nbsp; The equity investees of the Company are set out below:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt 2cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;div align="center"&gt;&lt;table style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: 3.85pt; MARGIN: 0cm 0cm 0pt 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: 3.85pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Place of incorporation and operations&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="30%" valign="bottom" align="center" colspan="2"&gt;&lt;p style="LINE-HEIGHT: 11pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Percentage of&lt;/font&gt;&lt;/p&gt;&lt;p style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;u&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;equity interest&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"&gt;&lt;p style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"&gt;&lt;p style="MARGIN: 0cm 18.3pt 0pt 0pt" align="center"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"&gt;&lt;p style="MARGIN: 0cm 5pt 0pt 0pt" align="center"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 3.9pt"&gt;&lt;b&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The People&amp;#146;s Republic of China&lt;/font&gt;&lt;/u&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; &amp;nbsp;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"&gt;&lt;p style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 3.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Shandong Huayu Pacific Fiber Optics Communications Co., Ltd. (&amp;#147;Shandong Huayu&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8.2pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;48.73%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 6.5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;48.73%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -20.1pt; MARGIN: 0cm 0cm 0pt 20pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Shandong Pacific Rubber Cable Co., Ltd. (&amp;#147;SPRC&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;25.00%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;25.00%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt"&gt;&lt;b&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Thailand&lt;/font&gt;&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -20.1pt; MARGIN: 0cm 0cm 0pt 20pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -20.1pt; MARGIN: 0cm 0cm 0pt 20pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Siam Pacific Holding Company Limited (&amp;#147;SPHC&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;49.00%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;49.00%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"&gt;&lt;p style="TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0pt 19.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Loxley Pacific Co., Ltd. (&amp;#147;Lox Pac&amp;#148;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;21.39%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;21.39%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt 2cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 34.6pt 0pt 42.55pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Acquisitions accounted for as purchases and disposals undertaken by the Company during the years ended December 31, 2009, 2010 and 2011 included the following:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(a)&lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In 2002, three wholly owned subsidiaries of Sigma-Epan were placed into liquidation. In April 2009, the liquidator received the clearance letters from government authorities of Singapore relating to the dissolution of three subsidiaries of Sigma-Epan. On May 22, 2009, Sigma-Epan conducted a final meeting to dissolve the subsidiaries. As at December 31, 2002, the Company&amp;#146;s balance sheet includes liabilities of $568 resulting from these subsidiaries which was recognized as gain on liquidation of subsidiaries in 2009. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(b)&lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;On March 31, 2010, CCH acquired 51% of APEC shares from Sigma Cable, thereby increasing the Company&amp;#146;s interest in APEC from 98.53% to 99.40%. On April 14, 2010, CCH acquired 100% of Sigma Epan from Samray, the Company&amp;#146;s interest in Sigma-Epan has not changed and Sigma-Epan remains as a wholly owned subsidiary of the Company.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(c)&lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;On May 31, 2011, the Company contributed additional capital in Ningbo Pacific in the form of a cash injection of $5 million. The Company&amp;#146;s interest in Ningbo Pacific increased from 94.31% to 95.80%.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(d)&lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;On December 1, 2011, the Company disposed its entire 51% equity interest in SPFO. Proceeds from the disposal of SPFO were $2.9 million (RMB18.5 million). The Company recorded a gain on disposal amounting to $1.96 million in the &lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;statement of operations. &lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35.45pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"&gt;&lt;b&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"/&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Put Right and Option&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Under the terms of the Amended Shareholders&amp;#146; Agreement, COF has the right and option (but not the obligation) to sell to PEWC upon the occurrence of a Put Event (defined below), and PEWC agreed to purchase from COF upon the occurrence of a Put Event, all Registrable Securities then owned by COF (the &amp;#147; Put Shares &amp;#148;), for an amount equal to the Put Price (defined below) together with interest (calculated on the basis of a 360 day year) on the Put Price, computed (x) from June 28, 2007 through May 31, 2010 at a rate per annum that shall be equal to the Libor Rate plus fifty (50) basis points (compounded annually), and (y) from June 1, 2010 until the Put Closing (defined below) at a rate per annum that shall be equal to the Libor Rate plus one hundred and fifty (150) basis points (compounded annually) (the &amp;#147; Put Right &amp;#148;). If the Put Event terminates prior to the closing of such Put Right, the exercise of the Put Right is deemed rescinded and the transaction relating to the Put &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Right is deemed cancelled, but this will not terminate the existence of a future Put Right upon the triggering of a future Put Event.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font color="#ff99cc" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;A &amp;#147;Put Event&amp;#148; means any date (i) after March 11, 2009 whereby an Event has occurred and continues to occur, or (ii) after February 1, 2011 whereby the shares are not listed on a US Securities Market, which means any of the NASDAQ Stock Market, Inc. (Global Market or Global Select Market), Alternext U.S. (f/k/a the American Stock Exchange LLC), the New York Stock Exchange LLC or in conjunction with a dual listing on, or a transfer from, a US Securities Market to one or more of the principal or secondary exchanges for the public trading of equity securities in any of Hong Kong, Tokyo or Singapore. The &amp;#147;Put Price&amp;#148; means for (i) shares purchased pursuant to the Purchase Agreement, an aggregate amount equal to the product of (a) the number of shares being sold and (b) US$4.35 and (ii) Shares purchased under preemptive right provisions of the Amended Shareholders&amp;#146; Agreement, and aggregate amount equal to the purchase price thereof.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font color="#ff99cc" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Shareholders&amp;#146; Agreement does not contain any provisions that impose any purchase, reimbursement or financing obligations on the Company in the event that SOF exercises the Put Right. The Put Right is an obligation solely of PEWC and not of the Company. However, for the avoidance of doubt and as a re-affirmation that the financial and other obligation to SOF in the event &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;of an exercise of the Put Right rest exclusively with PEWC, the Company has, on March 27, 2009, entered into a Non-Recourse Confirmation Agreement with PEWC whereby PEWC (i) covenants that it has no put right against the Company relating to the Put Shares and that PEWC&amp;#146;s obligations to SOF are without recourse to the Company, (ii) waives any such right should it arise in the future, and (iii) agrees that it shall not cause the Company, directly or indirectly, to incur any costs associated with the exercise of the Put Right.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"&gt;&lt;font color="#ff99cc" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Shareholders&amp;#146; Agreement provides, and the Non-recourse Confirmation Agreement confirms, that the Put Right is solely the obligation of PEWC. The Company has no purchase, reimbursement or financing obligations in the event that SOF exercises the Put Right. As such, the Company has classified the Put Shares as equity in the accompanying financial statements. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company received an approval letter from Nasdaq on April 13, 2011 for the listing of its common stock on Nasdaq, with &amp;#147;APWC&amp;#148; as the trading symbol and, as noted, on April 29, 2011, the Company&amp;#146;s common stock commenced trading on NASDAQ (Capital Markets), which tier does not fit within the definition of a national &amp;#147;Securities Market&amp;#148;, as provided in the Shareholders&amp;#146; Agreement. The Company intends to apply to list the common stock on the Global Markets tier after the Company is satisfied that it qualifies in all respect for that tier. The Company is not aware of that COF has taken any action with respect to the common stock held by it up to date. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;!--EndFragment--&gt;</us-gaap:OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock>
  <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;4.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES &lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Principles of Consolidation&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The consolidated financial statements include the accounts of the Company and its subsidiaries.&amp;nbsp; All intercompany accounts and transactions have been eliminated on consolidation.&amp;nbsp; The Company&amp;#146;s investments for which its ownership exceeds 20%, but which are not majority-owned or controlled, are accounted for using the equity method if the Company has the ability to exercise significant influence over the companies&amp;#146; operating and financial policies. When the Company&amp;#146;s carrying value in an equity investee company is reduced to zero, no further losses are recorded in the Company&amp;#146;s consolidated financial statements unless the Company has guaranteed obligations of the investee company or has committed additional funding. When the investee company subsequently reports income, the Company will not record its share of such income until it equals the amount of its share of losses not previously recognized.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Use of Estimates&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The preparation of the consolidated financial statements in conformity with generally accepted accounting principles accepted in the United States requires management to make estimates, judgements, and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates reflected in the Company&amp;#146;s consolidated financial statements include, but are not limited to, useful lives and residual values of long-lived assets, impairment assessment of long-lived assets and goodwill, allowance for accounts and other receivable, accounting for deferred income tax, income tax position, inventory valuation, valuation allowance of deferred tax assets. Actual results could differ from those estimates.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Cash and Cash Equivalents&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Cash and cash equivalents includes cash on hand, bank deposits and all short-term highly liquid investments with an original maturity of three months and are readily convertible to known amounts of cash.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Inventories&amp;nbsp;&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Inventories are valued at the lower of cost or market. Cost is determined using the first-in, first-out or weighted average method.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;If the expected selling price less completion costs and costs to execute sales (market) is lower than the carrying amount, a write-down is charged to expenses in cost of sales for the amount by which the carrying amount exceeds its market. When the finished goods that were previously written down to market are subsequently sold at above market, a recovery is credited to cost of sales. See note 10 - Valuation and Qualifying Accounts. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Income Taxes&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company follows the liability method of accounting for income taxes in accordance with ASC 740, &amp;#147;&lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Income Taxes&lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;#148; (&amp;#147;ASC 740&amp;#148;). Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:arial,sans-serif"/&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Current income tax expense is the amount of income taxes expected to be payable for the current year. Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax basis and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered. ASC 740, requires that deferred tax assets be evaluated for future realization and reduced by a valuation allowance to the extent the Company believes a portion will not be realized.&amp;nbsp; The Company considers many factors when assessing the likelihood of future realization of its deferred tax assets, including its recent cumulative earnings experience and expectations of future taxable income by taxing jurisdiction, the carry-forward &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;periods available to the Company for tax reporting purposes, and other relevant factors. Deferred income tax expense (benefit) is the net change during the year in the deferred income tax asset or liability.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company adopted the provisions of ASC 740 to&lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; &lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;account for uncertainties in income taxes.&amp;nbsp; ASC 740 contains a two-step approach to recognizing and measuring uncertain tax positions.&amp;nbsp; The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any.&amp;nbsp; The second step is to measure the tax benefit as the largest amount, which is more than 50% likely of being realized upon ultimate settlement.&amp;nbsp; The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and which may not accurately anticipate actual outcomes. The Company&amp;#146;s policy is to recognize interest expense and penalties related to income tax matters as a component of income tax expense.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Property, Plant and Equipment&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Property, plant and equipment are stated at cost less depreciation and any impairment losses. Asset leases qualifying as capital leases are also included in property, plant and equipment. Major renewals and improvements are capitalized and minor replacements, maintenance, and repair expenses are charged to current operations as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of the assets or the respective lease term, whichever is shorter, as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="BORDER-COLLAPSE: collapse" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="39%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Land&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 30pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Nil&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr &gt;&lt;td width="39%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Land use rights&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 30pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;15 - 50 years&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr &gt;&lt;td width="39%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Buildings&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 30pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;5 - 30 years&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr &gt;&lt;td width="39%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Machinery and equipment&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 30pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;5 - 10 years&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr &gt;&lt;td width="39%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Motor vehicles&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 30pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;3 - 10 years&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="39%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Office equipment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="61%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 30pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;3 - 10 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;No depreciation expense is charged for construction in progress and machinery and equipment under installation.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Capitalized interest on construction in progress is added to the cost of the underlying asset and is depreciated over the estimated useful life of the asset in the same manner as the underlying asset. Interest capitalized for 2010 and 2011 amounted to $nil and $9, respectively. The capitalized interest was related to and has been included as part of the cost of Ningbo Pacific&amp;#146;s construction in progress.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;When property and equipment are retired, sold or otherwise disposed of, the asset&amp;#146;s carrying amount and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In 2006, the Company terminated the Ningbo Pacific joint venture and liquidated its major equipment at the Ningbo Pacific facility. In October 2009, the Company has made a resolution to acquire an additional 5.42% shareholding of Ningbo Pacific from the Republic of China (&amp;#147;PRC&amp;#148;) joint venture partner. The Company plans to resume manufacturing operation with new constructed facilities at the Ningbo Pacific site.&amp;nbsp; The acquisition of additional shareholding is expected to be completed in early 2013. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font color="fuchsia" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Goodwill&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Goodwill represents the excess of the cost of purchased business over the fair value of the underlying net assets acquired. Goodwill, is not amortized, but tested for impairment at least annually or more frequently if circumstances indicate that impairment may exist.&amp;nbsp; The Company determined it has three reporting units in which the entire goodwill was allocated to manufactured product segment.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; In accordance with ASC 350 &lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;#147;Intangible - Goodwill and Others&amp;#148;&lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;, (&amp;#147;ASC 350&amp;#148;), the Company performed a two-step test to assess goodwill impairment as of December 31, 2011. First, the Company identifies potential goodwill impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company determines fair value using a discounted cash flow approach and makes reference to the market capitalization of the Company. If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of goodwill impairment loss. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Based on the Company&amp;#146;s assessment conducted as of December 31, 2011, the Company recognized goodwill impairment charges of $8,791, and the carrying amount was $nil as of December 31, 2011. See note 6 - Goodwill. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Investments&amp;nbsp;&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Management determines the appropriate classification of its investments at the time of purchase and re-evaluates such designation as of each balance sheet date.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The Company accounts for its investments in equity securities of privately-held companies as cost method investment in accordance to ASC 325&lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;, &amp;#147;Investments - Others&amp;#148;&lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; as these securities do not have readily determinable fair value. Investments in which the Company does not have a controlling interest or an ownership voting interest to exert significant influence, and which are not publicly traded are accounted for at cost.&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The Company accounts for its investments in equity securities that have readily determinable fair value using ASC 320&lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;, &amp;#147;Investments - Debt and Equity Securities&amp;#148;&lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;. Equity securities are classified as available-for-sale, as the Company does not trade in these securities, but rather they are held as longer term investments due to business relationships with the entities. Available-for-sale securities are carried at fair value,&lt;/font&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; with the unrealized gains and losses, net of tax, reported in a separate component of shareholders&amp;#146; equity.&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp; Realized gains and losses and declines in values judged to be other-than-temporary on available-for-sale securities are included in investment income.&amp;nbsp; The cost of securities sold is based on the specific identification method.&amp;nbsp; Interest and dividends on securities classified as available-for-sale are included in investment income.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Investments in entities in which the Company can exercise significant influence but does not own a majority equity interest or control are accounted for using the equity method of accounting under ASC sub-topic 323-10, &lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;#147;Investments-Equity Method and Joint Ventures: Overall&amp;#148; &lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(&amp;#147;ASC 323-10&amp;#148;), and included as investment in equity investees in the balance sheets. Under the equity method, the Company&amp;#146;s proportionate share of each equity investee&amp;#146;s net income or loss is included as share of income (losses) in equity investees in the statements of operations. An investor shall record its proportionate share of the investee&amp;#146;s equity adjustments for other comprehensive income (e.g. foreign currency items, etc) as increase or decrease to the investment account with corresponding adjustment in equity. The Company evaluated the investment in equity investee for impairment under ASC 323-10. An impairment loss on the investment in equity investee is recognized in the statements of operations when the decline in value is determined to be other-than-temporary.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; A judgmental aspect of accounting for investments (including investments in equity investees) involves determining whether an other-than-temporary decline in value of the investment has been sustained.&amp;nbsp; If it has been determined that an investment has sustained an other-than-temporary decline in its value, the investment is written down to its fair value, by a charge to earnings.&amp;nbsp; Such evaluation is dependent on the specific facts and circumstances.&amp;nbsp; Factors that are considered by the Company in determining whether an other-than-temporary decline in value has occurred include: the market value of the security in relation to its cost basis; the financial condition of the investee; and the intent and ability to retain the investment for a sufficient period of time to allow for recovery in the market value of the investment. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In 2009, 2010 and 2011, the Company recorded an impairment charge of $nil, $346 and $nil, respectively, related to certain available-for-sale investment.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Impairment of Long-Lived Assets&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company accounts for impairment of long-lived assets in accordance with ASC 360&lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;, &amp;#147;Property, Plant and Equipment&amp;#148;&lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;.&amp;nbsp; Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.&amp;nbsp; In such instances, the Company estimates the undiscounted future cash flows that result from the use of the asset and its ultimate disposition.&amp;nbsp; If the sum of the undiscounted cash flows is less than the carrying value, the Company recognizes an impairment loss, measured as the amount by which the carrying value exceeds the fair value of the asset group, determined principally using discounted cash flows.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In 2009, the Company recorded an impairment charge of $77 related to the impairment of a factory in Thailand (included in the manufactured products segment) that is not being used for operation.&amp;nbsp; The impairment charge was recorded to reduce the carrying value of the identified assets to fair values. Fair values were derived using a variety of methodologies, including cash flow analysis, estimates of sales proceeds and independent appraisals. Where cash flow analyses were used to estimate fair values, key assumptions employed, included estimates of future growth, estimates of gross margins and estimates of the impact of inflation. The charges were primarily the result of management&amp;#146;s revised outlook due to the prolonged unfavorable market conditions.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;There was no impairment charge in 2010. In 2011, the Company recorded an impairment charge of $25 related to the damage to Siam Pacific&amp;#146;s machinery due to the flooding in Thailand. The impairment is stated as a line item, &amp;#147;Charges related to flooding&amp;#148; within operating expenses. See note 14. &lt;/font&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Account Receivables and allowance for doubtful accounts&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.2pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Accounts receivables are stated at face value less any allowance for doubtful accounts.&amp;nbsp;The Company maintains allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Management considers the following factors when determining the collectability of specific customer accounts: customer credit-worthiness, customer financial condition, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Lease obligations &lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In accordance with ASC 840, Leases, leases for a lessee are classified at the inception date as either a capital lease or an operating lease. The Company assesses a lease to be a capital lease if any of the following conditions exist: a) ownership is transferred to the lessee by the end of the lease term, b) there is a bargain purchase option, c) the lease term is at least 75% of the property&amp;#146;s estimated remaining economic life or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date. A capital lease is accounted for as if there was an acquisition of an asset and an incurrence of an obligation at the inception of the lease. The capitalized lease obligation reflects the present value of future rental payments, discounted at the appropriate interest rates. The cost of the asset is amortized over the lease term. However, if ownership is transferred at the end of the lease term, the cost of the asset is amortized as set out below under property, plant and equipment. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Operating lease expenses are recognized on a straight-line basis over the applicable lease term.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Revenue Recognition&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Revenue represents the invoiced value of goods sold, net of value added tax and returns, invoiced value on distribution activities, and service fee income on installation activities.&amp;nbsp; Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognized. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Sales of manufactured goods and distributed products &lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The Company recognizes revenue from the sale of manufactured goods and distributed products upon passage of title to the customer that coincides with their delivery and acceptance. These revenue recognition are recognized in accordance with &lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;SEC Staff Accounting Bulletin (SAB) No. 104.&lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; The Company recognizes its revenue of sale of distributed products at gross as the Company is the primary obligor in the transaction. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company classifies shipping and handling costs incurred within cost of sales.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Supply, Delivery and Installation&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company&amp;#146;s supply, delivery and installation services are considered as multiple elements arrangements and are accounted for in accordance with ASC subtopic 605-25, &lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;#147;Revenue Recognition: Multiple-Element Arrangements&amp;#148; &lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(&amp;#147;ASC 605-25&amp;#148;). Elements such as installation service and sale of cables are considered as separate elements contained in a single arrangement, or in related arrangements with the same customer. The Company allocates revenue to each element based on its relative fair value. The allocation of the fair value to the delivered elements is limited to the amount that is not contingent on future delivery of services or subject to customer-specified return or refund privileges.&amp;nbsp; The Company prospectively adopted Accounting Standards Update (&amp;#147;ASU&amp;#148;) No. 2009-13, Multiple-Deliverable Revenue Arrangements (&amp;#147;ASU 2009-13&amp;#148;), a consensus of the FASB Emerging Issues Task Force that amends ASC 605-25, on January 1, 2011. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In accordance with ASU 2009-13, certain delivered items in multiple-element arrangements, which previously would not qualify for separate units of accounting due to the lack of vendor-specific objective evidence or third-party evidence of selling price, are accounted for as separate units of accounting, to which the total consideration of the arrangements is allocated based on management&amp;#146;s best estimate of the selling price (&amp;#147;BESP&amp;#148;). We consider all reasonably available information in determining the BESP, including both market and entity-specific factors. The adoption of ASU 2009-13 does not have a material effect on our financial statements, the units of accounting and the pattern and timing of revenue recognition is not changed materially. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company recognizes revenue from installation activities using the percentage-of-completion method, based on the customer certification of the distance of cable laid with respect to the estimated total contract revenue, and in accordance with ASC 605-35, &amp;#147;Revenue Recognition-Construction-Type and Production-Type Contracts&amp;#148;. The timing of revenue recognition of cable sales and installation services are substantially identical.&lt;/font&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Bill-and-hold arrangements&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/i&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The Company recognizes revenue of sale of cables under bill-and-hold arrangements requested by certain customers in Thailand, in accordance with SAB 104.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As at December 31, 2009, 2010 and 2011, the revenue recognized under bill-and-hold arrangements where the cables were yet delivered was $8.6 million, $17.9 million and $5.8 million, respectively.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 38.5pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Customers&amp;#146; incentive &lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company offers sales incentives in connection with power cable sales to wholesalers and distributors. These incentives include both rebates offered to customers for purchasing a certain volume of product during the year and settlement discounts for early payment of sales invoices. Both forms of incentives are recognized as a reduction to gross sales.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: left; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Foreign Currency Translation and Transactions&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The functional currency of the Company&amp;#146;s international subsidiaries is generally the local currency or U.S. Dollars.&amp;nbsp; For these subsidiaries, the Company translates the assets and liabilities at exchange rates in effect at the balance sheet date and income and expense accounts at average exchange rates during the year.&amp;nbsp; Resulting currency translation adjustments are recorded directly to accumulated other comprehensive income within stockholders&amp;#146; equity.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Foreign currency transactions are recorded at the applicable rates of exchange in effect at the transaction dates.&amp;nbsp; Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date.&amp;nbsp; Gains and losses from foreign currency transactions are recorded in the consolidated statements of operations.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: left; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;&amp;nbsp;&lt;/font&gt;&lt;u&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Foreign Currency Forward Contracts&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company recognizes derivative financial instruments in the consolidated financial statements at fair value regardless of the purposes or intent for holding the instrument. Changes in the fair value of derivative financial instruments are either recognized periodically in income or in shareholders&amp;#146; equity as a component of comprehensive income depending on whether the derivative financial instruments qualify for hedge accounting, and if so, whether they qualify as a fair value or cash flow hedge. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Generally, changes in fair values of derivatives accounted for as fair value hedges are recorded in income along with the portions of the changes in the fair value of the hedged items that relate to the hedged risks. Changes in fair value of derivatives accounted for as cash flow hedges, to the extent they are effective as hedges, are recorded in other comprehensive income net of deferred taxes. Changes in fair value of derivatives used as hedges of the net investment in foreign operations are reported in other comprehensive income as part of the cumulative translation adjustment. Changes in fair values of derivatives not qualifying as hedges are reported in the consolidated statements of operations. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company&amp;#146;s subsidiaries use forward foreign exchange contracts to reduce their exposure to foreign currency risk for liabilities denominated in foreign currency. A forward foreign exchange contract obligates the Company to exchange predetermined amounts of specified foreign currencies at specified exchange rates on specified dates or to make an equivalent U.S. dollar payment equal to the value of such exchange.&amp;nbsp; Realized and unrealized gains and losses on foreign exchange contracts are included as foreign exchange gains or losses in the consolidated statements of operations as such contracts do not qualify for hedge accounting.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31, 2010 and 2011, the Company had outstanding forward exchange purchase contracts with notional values of $nil and $2,317, respectively. The outstanding forward exchange contracts as of December 31, 2011 matured in January 2012. The Company records these contracts at fair value with the related gains and losses of $nil, $nil and $64, for the years ended December 31, 2009, 2010 and 2011, respectively in the consolidated statements of operations. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Copper Future Contracts&lt;/font&gt;&lt;/u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Copper future contracts are designed to manage the Company&amp;#146;s consolidated exposure to change in inventory value due to fluctuations in market prices for selected operating units. Within the ordinary course of business the Company routinely enters into purchase transactions for copper. The majority of these transactions take the form of contracts that were entered into and continue to be held for the purpose of receipt or delivery of the copper in accordance with the Company&amp;#146;s expected sales or production timing or usage requirements. Such contracts are not within the scope of hedging accounting, or derivatives. To date, these contract positions have not had a material effect on the Company&amp;#146;s financial position, results of operations or cash flow.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Earnings (Loss) Per Share&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Basic and diluted earnings (loss) per share are calculated in accordance with ASC 260&lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;, &amp;#147;Earnings Per Share&amp;#148;&lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;.&amp;nbsp; There are no dilutive equity instruments for all periods presented. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Fair Value Measurements&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Effective from January 1, 2008, the Company adopted the provisions of ASC 820&lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;, &amp;#147;Fair Value Measurements and Disclosures&amp;#148;&lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; for financial assets and liabilities. Under ASC 820, fair value is defined as the price that would have been received to sell an asset or paid to transfer a liability (i.e., the &amp;#147;exit price&amp;#148;) in an orderly transaction between market participants at the measurement date. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In determining fair value, the Company uses various valuation approaches. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company&amp;#146;s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the observability of inputs as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;#149;&amp;nbsp;&amp;nbsp; Level 1 - Valuations based on quoted prices in active markets for identical assets that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 instruments. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;#149;&amp;nbsp;&amp;nbsp; Level 2 - Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;#149;&amp;nbsp;&amp;nbsp; Level 3 - Valuations based on unobservable inputs which are supported by little or no market activity and significant to the overall fair value measurement.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The availability of observable inputs can vary from investment to investment and is affected by a wide variety of factors, including, for example, the type of investment, the liquidity of markets and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment and the investments are categorizes as Level 3. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The carrying amounts of financial instruments, including cash and cash equivalents, bank deposits, trade receivables, other current assets, trade payables, related party balances and other liabilities approximate their fair value due to the short-term maturities of such instruments.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Recent Pronouncements&lt;/font&gt;&lt;/u&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In May 2011, the FASB issued an additional guidance ASU 2011-04&amp;nbsp; &amp;#147;Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs&amp;#148; which clarifies the application of existing fair value measurement and disclosure requirements, changes certain fair value measurement principles and requires additional disclosures about fair value measurements. The updated guidance is effective on a prospective basis for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2011. The adoption of this guidance will not have a material impact on the Company&amp;#146;s consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 33.3pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In June 2011, the FASB issued an ASU 2011-05&lt;/font&gt;&lt;font lang="ZH-TW" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; font:pmingliu"&gt;&amp;#147;&lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Presentation of Comprehensive Income&amp;#148; which amended guidance for the presentation of comprehensive income. The amended guidance requires the presentation of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The amended guidance also requires presentation of adjustments for items that are reclassified from other comprehensive income to net income in the statement where the components of net income and the components of other comprehensive income are presented. The amended guidance is effective on a retrospective basis for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2011. The Company believes the adoption of this update will change the order in which certain financial statements are presented and provide additional detail on those financial statements when applicable, but will not have any other impact on its financial statements or results of operations. The Company plans to adopt this standard with effect during and from the interim period ended March 31, 2012.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 33pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In December 2011, ASU No. 2011-12, &amp;#147;Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05&amp;#148;. This ASU defers the changes in ASU 2011-05 that relate to the presentation of reclassification adjustments and supersedes certain pending paragraphs. ASU 2011-12 will be applied retrospectively. ASU 2011-12 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted. The Company believes the adoption of this update will change the order in which certain financial statements are presented and provide additional detail on those financial statements when applicable, but will not have any other impact on its financial statements or results of operations. The Company plans to adopt this standard during the interim period ended March 31, 2012.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;!--EndFragment--&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
  <us-gaap:EquityMethodInvestmentsDisclosureTextBlock contextRef="FY2011_d">&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;!--StartFragment--&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 18pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;21.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;SUMMARIZED FINANCIAL INFORMATION OF EQUITY INVESTEES&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 21.2pt 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The following tables present summarized financial information of the Company&amp;#146;s principal equity investees, Lox Pac, SPHC, Shandong Huayu and SPRC. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6.75pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="32%" valign="top" colspan="3"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Unaudited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-INDENT: 33pt; MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Unaudited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="FR" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 6.1pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8.5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="FR" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Current assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 51,305&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 54,968&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="FR" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Non-current assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;19,348&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;17,961&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="FR" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Current liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(40,162)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(44,870)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="FR" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Non-current liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(2,023)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,156)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.55pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total shareholders&amp;#146; equity&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td nowrap="nowrap" style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 28,468 &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 26,903 &lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;br clear="all"/&gt;&lt;/font&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 23.65pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31,&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 23.65pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 23.65pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Unaudited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Unaudited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Unaudited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 23.65pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0pt 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 23.65pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Net sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$28,090&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$44,866&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$55,727&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 23.65pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Gross Profit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;6,582&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;10,457&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;13,543&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"&gt;&lt;p style="MARGIN: 0cm 23.65pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Net income (loss)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(629)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 8.9pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,347)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(1,360)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.1pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 21.2pt 0pt 35pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;!--EndFragment--&gt;&lt;/div&gt;</us-gaap:EquityMethodInvestmentsDisclosureTextBlock>
  <us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;18.&amp;nbsp;&amp;nbsp;&amp;nbsp; DEFINED CONTRIBUTION AND BENEFIT PLANS&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; BACKGROUND: white"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company records the funded status of the Company&amp;#146;s defined benefit plans in the consolidated balance sheet. Actuarial gains and losses and prior service costs continue to be deferred and recognized in expense ratably over appropriate future periods, but the overfunded or underfunded status of the defined benefit plans is now measured as the difference between the fair value of plan assets and the projected benefit obligation (&amp;#147;PBO&amp;#148;). This difference is recorded as an asset (if overfunded) or a liability (if underfunded), with a corresponding adjustment to accumulated other comprehensive loss, net of tax. The net unrecognized actuarial loss and unrecognized prior service costs are recognized in net periodic benefit cost in the consolidated statements of operations, those amounts are reclassified from accumulated other comprehensive (loss) income. The Company currently measures the funded status of its plan as of the balance sheet date.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In accordance with the Thailand labor law, Charoong Thai&lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; font:pmingliu"&gt; &lt;/font&gt;&lt;font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;is obliged to make payment to retiring employees, at rates of 1 to 10 times of their final month&amp;#146;s salary rate, depending on the length of service. During the financial year 2011, the Company&amp;#146;s total expense included $288 (2010: $539; 2009: $451).&amp;nbsp; The plan is not funded and the amount is recognized in Other Current Liabilities in the balance sheet. The Company pays to settle the obligations as and when employees retire.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The Company has several defined contribution plans covering its employees in Australia, the People&amp;#146;s Republic of China (&amp;#147;PRC&amp;#148;) and Singapore. Contributions to the plan are made annually. Total charges of continuing operations for the years ended December 31, 2009, 2010 and 2011 were $615, $708, and $891, respectively and for years ended December 31, 2009 and 2010 and period ended November 30, 2011 that of discontinued operations were $77, $138 and $205, respectively.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.55pt; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;In conformity with ASC 715 &lt;/font&gt;&lt;i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;#147;Compensation - Retirement Benefits&amp;#148;&lt;/font&gt;&lt;/i&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt; (&amp;#147;ASC 715&amp;#148;), the following table sets forth the Plan&amp;#146;s funded status and pension amounts recognized as at December 31, 2010 and 2011 based on the latest actuarial valuation:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 10pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1.5pt solid; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1.5pt solid; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 14.2pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1.5pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 14.2pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1.5pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 14.2pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.7pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 6pt 0pt 0cm" align="right"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5.15pt 0pt 0cm" align="right"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5.15pt 0pt 0cm" align="right"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.7pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Change in benefit obligation:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 6pt 0pt 0cm" align="right"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5.15pt 0pt 0cm" align="right"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5.15pt 0pt 0cm" align="right"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Benefit obligation at beginning of year &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 2,012 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 2,761 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Foreign currency translation adjustments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;285&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(136)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Service cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;302&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;181&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;223&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;106&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Benefits paid&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(61)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(219)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Actuarial loss&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;244&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Curtailment &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(2)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt;Benefit obligation at end of year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 2,761 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 2,935 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Change in plan assets:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Fair value of plan assets at beginning of year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 14pt" /&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" &gt;-&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ &lt;/font&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 14pt" /&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" &gt;-&amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Employer&amp;#146;s contribution&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Fair value of plan assets at end of year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Funded status&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (2,761)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (2,935)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Unrealized net transition obligation&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" &gt;Unrecognized net actuarial loss (gain)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;- &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Accrued benefit cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (2,761)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ (2,935)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Components of net periodic benefit cost:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Service cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 374&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 302&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 181&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Interest cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;85&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;223&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;106&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Amortizations of:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Unrecognized net prior service cost (credit)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(8) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(8) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(8) &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Unrecognized actuarial loss&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;22&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;9&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Net periodic benefit cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 451&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 539&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 288&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Amounts recognized in accumulated other comprehensive loss&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: 11pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;consist of the following: (recognized under ASC 715)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Actuarial loss &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 68 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 669 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 602 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Prior service (credit) cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;(129)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;7&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total recognized in other comprehensive loss&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="12%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 68&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 540&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 609&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;The accumulated benefit obligations amounted to $2,761 and $2,935 as of December 31, 2010 and 2011, respectively.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;The estimated net loss and prior service cost (credit) for the defined benefit plans that will be amortized from accumulated other comprehensive (loss) income into net periodic benefit cost over the next fiscal year are $(27) and $8, respectively.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;The actuarial loss increased in 2011 due to the change in assumption:&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 54pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;font lang="EN-US" style="FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Discount rate was changed from 4.8% per annum to 3.8% for 2012 to reflect prevailing bond yield.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 54pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;font lang="EN-US" style="FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;The mortality rate have been updated from TMO97 table (Thailand Mortality Ordinary Lite Tables 1997) to TMO98 table (Thailand Mortality Ordinary Lite Tables 2008) reflect the latest available mortality study.&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 0cm 0pt 35.45pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The significant assumptions used in determining the actuarial present value of the projected benefit obligations as of December 31, 2010 and 2011 are as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 9pt 0pt 0cm"&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10.5pt" /&gt;&lt;/b&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Discount Rate &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4.8%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4.2%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Rate of Increase in Compensation Levels &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"&gt;&lt;p style="MARGIN: 0cm 5pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;6.0%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"&gt;&lt;p style="MARGIN: 0cm 5pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;6.0%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Employee turnover rates:-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"&gt;&lt;p style="TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"&gt;&lt;p style="TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Prior to age 35 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td nowrap="nowrap" style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"&gt;&lt;p style="MARGIN: 0cm 5pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4.0% - 15.0%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td nowrap="nowrap" style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"&gt;&lt;p style="MARGIN: 0cm 5pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;4.0% - 15.0%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="FONT-SIZE: 11pt" &gt;Age 35 to 50 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"&gt;&lt;p style="MARGIN: 0cm 5pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2.0% - 7.0%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"&gt;&lt;p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 5pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2.0% - 7.0%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Age 51 to 60 &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;-&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;0.0% - 2.0%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 1.2pt 0pt 34.9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid: &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp; &amp;nbsp;&lt;/font&gt;&lt;/p&gt;&lt;div align="center"&gt;&lt;table style="WIDTH: 70%; MARGIN-LEFT: 6.75pt; MARGIN-RIGHT: 6.75pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr&gt;&lt;td width="85%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Year ended December 31&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td width="15%" valign="top"&gt;&lt;p style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td width="85%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2012&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; TEXT-INDENT: 5pt; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ 24&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="85%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2013&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;221&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td width="85%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;33&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="85%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;257&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td width="85%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2016&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td width="15%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;121&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="85%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2017 - 2021&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BACKGROUND-COLOR: #cceeff" width="15%" valign="top"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;1,171&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td width="85%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td width="15%" valign="top"&gt;&lt;div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" &gt;$ 1,827&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&lt;br clear="all"/&gt;&lt;/font&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;p style="TEXT-ALIGN: center"&gt;&amp;nbsp;&lt;/p&gt;&lt;!--EndFragment--&gt;</us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock>
  <us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock contextRef="FY2011_d">&lt;!--StartFragment--&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;b&gt;&lt;font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" &gt;7.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;INVESTMENTS&amp;nbsp;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;A summary of the carrying values and balance sheet classification of all investments in privately-held equity securities and available-for-sale securities was as follows:&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-ALIGN: center; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;div align="left"&gt;&lt;table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="34%" valign="top" colspan="5"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;As of December 31&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top" colspan="2"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top" colspan="2"&gt;&lt;p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top" colspan="2"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top" colspan="2"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="MARGIN: 0cm 0.7pt 0cm 0cm"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Available-for-sale securities, at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="8%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 10.5pt 0pt 0cm; WORD-BREAK: break-all" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td width="8%" valign="top" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;92&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="8%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 7.1pt 0pt 0cm; WORD-BREAK: break-all" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td width="8%" valign="top" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Equity securities in privately-held companies, at cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right" colspan="2"&gt;&lt;p style="MARGIN-TOP: 0cm; MARGIN-BOTTOM: 0cm; MARGIN-LEFT: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;652&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN-TOP: 0cm; MARGIN-BOTTOM: 0cm; MARGIN-LEFT: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right" colspan="2"&gt;&lt;p style="MARGIN-TOP: 0cm; MARGIN-BOTTOM: 0cm; MARGIN-LEFT: 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;618&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"&gt;&lt;p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;Total investments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"&gt;&lt;p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="8%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 10.55pt 0pt 0cm" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;$ &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 3px double" width="8%" valign="top" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;744&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 0cm 0pt" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="8%" valign="top" align="right"&gt;&lt;p style="MARGIN: 0cm 7.1pt 0pt 0cm; WORD-BREAK: break-all" align="left"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" &gt;$ &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: #000000 3px double" width="8%" valign="top" align="right"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;618&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="MARGIN: 0cm 0cm 0pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;The investments in equity securities in privately-held companies are recorded at cost as their market value is not readily determinable. It consists of the investment in Thai Metal Processing Co., Ltd, which is engaged in the fabrication of copper rods.&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -38.5pt; MARGIN: 0cm 0cm 0pt 35.5pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; The investments in available-for-sale securities above represent the investments in TT&amp;amp;T Public Company Limited (TT&amp;amp;T), which is listed on the Stock Exchange of Thailand. Its principal activity is the operation of a provincial telephone network throughout Thailand and services include, fixed line telephone, pay phone, data communication and distribution of telephone equipment. &lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" &gt;During 2011, the Company recorded an unrealized loss of $68 on its investments in TT&amp;amp;T in other comprehensive income. In June 2011, the Company sold the investments in TT&amp;amp;T and received the proceeds of $24. The amount of unrealized loss of $68 was reclassified out of accumulated other comprehensive income into consolidated statements of operations.&lt;/font&gt;&lt;/p&gt;&lt;p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"&gt;&lt;font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /&gt;&amp;nbsp;&lt;/p&gt;&lt;/div&gt;&lt;!--EndFragment--&gt;</us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock>
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        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xsd:appinfo>
  </xsd:annotation>
  <xsd:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xsd:import namespace="http://fasb.org/us-gaap/2011-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd"/>
  <xsd:import namespace="http://xbrl.sec.gov/dei/2011-01-31" schemaLocation="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd"/>
  <xsd:import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd"/>
  <xsd:import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd"/>
  <xsd:element name="DistributedProducts" id="apwc_DistributedProducts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <xsd:element name="LandUseRights" id="apwc_LandUseRights" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <xsd:element name="MotorVehicles" id="apwc_MotorVehicles" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <xsd:element name="AuthorizedSharesAbstract" id="apwc_AuthorizedSharesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="SupplyDeliveryAndInstallationOfWiresAndCables" id="apwc_SupplyDeliveryAndInstallationOfWiresAndCables" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="duration"/>
  <xsd:element name="CostOfSalesSupplyDeliveryAndInstallationOfWiresAndCables" id="apwc_CostOfSalesSupplyDeliveryAndInstallationOfWiresAndCables" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element name="InventoryImpairment" id="apwc_InventoryImpairment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element name="IncreaseInShareholdingInASubsidiary" id="apwc_IncreaseInShareholdingInASubsidiary" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="duration"/>
  <xsd:element name="DecreaseInRestrictedShorttermBankDeposits" id="apwc_DecreaseInRestrictedShorttermBankDeposits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="IncreaseInUnrestrictedShorttermBankDeposits" id="apwc_IncreaseInUnrestrictedShorttermBankDeposits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="IncreaseInRestrictedShorttermBankDeposits" id="apwc_IncreaseInRestrictedShorttermBankDeposits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="DecreaseInUnrestrictedShorttermBankDeposits" id="apwc_DecreaseInUnrestrictedShorttermBankDeposits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="BasisOfPresentationAbstract" id="apwc_BasisOfPresentationAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="ShorttermBankDepositsAbstract" id="apwc_ShorttermBankDepositsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="ShorttermBankDepositsTextBlock" id="apwc_ShorttermBankDepositsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="UnrestrictedShorttermBankDeposits" id="apwc_UnrestrictedShorttermBankDeposits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="instant"/>
  <xsd:element name="ChargesRelatedToFlooding" id="apwc_ChargesRelatedToFlooding" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element name="ManufacturedProductsMember" id="apwc_ManufacturedProductsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="RelatedPartyTransactionByProductDomain" id="apwc_RelatedPartyTransactionByProductDomain" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="DistributedProductsMember" id="apwc_DistributedProductsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="DiscontinuedOperationMember" id="apwc_DiscontinuedOperationMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="DisposalOfASubsidiary" id="apwc_DisposalOfASubsidiary" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="credit" xbrli:periodType="duration"/>
  <xsd:element name="RecoveryForDoubtfulAccounts" id="apwc_RecoveryForDoubtfulAccounts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element name="ValueAddedTaxDisclosureAbstract" id="apwc_ValueAddedTaxDisclosureAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
  <xsd:element name="ValueAddedTaxDisclosureTextBlock" id="apwc_ValueAddedTaxDisclosureTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>8
<FILENAME>apwc-20111231_cal.xml
<DESCRIPTION>XBRL CALCULATION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>
<!-- Generated by Fujitsu XWand B0150 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance">
  <link:roleRef roleURI="http://www.apwcc.com/role/StatementConsolidatedBalanceSheets" xlink:type="simple" xlink:href="apwc-20111231.xsd#StatementConsolidatedBalanceSheets"/>
  <link:roleRef roleURI="http://www.apwcc.com/role/StatementConsolidatedStatementsOfCashFlows" xlink:type="simple" xlink:href="apwc-20111231.xsd#StatementConsolidatedStatementsOfCashFlows"/>
  <link:roleRef roleURI="http://www.apwcc.com/role/StatementConsolidatedStatementsOfOperations" xlink:type="simple" xlink:href="apwc-20111231.xsd#StatementConsolidatedStatementsOfOperations"/>
  <link:calculationLink xlink:type="extended" xlink:role="http://www.apwcc.com/role/StatementConsolidatedBalanceSheets">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Assets" xlink:label="Assets" xlink:title="Assets"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsNoncurrent" xlink:label="AssetsNoncurrent" xlink:title="AssetsNoncurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Assets" xlink:to="AssetsNoncurrent" xlink:title="calculation: Assets to AssetsNoncurrent" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermInvestments" xlink:label="LongTermInvestments" xlink:title="LongTermInvestments"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsNoncurrent" xlink:to="LongTermInvestments" xlink:title="calculation: AssetsNoncurrent to LongTermInvestments" use="optional" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:title="InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsNoncurrent" xlink:to="InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:title="calculation: AssetsNoncurrent to InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" use="optional" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Goodwill" xlink:label="Goodwill" xlink:title="Goodwill"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsNoncurrent" xlink:to="Goodwill" xlink:title="calculation: AssetsNoncurrent to Goodwill" use="optional" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="OtherAssetsNoncurrent" xlink:title="OtherAssetsNoncurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsNoncurrent" xlink:to="OtherAssetsNoncurrent" xlink:title="calculation: AssetsNoncurrent to OtherAssetsNoncurrent" use="optional" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:label="DeferredTaxAssetsNetNoncurrent" xlink:title="DeferredTaxAssetsNetNoncurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsNoncurrent" xlink:to="DeferredTaxAssetsNetNoncurrent" xlink:title="calculation: AssetsNoncurrent to DeferredTaxAssetsNetNoncurrent" use="optional" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="AssetsCurrent" xlink:title="AssetsCurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Assets" xlink:to="AssetsCurrent" xlink:title="calculation: Assets to AssetsCurrent" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="CashAndCashEquivalentsAtCarryingValue" xlink:title="CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsCurrent" xlink:to="CashAndCashEquivalentsAtCarryingValue" xlink:title="calculation: AssetsCurrent to CashAndCashEquivalentsAtCarryingValue" use="optional" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestBearingDepositsInBanks" xlink:label="InterestBearingDepositsInBanks" xlink:title="InterestBearingDepositsInBanks"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsCurrent" xlink:to="InterestBearingDepositsInBanks" xlink:title="calculation: AssetsCurrent to InterestBearingDepositsInBanks" use="optional" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:label="AccountsReceivableNet" xlink:title="AccountsReceivableNet"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsCurrent" xlink:to="AccountsReceivableNet" xlink:title="calculation: AssetsCurrent to AccountsReceivableNet" use="optional" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DueFromRelatedPartiesCurrent" xlink:label="DueFromRelatedPartiesCurrent" xlink:title="DueFromRelatedPartiesCurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsCurrent" xlink:to="DueFromRelatedPartiesCurrent" xlink:title="calculation: AssetsCurrent to DueFromRelatedPartiesCurrent" use="optional" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryNet" xlink:label="InventoryNet" xlink:title="InventoryNet"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsCurrent" xlink:to="InventoryNet" xlink:title="calculation: AssetsCurrent to InventoryNet" use="optional" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_DistributedProducts" xlink:label="DistributedProducts" xlink:title="DistributedProducts"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="InventoryNet" xlink:to="DistributedProducts" xlink:title="calculation: InventoryNet to DistributedProducts" use="optional" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryFinishedGoods" xlink:label="InventoryFinishedGoods" xlink:title="InventoryFinishedGoods"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="InventoryNet" xlink:to="InventoryFinishedGoods" xlink:title="calculation: InventoryNet to InventoryFinishedGoods" use="optional" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment" xlink:label="OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment" xlink:title="OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="InventoryNet" xlink:to="OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment" xlink:title="calculation: InventoryNet to OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment" use="optional" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryWorkInProcess" xlink:label="InventoryWorkInProcess" xlink:title="InventoryWorkInProcess"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="InventoryNet" xlink:to="InventoryWorkInProcess" xlink:title="calculation: InventoryNet to InventoryWorkInProcess" use="optional" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryRawMaterialsAndSupplies" xlink:label="InventoryRawMaterialsAndSupplies" xlink:title="InventoryRawMaterialsAndSupplies"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="InventoryNet" xlink:to="InventoryRawMaterialsAndSupplies" xlink:title="calculation: InventoryNet to InventoryRawMaterialsAndSupplies" use="optional" order="5.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxAssetsNetCurrent" xlink:label="DeferredTaxAssetsNetCurrent" xlink:title="DeferredTaxAssetsNetCurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsCurrent" xlink:to="DeferredTaxAssetsNetCurrent" xlink:title="calculation: AssetsCurrent to DeferredTaxAssetsNetCurrent" use="optional" order="7.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherPrepaidExpenseCurrent" xlink:label="OtherPrepaidExpenseCurrent" xlink:title="OtherPrepaidExpenseCurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsCurrent" xlink:to="OtherPrepaidExpenseCurrent" xlink:title="calculation: AssetsCurrent to OtherPrepaidExpenseCurrent" use="optional" order="8.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="OtherAssetsCurrent" xlink:title="OtherAssetsCurrent"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsCurrent" xlink:to="OtherAssetsCurrent" xlink:title="calculation: AssetsCurrent to OtherAssetsCurrent" use="optional" order="9.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_UnrestrictedShorttermBankDeposits" xlink:label="UnrestrictedShorttermBankDeposits" xlink:title="UnrestrictedShorttermBankDeposits"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="AssetsCurrent" xlink:to="UnrestrictedShorttermBankDeposits" xlink:title="calculation: AssetsCurrent to UnrestrictedShorttermBankDeposits" order="1.1" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="PropertyPlantAndEquipmentNet" xlink:title="PropertyPlantAndEquipmentNet"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="Assets" xlink:to="PropertyPlantAndEquipmentNet" xlink:title="calculation: Assets to PropertyPlantAndEquipmentNet" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="PropertyPlantAndEquipmentGross" xlink:title="PropertyPlantAndEquipmentGross"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="PropertyPlantAndEquipmentNet" xlink:to="PropertyPlantAndEquipmentGross" xlink:title="calculation: PropertyPlantAndEquipmentNet to PropertyPlantAndEquipmentGross" use="optional" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Land" xlink:label="Land" xlink:title="Land"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="PropertyPlantAndEquipmentGross" xlink:to="Land" xlink:title="calculation: PropertyPlantAndEquipmentGross to Land" use="optional" order="1.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_LandUseRights" xlink:label="LandUseRights" xlink:title="LandUseRights"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="PropertyPlantAndEquipmentGross" xlink:to="LandUseRights" xlink:title="calculation: PropertyPlantAndEquipmentGross to LandUseRights" use="optional" order="2.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BuildingsAndImprovementsGross" xlink:label="BuildingsAndImprovementsGross" xlink:title="BuildingsAndImprovementsGross"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="PropertyPlantAndEquipmentGross" xlink:to="BuildingsAndImprovementsGross" xlink:title="calculation: PropertyPlantAndEquipmentGross to BuildingsAndImprovementsGross" use="optional" order="3.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MachineryAndEquipmentGross" xlink:label="MachineryAndEquipmentGross" xlink:title="MachineryAndEquipmentGross"/>
    <link:calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="PropertyPlantAndEquipmentGross" xlink:to="MachineryAndEquipmentGross" xlink:title="calculation: PropertyPlantAndEquipmentGross to MachineryAndEquipmentGross" use="optional" order="4.0" weight="1.0"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_MotorVehicles" xlink:label="MotorVehicles" xlink:title="MotorVehicles"/>
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<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>9
<FILENAME>apwc-20111231_def.xml
<DESCRIPTION>XBRL DEFINITION FILE
<TEXT>
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<!-- Generated by Fujitsu XWand B0150 -->
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>10
<FILENAME>apwc-20111231_lab.xml
<DESCRIPTION>XBRL LABEL FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>
<!-- Generated by Fujitsu XWand B0150 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink">
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalPeriodFocus" xlink:to="label_DocumentFiscalPeriodFocus" xlink:title="label: DocumentFiscalPeriodFocus to label_DocumentFiscalPeriodFocus"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="DocumentInformationLineItems" xlink:title="DocumentInformationLineItems"/>
    <link:label xlink:type="resource" xlink:label="label_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentInformationLineItems" xml:lang="en-US" id="label_DocumentInformationLineItems">Document information</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentInformationLineItems" xlink:to="label_DocumentInformationLineItems" xlink:title="label: DocumentInformationLineItems to label_DocumentInformationLineItems"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="AssetsAbstract" xlink:title="AssetsAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsAbstract" xml:lang="en-US" id="label_AssetsAbstract">ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_AssetsAbstract" xlink:title="label: AssetsAbstract to label_AssetsAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="AssetsCurrentAbstract" xlink:title="AssetsCurrentAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_AssetsCurrentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsCurrentAbstract" xml:lang="en-US" id="label_AssetsCurrentAbstract">Current assets:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsCurrentAbstract" xlink:to="label_AssetsCurrentAbstract" xlink:title="label: AssetsCurrentAbstract to label_AssetsCurrentAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="CashAndCashEquivalentsAtCarryingValue" xlink:title="CashAndCashEquivalentsAtCarryingValue"/>
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsAtCarryingValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US" id="label_CashAndCashEquivalentsAtCarryingValue">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAtCarryingValue" xlink:to="label_CashAndCashEquivalentsAtCarryingValue" xlink:title="label: CashAndCashEquivalentsAtCarryingValue to label_CashAndCashEquivalentsAtCarryingValue"/>
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsAtCarryingValue_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US" id="label_CashAndCashEquivalentsAtCarryingValue_2">Cash and cash equivalents at beginning of year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAtCarryingValue" xlink:to="label_CashAndCashEquivalentsAtCarryingValue_2" xlink:title="label: CashAndCashEquivalentsAtCarryingValue to label_CashAndCashEquivalentsAtCarryingValue"/>
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsAtCarryingValue_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US" id="label_CashAndCashEquivalentsAtCarryingValue_3">Cash and cash equivalents at end of year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAtCarryingValue" xlink:to="label_CashAndCashEquivalentsAtCarryingValue_3" xlink:title="label: CashAndCashEquivalentsAtCarryingValue to label_CashAndCashEquivalentsAtCarryingValue"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestBearingDepositsInBanks" xlink:label="InterestBearingDepositsInBanks" xlink:title="InterestBearingDepositsInBanks"/>
    <link:label xlink:type="resource" xlink:label="label_InterestBearingDepositsInBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestBearingDepositsInBanks" xml:lang="en-US" id="label_InterestBearingDepositsInBanks">Restricted short-term bank deposits (note 5)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestBearingDepositsInBanks" xlink:to="label_InterestBearingDepositsInBanks" xlink:title="label: InterestBearingDepositsInBanks to label_InterestBearingDepositsInBanks"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:label="AccountsReceivableNet" xlink:title="AccountsReceivableNet"/>
    <link:label xlink:type="resource" xlink:label="label_AccountsReceivableNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsReceivableNet" xml:lang="en-US" id="label_AccountsReceivableNet">Accounts receivable, net of allowance for doubtful accounts of $6,886 and $4,614 at December 31, 2010 and 2011, respectively (note 10)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsReceivableNet" xlink:to="label_AccountsReceivableNet" xlink:title="label: AccountsReceivableNet to label_AccountsReceivableNet"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DueFromRelatedPartiesCurrent" xlink:label="DueFromRelatedPartiesCurrent" xlink:title="DueFromRelatedPartiesCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_DueFromRelatedPartiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueFromRelatedPartiesCurrent" xml:lang="en-US" id="label_DueFromRelatedPartiesCurrent">Amounts due from related parties (note 17)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromRelatedPartiesCurrent" xlink:to="label_DueFromRelatedPartiesCurrent" xlink:title="label: DueFromRelatedPartiesCurrent to label_DueFromRelatedPartiesCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryNetAbstract" xlink:label="InventoryNetAbstract" xlink:title="InventoryNetAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_InventoryNetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoryNetAbstract" xml:lang="en-US" id="label_InventoryNetAbstract">Inventories (note 10)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryNetAbstract" xlink:to="label_InventoryNetAbstract" xlink:title="label: InventoryNetAbstract to label_InventoryNetAbstract"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_DistributedProducts" xlink:label="DistributedProducts" xlink:title="DistributedProducts"/>
    <link:label xlink:type="resource" xlink:label="label_DistributedProducts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DistributedProducts" xml:lang="en-US" id="label_DistributedProducts">Distributed products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DistributedProducts" xlink:to="label_DistributedProducts" xlink:title="label: DistributedProducts to label_DistributedProducts"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryFinishedGoods" xlink:label="InventoryFinishedGoods" xlink:title="InventoryFinishedGoods"/>
    <link:label xlink:type="resource" xlink:label="label_InventoryFinishedGoods" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoryFinishedGoods" xml:lang="en-US" id="label_InventoryFinishedGoods">Finished products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryFinishedGoods" xlink:to="label_InventoryFinishedGoods" xlink:title="label: InventoryFinishedGoods to label_InventoryFinishedGoods"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment" xlink:label="OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment" xlink:title="OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment"/>
    <link:label xlink:type="resource" xlink:label="label_OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment" xml:lang="en-US" id="label_OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment">Consignment inventory</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment" xlink:to="label_OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment" xlink:title="label: OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment to label_OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryWorkInProcess" xlink:label="InventoryWorkInProcess" xlink:title="InventoryWorkInProcess"/>
    <link:label xlink:type="resource" xlink:label="label_InventoryWorkInProcess" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoryWorkInProcess" xml:lang="en-US" id="label_InventoryWorkInProcess">Work-in-progress</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryWorkInProcess" xlink:to="label_InventoryWorkInProcess" xlink:title="label: InventoryWorkInProcess to label_InventoryWorkInProcess"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryRawMaterialsAndSupplies" xlink:label="InventoryRawMaterialsAndSupplies" xlink:title="InventoryRawMaterialsAndSupplies"/>
    <link:label xlink:type="resource" xlink:label="label_InventoryRawMaterialsAndSupplies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoryRawMaterialsAndSupplies" xml:lang="en-US" id="label_InventoryRawMaterialsAndSupplies">Raw materials and supplies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryRawMaterialsAndSupplies" xlink:to="label_InventoryRawMaterialsAndSupplies" xlink:title="label: InventoryRawMaterialsAndSupplies to label_InventoryRawMaterialsAndSupplies"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryNet" xlink:label="InventoryNet" xlink:title="InventoryNet"/>
    <link:label xlink:type="resource" xlink:label="label_InventoryNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoryNet" xml:lang="en-US" id="label_InventoryNet">Inventories, total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryNet" xlink:to="label_InventoryNet" xlink:title="label: InventoryNet to label_InventoryNet"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxAssetsNetCurrent" xlink:label="DeferredTaxAssetsNetCurrent" xlink:title="DeferredTaxAssetsNetCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssetsNetCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxAssetsNetCurrent" xml:lang="en-US" id="label_DeferredTaxAssetsNetCurrent">Deferred tax assets (note 11)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetsNetCurrent" xlink:to="label_DeferredTaxAssetsNetCurrent" xlink:title="label: DeferredTaxAssetsNetCurrent to label_DeferredTaxAssetsNetCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherPrepaidExpenseCurrent" xlink:label="OtherPrepaidExpenseCurrent" xlink:title="OtherPrepaidExpenseCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_OtherPrepaidExpenseCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherPrepaidExpenseCurrent" xml:lang="en-US" id="label_OtherPrepaidExpenseCurrent">Prepaid expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPrepaidExpenseCurrent" xlink:to="label_OtherPrepaidExpenseCurrent" xlink:title="label: OtherPrepaidExpenseCurrent to label_OtherPrepaidExpenseCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="OtherAssetsCurrent" xlink:title="OtherAssetsCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsCurrent" xml:lang="en-US" id="label_OtherAssetsCurrent">Other current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsCurrent" xlink:to="label_OtherAssetsCurrent" xlink:title="label: OtherAssetsCurrent to label_OtherAssetsCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="AssetsCurrent" xlink:title="AssetsCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_AssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsCurrent" xml:lang="en-US" id="label_AssetsCurrent">Total current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsCurrent" xlink:to="label_AssetsCurrent" xlink:title="label: AssetsCurrent to label_AssetsCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:title="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:label xlink:type="resource" xlink:label="label_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xml:lang="en-US" id="label_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment">Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:title="label: AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment to label_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:label xlink:type="resource" xlink:label="label_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xml:lang="en-US" id="label_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_2">Accumulated depreciation and amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="label_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_2" xlink:title="label: AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment to label_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract" xlink:label="PropertyPlantAndEquipmentAbstract" xlink:title="PropertyPlantAndEquipmentAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentAbstract" xml:lang="en-US" id="label_PropertyPlantAndEquipmentAbstract">Property, plant and equipment:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAbstract" xlink:to="label_PropertyPlantAndEquipmentAbstract" xlink:title="label: PropertyPlantAndEquipmentAbstract to label_PropertyPlantAndEquipmentAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Land" xlink:label="Land" xlink:title="Land"/>
    <link:label xlink:type="resource" xlink:label="label_Land" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Land" xml:lang="en-US" id="label_Land">Land</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Land" xlink:to="label_Land" xlink:title="label: Land to label_Land"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_LandUseRights" xlink:label="LandUseRights" xlink:title="LandUseRights"/>
    <link:label xlink:type="resource" xlink:label="label_LandUseRights" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LandUseRights" xml:lang="en-US" id="label_LandUseRights">Land use rights</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LandUseRights" xlink:to="label_LandUseRights" xlink:title="label: LandUseRights to label_LandUseRights"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_MotorVehicles" xlink:label="MotorVehicles" xlink:title="MotorVehicles"/>
    <link:label xlink:type="resource" xlink:label="label_MotorVehicles" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MotorVehicles" xml:lang="en-US" id="label_MotorVehicles">Motor vehicles</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MotorVehicles" xlink:to="label_MotorVehicles" xlink:title="label: MotorVehicles to label_MotorVehicles"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BuildingsAndImprovementsGross" xlink:label="BuildingsAndImprovementsGross" xlink:title="BuildingsAndImprovementsGross"/>
    <link:label xlink:type="resource" xlink:label="label_BuildingsAndImprovementsGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BuildingsAndImprovementsGross" xml:lang="en-US" id="label_BuildingsAndImprovementsGross">Buildings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BuildingsAndImprovementsGross" xlink:to="label_BuildingsAndImprovementsGross" xlink:title="label: BuildingsAndImprovementsGross to label_BuildingsAndImprovementsGross"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MachineryAndEquipmentGross" xlink:label="MachineryAndEquipmentGross" xlink:title="MachineryAndEquipmentGross"/>
    <link:label xlink:type="resource" xlink:label="label_MachineryAndEquipmentGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MachineryAndEquipmentGross" xml:lang="en-US" id="label_MachineryAndEquipmentGross">Machinery and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MachineryAndEquipmentGross" xlink:to="label_MachineryAndEquipmentGross" xlink:title="label: MachineryAndEquipmentGross to label_MachineryAndEquipmentGross"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FurnitureAndFixturesGross" xlink:label="FurnitureAndFixturesGross" xlink:title="FurnitureAndFixturesGross"/>
    <link:label xlink:type="resource" xlink:label="label_FurnitureAndFixturesGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FurnitureAndFixturesGross" xml:lang="en-US" id="label_FurnitureAndFixturesGross">Office equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FurnitureAndFixturesGross" xlink:to="label_FurnitureAndFixturesGross" xlink:title="label: FurnitureAndFixturesGross to label_FurnitureAndFixturesGross"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="ConstructionInProgressGross" xlink:title="ConstructionInProgressGross"/>
    <link:label xlink:type="resource" xlink:label="label_ConstructionInProgressGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConstructionInProgressGross" xml:lang="en-US" id="label_ConstructionInProgressGross">Construction in progress</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionInProgressGross" xlink:to="label_ConstructionInProgressGross" xlink:title="label: ConstructionInProgressGross to label_ConstructionInProgressGross"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="PropertyPlantAndEquipmentGross" xlink:title="PropertyPlantAndEquipmentGross"/>
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentGross" xml:lang="en-US" id="label_PropertyPlantAndEquipmentGross">Property, plant and equipment, gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentGross" xlink:to="label_PropertyPlantAndEquipmentGross" xlink:title="label: PropertyPlantAndEquipmentGross to label_PropertyPlantAndEquipmentGross"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermInvestments" xlink:label="LongTermInvestments" xlink:title="LongTermInvestments"/>
    <link:label xlink:type="resource" xlink:label="label_LongTermInvestments_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermInvestments" xml:lang="en-US" id="label_LongTermInvestments_2">Long-term investments (note 7)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermInvestments" xlink:to="label_LongTermInvestments_2" xlink:title="label: LongTermInvestments to label_LongTermInvestments"/>
    <link:label xlink:type="resource" xlink:label="label_LongTermInvestments" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongTermInvestments" xml:lang="en-US" id="label_LongTermInvestments">Investments (note 7)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermInvestments" xlink:to="label_LongTermInvestments" xlink:title="label: LongTermInvestments to label_LongTermInvestments"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:title="InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures"/>
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xml:lang="en-US" id="label_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures">Investment in equity investees (note 21)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:to="label_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:title="label: InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures to label_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Goodwill" xlink:label="Goodwill" xlink:title="Goodwill"/>
    <link:label xlink:type="resource" xlink:label="label_Goodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Goodwill" xml:lang="en-US" id="label_Goodwill">Goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Goodwill" xlink:to="label_Goodwill" xlink:title="label: Goodwill to label_Goodwill"/>
    <link:label xlink:type="resource" xlink:label="label_Goodwill_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_Goodwill" xml:lang="en-US" id="label_Goodwill_2">Goodwill (note 6)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Goodwill" xlink:to="label_Goodwill_2" xlink:title="label: Goodwill to label_Goodwill"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Assets" xlink:label="Assets" xlink:title="Assets"/>
    <link:label xlink:type="resource" xlink:label="label_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Assets" xml:lang="en-US" id="label_Assets">Total assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets" xlink:title="label: Assets to label_Assets"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsNoncurrent" xlink:label="AssetsNoncurrent" xlink:title="AssetsNoncurrent"/>
    <link:label xlink:type="resource" xlink:label="label_AssetsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsNoncurrent" xml:lang="en-US" id="label_AssetsNoncurrent">Total noncurrent assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsNoncurrent" xlink:to="label_AssetsNoncurrent" xlink:title="label: AssetsNoncurrent to label_AssetsNoncurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:label="DeferredTaxAssetsNetNoncurrent" xlink:title="DeferredTaxAssetsNetNoncurrent"/>
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssetsNetNoncurrent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DeferredTaxAssetsNetNoncurrent" xml:lang="en-US" id="label_DeferredTaxAssetsNetNoncurrent">Deferred tax assets (note 11)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetsNetNoncurrent" xlink:to="label_DeferredTaxAssetsNetNoncurrent" xlink:title="label: DeferredTaxAssetsNetNoncurrent to label_DeferredTaxAssetsNetNoncurrent"/>
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssetsNetNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxAssetsNetNoncurrent" xml:lang="en-US" id="label_DeferredTaxAssetsNetNoncurrent_2">Deferred tax assets, net noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetsNetNoncurrent" xlink:to="label_DeferredTaxAssetsNetNoncurrent_2" xlink:title="label: DeferredTaxAssetsNetNoncurrent to label_DeferredTaxAssetsNetNoncurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="OtherAssetsNoncurrent" xlink:title="OtherAssetsNoncurrent"/>
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsNoncurrent" xml:lang="en-US" id="label_OtherAssetsNoncurrent">Other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsNoncurrent" xlink:to="label_OtherAssetsNoncurrent" xlink:title="label: OtherAssetsNoncurrent to label_OtherAssetsNoncurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="LiabilitiesAndStockholdersEquityAbstract" xlink:title="LiabilitiesAndStockholdersEquityAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesAndStockholdersEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesAndStockholdersEquityAbstract" xml:lang="en-US" id="label_LiabilitiesAndStockholdersEquityAbstract">LIABILITIES AND SHAREHOLDERS&#146; EQUITY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAndStockholdersEquityAbstract" xlink:to="label_LiabilitiesAndStockholdersEquityAbstract" xlink:title="label: LiabilitiesAndStockholdersEquityAbstract to label_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="LiabilitiesCurrentAbstract" xlink:title="LiabilitiesCurrentAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesCurrentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesCurrentAbstract" xml:lang="en-US" id="label_LiabilitiesCurrentAbstract">Current liabilities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrentAbstract" xlink:to="label_LiabilitiesCurrentAbstract" xlink:title="label: LiabilitiesCurrentAbstract to label_LiabilitiesCurrentAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShortTermBankLoansAndNotesPayable" xlink:label="ShortTermBankLoansAndNotesPayable" xlink:title="ShortTermBankLoansAndNotesPayable"/>
    <link:label xlink:type="resource" xlink:label="label_ShortTermBankLoansAndNotesPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShortTermBankLoansAndNotesPayable" xml:lang="en-US" id="label_ShortTermBankLoansAndNotesPayable">Bank loans and overdrafts (note 8)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermBankLoansAndNotesPayable" xlink:to="label_ShortTermBankLoansAndNotesPayable" xlink:title="label: ShortTermBankLoansAndNotesPayable to label_ShortTermBankLoansAndNotesPayable"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="AccountsPayableCurrent" xlink:title="AccountsPayableCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_AccountsPayableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountsPayableCurrent" xml:lang="en-US" id="label_AccountsPayableCurrent">Accounts payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountsPayableCurrent" xlink:to="label_AccountsPayableCurrent" xlink:title="label: AccountsPayableCurrent to label_AccountsPayableCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent" xlink:label="AccruedLiabilitiesCurrent" xlink:title="AccruedLiabilitiesCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_AccruedLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccruedLiabilitiesCurrent" xml:lang="en-US" id="label_AccruedLiabilitiesCurrent">Accrued expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedLiabilitiesCurrent" xlink:to="label_AccruedLiabilitiesCurrent" xlink:title="label: AccruedLiabilitiesCurrent to label_AccruedLiabilitiesCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DueToRelatedPartiesCurrent" xlink:label="DueToRelatedPartiesCurrent" xlink:title="DueToRelatedPartiesCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_DueToRelatedPartiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueToRelatedPartiesCurrent" xml:lang="en-US" id="label_DueToRelatedPartiesCurrent">Amounts due to related parties (note 17)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueToRelatedPartiesCurrent" xlink:to="label_DueToRelatedPartiesCurrent" xlink:title="label: DueToRelatedPartiesCurrent to label_DueToRelatedPartiesCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShortTermNonBankLoansAndNotesPayable" xlink:label="ShortTermNonBankLoansAndNotesPayable" xlink:title="ShortTermNonBankLoansAndNotesPayable"/>
    <link:label xlink:type="resource" xlink:label="label_ShortTermNonBankLoansAndNotesPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShortTermNonBankLoansAndNotesPayable" xml:lang="en-US" id="label_ShortTermNonBankLoansAndNotesPayable">Short-term loans from the immediate holding company (note 17)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShortTermNonBankLoansAndNotesPayable" xlink:to="label_ShortTermNonBankLoansAndNotesPayable" xlink:title="label: ShortTermNonBankLoansAndNotesPayable to label_ShortTermNonBankLoansAndNotesPayable"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccruedIncomeTaxesCurrent" xlink:label="AccruedIncomeTaxesCurrent" xlink:title="AccruedIncomeTaxesCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_AccruedIncomeTaxesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccruedIncomeTaxesCurrent" xml:lang="en-US" id="label_AccruedIncomeTaxesCurrent">Income tax liabilities (note 11)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedIncomeTaxesCurrent" xlink:to="label_AccruedIncomeTaxesCurrent" xlink:title="label: AccruedIncomeTaxesCurrent to label_AccruedIncomeTaxesCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="OtherLiabilitiesCurrent" xlink:title="OtherLiabilitiesCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_OtherLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherLiabilitiesCurrent" xml:lang="en-US" id="label_OtherLiabilitiesCurrent">Other current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLiabilitiesCurrent" xlink:to="label_OtherLiabilitiesCurrent" xlink:title="label: OtherLiabilitiesCurrent to label_OtherLiabilitiesCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="LiabilitiesCurrent" xlink:title="LiabilitiesCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesCurrent" xml:lang="en-US" id="label_LiabilitiesCurrent">Total current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesCurrent" xlink:to="label_LiabilitiesCurrent" xlink:title="label: LiabilitiesCurrent to label_LiabilitiesCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrent" xlink:label="OtherLiabilitiesNoncurrent" xlink:title="OtherLiabilitiesNoncurrent"/>
    <link:label xlink:type="resource" xlink:label="label_OtherLiabilitiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherLiabilitiesNoncurrent" xml:lang="en-US" id="label_OtherLiabilitiesNoncurrent">Other non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLiabilitiesNoncurrent" xlink:to="label_OtherLiabilitiesNoncurrent" xlink:title="label: OtherLiabilitiesNoncurrent to label_OtherLiabilitiesNoncurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="DeferredTaxLiabilitiesNoncurrent" xlink:title="DeferredTaxLiabilitiesNoncurrent"/>
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilitiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxLiabilitiesNoncurrent" xml:lang="en-US" id="label_DeferredTaxLiabilitiesNoncurrent">Deferred tax liabilities (note 11)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilitiesNoncurrent" xlink:to="label_DeferredTaxLiabilitiesNoncurrent" xlink:title="label: DeferredTaxLiabilitiesNoncurrent to label_DeferredTaxLiabilitiesNoncurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Liabilities" xlink:label="Liabilities" xlink:title="Liabilities"/>
    <link:label xlink:type="resource" xlink:label="label_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Liabilities" xml:lang="en-US" id="label_Liabilities">Total liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:to="label_Liabilities" xlink:title="label: Liabilities to label_Liabilities"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:title="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xml:lang="en-US" id="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract">APWC shareholders&#146; equity (note 9):</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:to="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:title="label: StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract to label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract" xlink:label="CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract" xlink:title="CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract" xml:lang="en-US" id="label_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract">Common stock, $0.01 par value:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract" xlink:to="label_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract" xlink:title="label: CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract to label_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_AuthorizedSharesAbstract" xlink:label="AuthorizedSharesAbstract" xlink:title="AuthorizedSharesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_AuthorizedSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuthorizedSharesAbstract" xml:lang="en-US" id="label_AuthorizedSharesAbstract">Authorized shares of 50,000,000 shares at December 31, 2010 and 2011</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuthorizedSharesAbstract" xlink:to="label_AuthorizedSharesAbstract" xlink:title="label: AuthorizedSharesAbstract to label_AuthorizedSharesAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockValueOutstanding" xlink:label="CommonStockValueOutstanding" xlink:title="CommonStockValueOutstanding"/>
    <link:label xlink:type="resource" xlink:label="label_CommonStockValueOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockValueOutstanding" xml:lang="en-US" id="label_CommonStockValueOutstanding">Issued and outstanding shares &#151; 13,830,769 shares (note 9)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockValueOutstanding" xlink:to="label_CommonStockValueOutstanding" xlink:title="label: CommonStockValueOutstanding to label_CommonStockValueOutstanding"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="AdditionalPaidInCapital" xlink:title="AdditionalPaidInCapital"/>
    <link:label xlink:type="resource" xlink:label="label_AdditionalPaidInCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalPaidInCapital" xml:lang="en-US" id="label_AdditionalPaidInCapital">Additional paid-in capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalPaidInCapital" xlink:to="label_AdditionalPaidInCapital" xlink:title="label: AdditionalPaidInCapital to label_AdditionalPaidInCapital"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsUnappropriated" xlink:label="RetainedEarningsUnappropriated" xlink:title="RetainedEarningsUnappropriated"/>
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsUnappropriated" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetainedEarningsUnappropriated" xml:lang="en-US" id="label_RetainedEarningsUnappropriated">Retained earnings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsUnappropriated" xlink:to="label_RetainedEarningsUnappropriated" xlink:title="label: RetainedEarningsUnappropriated to label_RetainedEarningsUnappropriated"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:title="AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncomeLossNetOfTax">Accumulated other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="label_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:title="label: AccumulatedOtherComprehensiveIncomeLossNetOfTax to label_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="StockholdersEquity" xlink:title="StockholdersEquity"/>
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquity" xml:lang="en-US" id="label_StockholdersEquity">Total APWC shareholders&#146; equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquity" xlink:to="label_StockholdersEquity" xlink:title="label: StockholdersEquity to label_StockholdersEquity"/>
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquity_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_StockholdersEquity" xml:lang="en-US" id="label_StockholdersEquity_2">Balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquity" xlink:to="label_StockholdersEquity_2" xlink:title="label: StockholdersEquity to label_StockholdersEquity"/>
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquity_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_StockholdersEquity" xml:lang="en-US" id="label_StockholdersEquity_3">Balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquity" xlink:to="label_StockholdersEquity_3" xlink:title="label: StockholdersEquity to label_StockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MinorityInterest" xlink:label="MinorityInterest" xlink:title="MinorityInterest"/>
    <link:label xlink:type="resource" xlink:label="label_MinorityInterest" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MinorityInterest" xml:lang="en-US" id="label_MinorityInterest">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterest" xlink:to="label_MinorityInterest" xlink:title="label: MinorityInterest to label_MinorityInterest"/>
    <link:label xlink:type="resource" xlink:label="label_MinorityInterest_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterest" xml:lang="en-US" id="label_MinorityInterest_2">MInority Interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterest" xlink:to="label_MinorityInterest_2" xlink:title="label: MinorityInterest to label_MinorityInterest"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US" id="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">Total shareholders&#146; equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:title="label: StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest to label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US" id="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2">Balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2" xlink:title="label: StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest to label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US" id="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3">Balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3" xlink:title="label: StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest to label_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="LiabilitiesAndStockholdersEquity" xlink:title="LiabilitiesAndStockholdersEquity"/>
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesAndStockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesAndStockholdersEquity" xml:lang="en-US" id="label_LiabilitiesAndStockholdersEquity">Total liabilities and shareholders&#146; equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAndStockholdersEquity" xlink:to="label_LiabilitiesAndStockholdersEquity" xlink:title="label: LiabilitiesAndStockholdersEquity to label_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="AllowanceForDoubtfulAccountsReceivableCurrent" xlink:title="AllowanceForDoubtfulAccountsReceivableCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowanceForDoubtfulAccountsReceivableCurrent" xml:lang="en-US" id="label_AllowanceForDoubtfulAccountsReceivableCurrent">Allowance for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForDoubtfulAccountsReceivableCurrent" xlink:to="label_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:title="label: AllowanceForDoubtfulAccountsReceivableCurrent to label_AllowanceForDoubtfulAccountsReceivableCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryValuationReserves" xlink:label="InventoryValuationReserves" xlink:title="InventoryValuationReserves"/>
    <link:label xlink:type="resource" xlink:label="label_InventoryValuationReserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoryValuationReserves" xml:lang="en-US" id="label_InventoryValuationReserves">Allowance for inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoryValuationReserves" xlink:to="label_InventoryValuationReserves" xlink:title="label: InventoryValuationReserves to label_InventoryValuationReserves"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="CommonStockParOrStatedValuePerShare" xlink:title="CommonStockParOrStatedValuePerShare"/>
    <link:label xlink:type="resource" xlink:label="label_CommonStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockParOrStatedValuePerShare" xml:lang="en-US" id="label_CommonStockParOrStatedValuePerShare">Common stock, par value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockParOrStatedValuePerShare" xlink:to="label_CommonStockParOrStatedValuePerShare" xlink:title="label: CommonStockParOrStatedValuePerShare to label_CommonStockParOrStatedValuePerShare"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="CommonStockSharesAuthorized" xlink:title="CommonStockSharesAuthorized"/>
    <link:label xlink:type="resource" xlink:label="label_CommonStockSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockSharesAuthorized" xml:lang="en-US" id="label_CommonStockSharesAuthorized">Authorized shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockSharesAuthorized" xlink:to="label_CommonStockSharesAuthorized" xlink:title="label: CommonStockSharesAuthorized to label_CommonStockSharesAuthorized"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="IncomeStatementAbstract" xlink:title="IncomeStatementAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeStatementAbstract" xml:lang="en-US" id="label_IncomeStatementAbstract">CONSOLIDATED STATEMENTS OF OPERATIONS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementAbstract" xlink:to="label_IncomeStatementAbstract" xlink:title="label: IncomeStatementAbstract to label_IncomeStatementAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SalesRevenueNetAbstract" xlink:label="SalesRevenueNetAbstract" xlink:title="SalesRevenueNetAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_SalesRevenueNetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SalesRevenueNetAbstract" xml:lang="en-US" id="label_SalesRevenueNetAbstract">Net sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesRevenueNetAbstract" xlink:to="label_SalesRevenueNetAbstract" xlink:title="label: SalesRevenueNetAbstract to label_SalesRevenueNetAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RevenueOtherManufacturedProducts" xlink:label="RevenueOtherManufacturedProducts" xlink:title="RevenueOtherManufacturedProducts"/>
    <link:label xlink:type="resource" xlink:label="label_RevenueOtherManufacturedProducts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueOtherManufacturedProducts" xml:lang="en-US" id="label_RevenueOtherManufacturedProducts">Manufactured products (including sales to related parties amounting to $4,144, $3,806 and $3,663 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17))</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueOtherManufacturedProducts" xlink:to="label_RevenueOtherManufacturedProducts" xlink:title="label: RevenueOtherManufacturedProducts to label_RevenueOtherManufacturedProducts"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SalesRevenueGoodsNet" xlink:label="SalesRevenueGoodsNet" xlink:title="SalesRevenueGoodsNet"/>
    <link:label xlink:type="resource" xlink:label="label_SalesRevenueGoodsNet" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SalesRevenueGoodsNet" xml:lang="en-US" id="label_SalesRevenueGoodsNet">Distributed products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesRevenueGoodsNet" xlink:to="label_SalesRevenueGoodsNet" xlink:title="label: SalesRevenueGoodsNet to label_SalesRevenueGoodsNet"/>
    <link:label xlink:type="resource" xlink:label="label_SalesRevenueGoodsNet_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SalesRevenueGoodsNet" xml:lang="en-US" id="label_SalesRevenueGoodsNet_2">Sales Revenue Goods, Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesRevenueGoodsNet" xlink:to="label_SalesRevenueGoodsNet_2" xlink:title="label: SalesRevenueGoodsNet to label_SalesRevenueGoodsNet"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_SupplyDeliveryAndInstallationOfWiresAndCables" xlink:label="SalesDeliveryAndInstallationOfWiresAndCables" xlink:title="SalesDeliveryAndInstallationOfWiresAndCables"/>
    <link:label xlink:type="resource" xlink:label="label_SalesDeliveryAndInstallationOfWiresAndCables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SalesDeliveryAndInstallationOfWiresAndCables" xml:lang="en-US" id="label_SalesDeliveryAndInstallationOfWiresAndCables">Sales, delivery and installation of wires and cables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesDeliveryAndInstallationOfWiresAndCables" xlink:to="label_SalesDeliveryAndInstallationOfWiresAndCables" xlink:title="label: SalesDeliveryAndInstallationOfWiresAndCables to label_SalesDeliveryAndInstallationOfWiresAndCables"/>
    <link:label xlink:type="resource" xlink:label="label_SalesDeliveryAndInstallationOfWiresAndCables_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SalesDeliveryAndInstallationOfWiresAndCables" xml:lang="en-US" id="label_SalesDeliveryAndInstallationOfWiresAndCables_2">Supply, delivery and installation of wires and cables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesDeliveryAndInstallationOfWiresAndCables" xlink:to="label_SalesDeliveryAndInstallationOfWiresAndCables_2" xlink:title="label: SalesDeliveryAndInstallationOfWiresAndCables to label_SalesDeliveryAndInstallationOfWiresAndCables"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="SalesRevenueNet" xlink:title="SalesRevenueNet"/>
    <link:label xlink:type="resource" xlink:label="label_SalesRevenueNet" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SalesRevenueNet" xml:lang="en-US" id="label_SalesRevenueNet">Net sales, total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesRevenueNet" xlink:to="label_SalesRevenueNet" xlink:title="label: SalesRevenueNet to label_SalesRevenueNet"/>
    <link:label xlink:type="resource" xlink:label="label_SalesRevenueNet_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SalesRevenueNet" xml:lang="en-US" id="label_SalesRevenueNet_2">Sales Revenue Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesRevenueNet" xlink:to="label_SalesRevenueNet_2" xlink:title="label: SalesRevenueNet to label_SalesRevenueNet"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostOfRevenueAbstract" xlink:label="CostOfRevenueAbstract" xlink:title="CostOfRevenueAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_CostOfRevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfRevenueAbstract" xml:lang="en-US" id="label_CostOfRevenueAbstract">Costs of sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfRevenueAbstract" xlink:to="label_CostOfRevenueAbstract" xlink:title="label: CostOfRevenueAbstract to label_CostOfRevenueAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostOfOtherManufacturedProducts" xlink:label="CostOfOtherManufacturedProducts" xlink:title="CostOfOtherManufacturedProducts"/>
    <link:label xlink:type="resource" xlink:label="label_CostOfOtherManufacturedProducts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfOtherManufacturedProducts" xml:lang="en-US" id="label_CostOfOtherManufacturedProducts">Manufactured products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfOtherManufacturedProducts" xlink:to="label_CostOfOtherManufacturedProducts" xlink:title="label: CostOfOtherManufacturedProducts to label_CostOfOtherManufacturedProducts"/>
    <link:label xlink:type="resource" xlink:label="label_CostOfOtherManufacturedProducts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CostOfOtherManufacturedProducts" xml:lang="en-US" id="label_CostOfOtherManufacturedProducts_2">Manufactured products (including purchases from related parties amounting to $36,327, $45,925 and $46,953 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17))</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfOtherManufacturedProducts" xlink:to="label_CostOfOtherManufacturedProducts_2" xlink:title="label: CostOfOtherManufacturedProducts to label_CostOfOtherManufacturedProducts"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostOfGoodsSold" xlink:label="CostOfGoodsSold" xlink:title="CostOfGoodsSold"/>
    <link:label xlink:type="resource" xlink:label="label_CostOfGoodsSold" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CostOfGoodsSold" xml:lang="en-US" id="label_CostOfGoodsSold">Distributed products (including purchases from related parties amounting to $23,458, $4,056 and $7,484 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17))</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfGoodsSold" xlink:to="label_CostOfGoodsSold" xlink:title="label: CostOfGoodsSold to label_CostOfGoodsSold"/>
    <link:label xlink:type="resource" xlink:label="label_CostOfGoodsSold_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfGoodsSold" xml:lang="en-US" id="label_CostOfGoodsSold_2">Cost of Goods Sold</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfGoodsSold" xlink:to="label_CostOfGoodsSold_2" xlink:title="label: CostOfGoodsSold to label_CostOfGoodsSold"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_CostOfSalesSupplyDeliveryAndInstallationOfWiresAndCables" xlink:label="CostOfSalesDeliveryAndInstallationOfWiresAndCables" xlink:title="CostOfSalesDeliveryAndInstallationOfWiresAndCables"/>
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesDeliveryAndInstallationOfWiresAndCables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesDeliveryAndInstallationOfWiresAndCables" xml:lang="en-US" id="label_CostOfSalesDeliveryAndInstallationOfWiresAndCables">Cost of Sales, Sales, delivery and installation of wires and cables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesDeliveryAndInstallationOfWiresAndCables" xlink:to="label_CostOfSalesDeliveryAndInstallationOfWiresAndCables" xlink:title="label: CostOfSalesDeliveryAndInstallationOfWiresAndCables to label_CostOfSalesDeliveryAndInstallationOfWiresAndCables"/>
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesSalesDeliveryAndInstallationOfWiresAndCables" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CostOfSalesSalesDeliveryAndInstallationOfWiresAndCables" xml:lang="en-US" id="label_CostOfSalesSalesDeliveryAndInstallationOfWiresAndCables">Supply, delivery and installation of wires and cables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesDeliveryAndInstallationOfWiresAndCables" xlink:to="label_CostOfSalesSalesDeliveryAndInstallationOfWiresAndCables" xlink:title="label: CostOfSalesSalesDeliveryAndInstallationOfWiresAndCables to label_CostOfSalesSalesDeliveryAndInstallationOfWiresAndCables"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_InventoryImpairment" xlink:label="RecoveryAllowanceForInventoryReserve" xlink:title="RecoveryAllowanceForInventoryReserve"/>
    <link:label xlink:type="resource" xlink:label="label_RecoveryAllowanceForInventoryReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RecoveryAllowanceForInventoryReserve" xml:lang="en-US" id="label_RecoveryAllowanceForInventoryReserve">Inventory impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RecoveryAllowanceForInventoryReserve" xlink:to="label_RecoveryAllowanceForInventoryReserve" xlink:title="label: RecoveryAllowanceForInventoryReserve to label_RecoveryAllowanceForInventoryReserve"/>
    <link:label xlink:type="resource" xlink:label="label_RecoveryAllowanceForInventoryReserve_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RecoveryAllowanceForInventoryReserve" xml:lang="en-US" id="label_RecoveryAllowanceForInventoryReserve_2">Inventory impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RecoveryAllowanceForInventoryReserve" xlink:to="label_RecoveryAllowanceForInventoryReserve_2" xlink:title="label: RecoveryAllowanceForInventoryReserve to label_RecoveryAllowanceForInventoryReserve"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GrossProfit" xlink:label="GrossProfit" xlink:title="GrossProfit"/>
    <link:label xlink:type="resource" xlink:label="label_GrossProfit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrossProfit" xml:lang="en-US" id="label_GrossProfit">Gross profit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossProfit" xlink:to="label_GrossProfit" xlink:title="label: GrossProfit to label_GrossProfit"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense" xlink:label="SellingGeneralAndAdministrativeExpense" xlink:title="SellingGeneralAndAdministrativeExpense"/>
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpense" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpense">Selling, general and administrative expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpense" xlink:to="label_SellingGeneralAndAdministrativeExpense" xlink:title="label: SellingGeneralAndAdministrativeExpense to label_SellingGeneralAndAdministrativeExpense"/>
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpense_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_SellingGeneralAndAdministrativeExpense" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpense_2">Selling, general and administrative expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpense" xlink:to="label_SellingGeneralAndAdministrativeExpense_2" xlink:title="label: SellingGeneralAndAdministrativeExpense to label_SellingGeneralAndAdministrativeExpense"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts" xlink:label="ProvisionForDoubtfulAccounts" xlink:title="ProvisionForDoubtfulAccounts"/>
    <link:label xlink:type="resource" xlink:label="label_ProvisionForDoubtfulAccounts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForDoubtfulAccounts" xml:lang="en-US" id="label_ProvisionForDoubtfulAccounts">Provision for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDoubtfulAccounts" xlink:to="label_ProvisionForDoubtfulAccounts" xlink:title="label: ProvisionForDoubtfulAccounts to label_ProvisionForDoubtfulAccounts"/>
    <link:label xlink:type="resource" xlink:label="label_ProvisionForDoubtfulAccounts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ProvisionForDoubtfulAccounts" xml:lang="en-US" id="label_ProvisionForDoubtfulAccounts_2">Recovery for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDoubtfulAccounts" xlink:to="label_ProvisionForDoubtfulAccounts_2" xlink:title="label: ProvisionForDoubtfulAccounts to label_ProvisionForDoubtfulAccounts"/>
    <link:label xlink:type="resource" xlink:label="label_ProvisionForDoubtfulAccounts_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProvisionForDoubtfulAccounts" xml:lang="en-US" id="label_ProvisionForDoubtfulAccounts_3">Recovery for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForDoubtfulAccounts" xlink:to="label_ProvisionForDoubtfulAccounts_3" xlink:title="label: ProvisionForDoubtfulAccounts to label_ProvisionForDoubtfulAccounts"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" xlink:label="ImpairmentOfLongLivedAssetsHeldForUse" xlink:title="ImpairmentOfLongLivedAssetsHeldForUse"/>
    <link:label xlink:type="resource" xlink:label="label_ImpairmentOfLongLivedAssetsHeldForUse" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentOfLongLivedAssetsHeldForUse" xml:lang="en-US" id="label_ImpairmentOfLongLivedAssetsHeldForUse">Impairment of long-lived assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentOfLongLivedAssetsHeldForUse" xlink:to="label_ImpairmentOfLongLivedAssetsHeldForUse" xlink:title="label: ImpairmentOfLongLivedAssetsHeldForUse to label_ImpairmentOfLongLivedAssetsHeldForUse"/>
    <link:label xlink:type="resource" xlink:label="label_ImpairmentOfLongLivedAssetsHeldForUse_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ImpairmentOfLongLivedAssetsHeldForUse" xml:lang="en-US" id="label_ImpairmentOfLongLivedAssetsHeldForUse_2">Impairment of long-lived assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentOfLongLivedAssetsHeldForUse" xlink:to="label_ImpairmentOfLongLivedAssetsHeldForUse_2" xlink:title="label: ImpairmentOfLongLivedAssetsHeldForUse to label_ImpairmentOfLongLivedAssetsHeldForUse"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:title="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xml:lang="en-US" id="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">Income from continuing operations before income taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:title="label: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest to label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:label="ForeignCurrencyTransactionGainLossBeforeTax" xlink:title="ForeignCurrencyTransactionGainLossBeforeTax"/>
    <link:label xlink:type="resource" xlink:label="label_ForeignCurrencyTransactionGainLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignCurrencyTransactionGainLossBeforeTax" xml:lang="en-US" id="label_ForeignCurrencyTransactionGainLossBeforeTax">Exchange gain (loss), net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyTransactionGainLossBeforeTax" xlink:to="label_ForeignCurrencyTransactionGainLossBeforeTax" xlink:title="label: ForeignCurrencyTransactionGainLossBeforeTax to label_ForeignCurrencyTransactionGainLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestIncomeOperating" xlink:label="InterestIncomeOperating" xlink:title="InterestIncomeOperating"/>
    <link:label xlink:type="resource" xlink:label="label_InterestIncomeOperating" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestIncomeOperating" xml:lang="en-US" id="label_InterestIncomeOperating">Interest income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOperating" xlink:to="label_InterestIncomeOperating" xlink:title="label: InterestIncomeOperating to label_InterestIncomeOperating"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestExpense" xlink:label="InterestExpense" xlink:title="InterestExpense"/>
    <link:label xlink:type="resource" xlink:label="label_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpense" xml:lang="en-US" id="label_InterestExpense">Interest expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpense" xlink:to="label_InterestExpense" xlink:title="label: InterestExpense to label_InterestExpense"/>
    <link:label xlink:type="resource" xlink:label="label_InterestExpense_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestExpense" xml:lang="en-US" id="label_InterestExpense_2">Interest expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpense" xlink:to="label_InterestExpense_2" xlink:title="label: InterestExpense to label_InterestExpense"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="IncomeLossFromEquityMethodInvestments" xlink:title="IncomeLossFromEquityMethodInvestments"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeLossFromEquityMethodInvestments" xml:lang="en-US" id="label_IncomeLossFromEquityMethodInvestments">Share of net loss of equity investees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromEquityMethodInvestments" xlink:to="label_IncomeLossFromEquityMethodInvestments" xlink:title="label: IncomeLossFromEquityMethodInvestments to label_IncomeLossFromEquityMethodInvestments"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromEquityMethodInvestments_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeLossFromEquityMethodInvestments" xml:lang="en-US" id="label_IncomeLossFromEquityMethodInvestments_2">Share of net loss of equity investees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromEquityMethodInvestments" xlink:to="label_IncomeLossFromEquityMethodInvestments_2" xlink:title="label: IncomeLossFromEquityMethodInvestments to label_IncomeLossFromEquityMethodInvestments"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ImpairmentOfInvestments" xlink:label="ImpairmentOfInvestments" xlink:title="ImpairmentOfInvestments"/>
    <link:label xlink:type="resource" xlink:label="label_ImpairmentOfInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentOfInvestments" xml:lang="en-US" id="label_ImpairmentOfInvestments">Impairment of investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentOfInvestments" xlink:to="label_ImpairmentOfInvestments" xlink:title="label: ImpairmentOfInvestments to label_ImpairmentOfInvestments"/>
    <link:label xlink:type="resource" xlink:label="label_ImpairmentOfInvestments_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ImpairmentOfInvestments" xml:lang="en-US" id="label_ImpairmentOfInvestments_2">Impairment of investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentOfInvestments" xlink:to="label_ImpairmentOfInvestments_2" xlink:title="label: ImpairmentOfInvestments to label_ImpairmentOfInvestments"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GainOrLossOnSaleOfStockInSubsidiary" xlink:label="GainOrLossOnSaleOfStockInSubsidiary" xlink:title="GainOrLossOnSaleOfStockInSubsidiary"/>
    <link:label xlink:type="resource" xlink:label="label_GainOrLossOnSaleOfStockInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainOrLossOnSaleOfStockInSubsidiary" xml:lang="en-US" id="label_GainOrLossOnSaleOfStockInSubsidiary">Gain on liquidation of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOrLossOnSaleOfStockInSubsidiary" xlink:to="label_GainOrLossOnSaleOfStockInSubsidiary" xlink:title="label: GainOrLossOnSaleOfStockInSubsidiary to label_GainOrLossOnSaleOfStockInSubsidiary"/>
    <link:label xlink:type="resource" xlink:label="label_GainOrLossOnSaleOfStockInSubsidiary_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_GainOrLossOnSaleOfStockInSubsidiary" xml:lang="en-US" id="label_GainOrLossOnSaleOfStockInSubsidiary_2">Gain on liquidation of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainOrLossOnSaleOfStockInSubsidiary" xlink:to="label_GainOrLossOnSaleOfStockInSubsidiary_2" xlink:title="label: GainOrLossOnSaleOfStockInSubsidiary to label_GainOrLossOnSaleOfStockInSubsidiary"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherIncome" xlink:label="OtherIncome" xlink:title="OtherIncome"/>
    <link:label xlink:type="resource" xlink:label="label_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherIncome" xml:lang="en-US" id="label_OtherIncome">Other income, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome" xlink:title="label: OtherIncome to label_OtherIncome"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:title="IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xml:lang="en-US" id="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">Income from operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:to="label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:title="label: IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments to label_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="IncomeTaxExpenseBenefit" xlink:title="IncomeTaxExpenseBenefit"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxExpenseBenefit" xml:lang="en-US" id="label_IncomeTaxExpenseBenefit">Income taxes (note 11)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseBenefit" xlink:to="label_IncomeTaxExpenseBenefit" xlink:title="label: IncomeTaxExpenseBenefit to label_IncomeTaxExpenseBenefit"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseBenefit_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeTaxExpenseBenefit" xml:lang="en-US" id="label_IncomeTaxExpenseBenefit_2">Income taxes (note 11)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseBenefit" xlink:to="label_IncomeTaxExpenseBenefit_2" xlink:title="label: IncomeTaxExpenseBenefit to label_IncomeTaxExpenseBenefit"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:title="IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US" id="label_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest">Net income (loss) from continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:title="label: IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest to label_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US" id="label_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_2">Net income (loss) from continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:to="label_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_2" xlink:title="label: IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest to label_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="NetIncomeLossAttributableToNoncontrollingInterest" xlink:title="NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:label xlink:type="resource" xlink:label="label_NetIncomeLossAttributableToNoncontrollingInterest" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NetIncomeLossAttributableToNoncontrollingInterest" xml:lang="en-US" id="label_NetIncomeLossAttributableToNoncontrollingInterest">Net income attributable to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAttributableToNoncontrollingInterest" xlink:to="label_NetIncomeLossAttributableToNoncontrollingInterest" xlink:title="label: NetIncomeLossAttributableToNoncontrollingInterest to label_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:label xlink:type="resource" xlink:label="label_NetIncomeLossAttributableToNoncontrollingInterest_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetIncomeLossAttributableToNoncontrollingInterest" xml:lang="en-US" id="label_NetIncomeLossAttributableToNoncontrollingInterest_2">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAttributableToNoncontrollingInterest" xlink:to="label_NetIncomeLossAttributableToNoncontrollingInterest_2" xlink:title="label: NetIncomeLossAttributableToNoncontrollingInterest to label_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:label xlink:type="resource" xlink:label="label_NetIncomeLossAttributableToNoncontrollingInterest_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetIncomeLossAttributableToNoncontrollingInterest" xml:lang="en-US" id="label_NetIncomeLossAttributableToNoncontrollingInterest_3">Net income attributable to non-controlling interests</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLoss" xlink:to="label_NetIncomeLoss" xlink:title="label: NetIncomeLoss to label_NetIncomeLoss"/>
    <link:label xlink:type="resource" xlink:label="label_NetIncomeLoss_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NetIncomeLoss" xml:lang="en-US" id="label_NetIncomeLoss_2">Net income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLoss" xlink:to="label_NetIncomeLoss_2" xlink:title="label: NetIncomeLoss to label_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RevenueFromRelatedParties" xlink:label="RevenueFromRelatedParties" xlink:title="RevenueFromRelatedParties"/>
    <link:label xlink:type="resource" xlink:label="label_RevenueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueFromRelatedParties" xml:lang="en-US" id="label_RevenueFromRelatedParties">Sales to related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromRelatedParties" xlink:to="label_RevenueFromRelatedParties" xlink:title="label: RevenueFromRelatedParties to label_RevenueFromRelatedParties"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RelatedPartiesAmountInCostOfSales" xlink:label="RelatedPartiesAmountInCostOfSales" xlink:title="RelatedPartiesAmountInCostOfSales"/>
    <link:label xlink:type="resource" xlink:label="label_RelatedPartiesAmountInCostOfSales" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartiesAmountInCostOfSales" xml:lang="en-US" id="label_RelatedPartiesAmountInCostOfSales">Purchases from related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartiesAmountInCostOfSales" xlink:to="label_RelatedPartiesAmountInCostOfSales" xlink:title="label: RelatedPartiesAmountInCostOfSales to label_RelatedPartiesAmountInCostOfSales"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="AccumulatedOtherComprehensiveIncomeMember" xlink:title="AccumulatedOtherComprehensiveIncomeMember"/>
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedOtherComprehensiveIncomeMember" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncomeMember">Accumulated Other Comprehensive Income [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncomeMember" xlink:to="label_AccumulatedOtherComprehensiveIncomeMember" xlink:title="label: AccumulatedOtherComprehensiveIncomeMember to label_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncomeMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AccumulatedOtherComprehensiveIncomeMember" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncomeMember_2">Accumulated other comprehensive income (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncomeMember" xlink:to="label_AccumulatedOtherComprehensiveIncomeMember_2" xlink:title="label: AccumulatedOtherComprehensiveIncomeMember to label_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="RetainedEarningsMember" xlink:title="RetainedEarningsMember"/>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember" xlink:title="label: RetainedEarningsMember to label_RetainedEarningsMember"/>
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RetainedEarningsMember" xml:lang="en-US" id="label_RetainedEarningsMember_2">Retained earnings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember_2" xlink:title="label: RetainedEarningsMember to label_RetainedEarningsMember"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="AdditionalPaidInCapitalMember" xlink:title="AdditionalPaidInCapitalMember"/>
    <link:label xlink:type="resource" xlink:label="label_AdditionalPaidInCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalPaidInCapitalMember" xml:lang="en-US" id="label_AdditionalPaidInCapitalMember">Additional paid-in capital [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalPaidInCapitalMember" xlink:to="label_AdditionalPaidInCapitalMember" xlink:title="label: AdditionalPaidInCapitalMember to label_AdditionalPaidInCapitalMember"/>
    <link:label xlink:type="resource" xlink:label="label_AdditionalPaidInCapitalMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AdditionalPaidInCapitalMember" xml:lang="en-US" id="label_AdditionalPaidInCapitalMember_2">Additional paid-in capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalPaidInCapitalMember" xlink:to="label_AdditionalPaidInCapitalMember_2" xlink:title="label: AdditionalPaidInCapitalMember to label_AdditionalPaidInCapitalMember"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockMember" xlink:label="CommonStockMember" xlink:title="CommonStockMember"/>
    <link:label xlink:type="resource" xlink:label="label_CommonStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockMember" xml:lang="en-US" id="label_CommonStockMember">Common stock [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockMember" xlink:to="label_CommonStockMember" xlink:title="label: CommonStockMember to label_CommonStockMember"/>
    <link:label xlink:type="resource" xlink:label="label_CommonStockMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CommonStockMember" xml:lang="en-US" id="label_CommonStockMember_2">Common stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockMember" xlink:to="label_CommonStockMember_2" xlink:title="label: CommonStockMember to label_CommonStockMember"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="EquityComponentDomain" xlink:title="EquityComponentDomain"/>
    <link:label xlink:type="resource" xlink:label="label_EquityComponentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityComponentDomain" xml:lang="en-US" id="label_EquityComponentDomain">Equity component [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityComponentDomain" xlink:to="label_EquityComponentDomain" xlink:title="label: EquityComponentDomain to label_EquityComponentDomain"/>
    <link:label xlink:type="resource" xlink:label="label_EquityComponentDomain_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EquityComponentDomain" xml:lang="en-US" id="label_EquityComponentDomain_2">Total Shareholders' equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityComponentDomain" xlink:to="label_EquityComponentDomain_2" xlink:title="label: EquityComponentDomain to label_EquityComponentDomain"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="StatementEquityComponentsAxis" xlink:title="StatementEquityComponentsAxis"/>
    <link:label xlink:type="resource" xlink:label="label_StatementEquityComponentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementEquityComponentsAxis" xml:lang="en-US" id="label_StatementEquityComponentsAxis">Statement Equity Component [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementEquityComponentsAxis" xlink:to="label_StatementEquityComponentsAxis" xlink:title="label: StatementEquityComponentsAxis to label_StatementEquityComponentsAxis"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable" xlink:label="StatementTable" xlink:title="StatementTable"/>
    <link:label xlink:type="resource" xlink:label="label_StatementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementTable" xml:lang="en-US" id="label_StatementTable">Statement [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementTable" xlink:to="label_StatementTable" xlink:title="label: StatementTable to label_StatementTable"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="StatementOfStockholdersEquityAbstract" xlink:title="StatementOfStockholdersEquityAbstract"/>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfStockholdersEquityAbstract" xlink:to="label_StatementOfStockholdersEquityAbstract" xlink:title="label: StatementOfStockholdersEquityAbstract to label_StatementOfStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems" xlink:label="StatementLineItems" xlink:title="StatementLineItems"/>
    <link:label xlink:type="resource" xlink:label="label_StatementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementLineItems" xml:lang="en-US" id="label_StatementLineItems">Statement [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementLineItems" xlink:to="label_StatementLineItems" xlink:title="label: StatementLineItems to label_StatementLineItems"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="ComprehensiveIncomeNetOfTaxAbstract" xlink:title="ComprehensiveIncomeNetOfTaxAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeNetOfTaxAbstract" xml:lang="en-US" id="label_ComprehensiveIncomeNetOfTaxAbstract">Comprehensive income (loss) [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeNetOfTaxAbstract" xlink:to="label_ComprehensiveIncomeNetOfTaxAbstract" xlink:title="label: ComprehensiveIncomeNetOfTaxAbstract to label_ComprehensiveIncomeNetOfTaxAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeNetOfTaxAbstract_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ComprehensiveIncomeNetOfTaxAbstract" xml:lang="en-US" id="label_ComprehensiveIncomeNetOfTaxAbstract_2">Comprehensive income (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeNetOfTaxAbstract" xlink:to="label_ComprehensiveIncomeNetOfTaxAbstract_2" xlink:title="label: ComprehensiveIncomeNetOfTaxAbstract to label_ComprehensiveIncomeNetOfTaxAbstract"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_IncreaseInShareholdingInASubsidiary" xlink:label="IncreaseInShareholdingInASubsidiary" xlink:title="IncreaseInShareholdingInASubsidiary"/>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInShareholdingInASubsidiary" xlink:to="label_IncreaseInShareholdingInASubsidiary" xlink:title="label: IncreaseInShareholdingInASubsidiary to label_IncreaseInShareholdingInASubsidiary"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease" xlink:label="OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease" xlink:title="OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease"/>
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease" xml:lang="en-US" id="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease">Other comprehensive income (loss), net of tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease" xlink:to="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease" xlink:title="label: OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease to label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:title="OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xml:lang="en-US" id="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract">Other comprehensive income (loss), net of tax [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:title="label: OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract to label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xml:lang="en-US" id="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_2">Other comprehensive income (loss), net of tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_2" xlink:title="label: OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract to label_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:label="OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:title="OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease"/>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:label="OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:title="OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease"/>
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease" xml:lang="en-US" id="label_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease">Pension liability adjustments (note 18)</link:label>
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    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease" xml:lang="en-US" id="label_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease_2">Pension liability adjustments (note 18)</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:title="OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax"/>
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xml:lang="en-US" id="label_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax">Unrealized loss on available-for-sale securities &#151; net of income tax of $-18 and $84 for years ended December 31 2009 and 2010 respectively</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="ComprehensiveIncomeNetOfTax" xlink:title="ComprehensiveIncomeNetOfTax"/>
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeNetOfTax" xml:lang="en-US" id="label_ComprehensiveIncomeNetOfTax">Comprehensive income (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeNetOfTax" xlink:to="label_ComprehensiveIncomeNetOfTax" xlink:title="label: ComprehensiveIncomeNetOfTax to label_ComprehensiveIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="StatementOfCashFlowsAbstract" xlink:title="StatementOfCashFlowsAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfCashFlowsAbstract" xml:lang="en-US" id="label_StatementOfCashFlowsAbstract">CONSOLIDATED STATEMENTS OF CASH FLOWS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfCashFlowsAbstract" xlink:to="label_StatementOfCashFlowsAbstract" xlink:title="label: StatementOfCashFlowsAbstract to label_StatementOfCashFlowsAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US" id="label_NetCashProvidedByUsedInOperatingActivitiesAbstract">Operating activities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInOperatingActivitiesAbstract to label_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US" id="label_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">Adjustments to reconcile net income (loss) to net cash provided (used in) by operating activities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="label_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="label: AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract to label_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GainLossOnSaleOfPropertyPlantEquipment" xlink:label="GainLossOnSaleOfPropertyPlantEquipment" xlink:title="GainLossOnSaleOfPropertyPlantEquipment"/>
    <link:label xlink:type="resource" xlink:label="label_GainLossOnSaleOfPropertyPlantEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossOnSaleOfPropertyPlantEquipment" xml:lang="en-US" id="label_GainLossOnSaleOfPropertyPlantEquipment">Loss (gain) on disposal of property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnSaleOfPropertyPlantEquipment" xlink:to="label_GainLossOnSaleOfPropertyPlantEquipment" xlink:title="label: GainLossOnSaleOfPropertyPlantEquipment to label_GainLossOnSaleOfPropertyPlantEquipment"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Depreciation" xlink:label="Depreciation" xlink:title="Depreciation"/>
    <link:label xlink:type="resource" xlink:label="label_Depreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Depreciation" xml:lang="en-US" id="label_Depreciation">Depreciation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Depreciation" xlink:to="label_Depreciation" xlink:title="label: Depreciation to label_Depreciation"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="DeferredIncomeTaxExpenseBenefit" xlink:title="DeferredIncomeTaxExpenseBenefit"/>
    <link:label xlink:type="resource" xlink:label="label_DeferredIncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredIncomeTaxExpenseBenefit" xml:lang="en-US" id="label_DeferredIncomeTaxExpenseBenefit">Deferred income taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredIncomeTaxExpenseBenefit" xlink:to="label_DeferredIncomeTaxExpenseBenefit" xlink:title="label: DeferredIncomeTaxExpenseBenefit to label_DeferredIncomeTaxExpenseBenefit"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:label="ForeignCurrencyTransactionGainLossUnrealized" xlink:title="ForeignCurrencyTransactionGainLossUnrealized"/>
    <link:label xlink:type="resource" xlink:label="label_ForeignCurrencyTransactionGainLossUnrealized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignCurrencyTransactionGainLossUnrealized" xml:lang="en-US" id="label_ForeignCurrencyTransactionGainLossUnrealized">Unrealized foreign exchange difference, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignCurrencyTransactionGainLossUnrealized" xlink:to="label_ForeignCurrencyTransactionGainLossUnrealized" xlink:title="label: ForeignCurrencyTransactionGainLossUnrealized to label_ForeignCurrencyTransactionGainLossUnrealized"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="IncreaseDecreaseInOperatingCapitalAbstract" xlink:title="IncreaseDecreaseInOperatingCapitalAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInOperatingCapitalAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInOperatingCapitalAbstract" xml:lang="en-US" id="label_IncreaseDecreaseInOperatingCapitalAbstract">Changes in operating assets and liabilities net of acquisitions of business:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="label_IncreaseDecreaseInOperatingCapitalAbstract" xlink:title="label: IncreaseDecreaseInOperatingCapitalAbstract to label_IncreaseDecreaseInOperatingCapitalAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="IncreaseDecreaseInAccountsReceivable" xlink:title="IncreaseDecreaseInAccountsReceivable"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInAccountsReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInAccountsReceivable" xml:lang="en-US" id="label_IncreaseDecreaseInAccountsReceivable">Increase (decrease) in Accounts receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInAccountsReceivable" xlink:to="label_IncreaseDecreaseInAccountsReceivable" xlink:title="label: IncreaseDecreaseInAccountsReceivable to label_IncreaseDecreaseInAccountsReceivable"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInAccountsReceivable_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseDecreaseInAccountsReceivable" xml:lang="en-US" id="label_IncreaseDecreaseInAccountsReceivable_2">Accounts receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInAccountsReceivable" xlink:to="label_IncreaseDecreaseInAccountsReceivable_2" xlink:title="label: IncreaseDecreaseInAccountsReceivable to label_IncreaseDecreaseInAccountsReceivable"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="IncreaseDecreaseInInventories" xlink:title="IncreaseDecreaseInInventories"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInInventories" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseDecreaseInInventories" xml:lang="en-US" id="label_IncreaseDecreaseInInventories">Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInventories" xlink:to="label_IncreaseDecreaseInInventories" xlink:title="label: IncreaseDecreaseInInventories to label_IncreaseDecreaseInInventories"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInInventories_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInInventories" xml:lang="en-US" id="label_IncreaseDecreaseInInventories_2">Increase (decrease) in Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInventories" xlink:to="label_IncreaseDecreaseInInventories_2" xlink:title="label: IncreaseDecreaseInInventories to label_IncreaseDecreaseInInventories"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentAssets" xlink:label="IncreaseDecreaseInOtherCurrentAssets" xlink:title="IncreaseDecreaseInOtherCurrentAssets"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInOtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseDecreaseInOtherCurrentAssets" xml:lang="en-US" id="label_IncreaseDecreaseInOtherCurrentAssets">Other current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInOtherCurrentAssets" xlink:to="label_IncreaseDecreaseInOtherCurrentAssets" xlink:title="label: IncreaseDecreaseInOtherCurrentAssets to label_IncreaseDecreaseInOtherCurrentAssets"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInOtherCurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInOtherCurrentAssets" xml:lang="en-US" id="label_IncreaseDecreaseInOtherCurrentAssets_2">Increase (decrease) in Other current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInOtherCurrentAssets" xlink:to="label_IncreaseDecreaseInOtherCurrentAssets_2" xlink:title="label: IncreaseDecreaseInOtherCurrentAssets to label_IncreaseDecreaseInOtherCurrentAssets"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent" xlink:label="IncreaseDecreaseInDueToRelatedPartiesCurrent" xlink:title="IncreaseDecreaseInDueToRelatedPartiesCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInDueToRelatedPartiesCurrent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseDecreaseInDueToRelatedPartiesCurrent" xml:lang="en-US" id="label_IncreaseDecreaseInDueToRelatedPartiesCurrent">Amounts due to related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDueToRelatedPartiesCurrent" xlink:to="label_IncreaseDecreaseInDueToRelatedPartiesCurrent" xlink:title="label: IncreaseDecreaseInDueToRelatedPartiesCurrent to label_IncreaseDecreaseInDueToRelatedPartiesCurrent"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInDueToRelatedPartiesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInDueToRelatedPartiesCurrent" xml:lang="en-US" id="label_IncreaseDecreaseInDueToRelatedPartiesCurrent_2">Increase (decrease) in Due to related parties, Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDueToRelatedPartiesCurrent" xlink:to="label_IncreaseDecreaseInDueToRelatedPartiesCurrent_2" xlink:title="label: IncreaseDecreaseInDueToRelatedPartiesCurrent to label_IncreaseDecreaseInDueToRelatedPartiesCurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherNoncurrentAssets" xlink:label="IncreaseDecreaseInOtherNoncurrentAssets" xlink:title="IncreaseDecreaseInOtherNoncurrentAssets"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseDecreaseInOtherNoncurrentAssets" xml:lang="en-US" id="label_IncreaseDecreaseInOtherNoncurrentAssets">Other long term assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInOtherNoncurrentAssets" xlink:to="label_IncreaseDecreaseInOtherNoncurrentAssets" xlink:title="label: IncreaseDecreaseInOtherNoncurrentAssets to label_IncreaseDecreaseInOtherNoncurrentAssets"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInOtherNoncurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInOtherNoncurrentAssets" xml:lang="en-US" id="label_IncreaseDecreaseInOtherNoncurrentAssets_2">Increase (decrease) in other noncurrent assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInOtherNoncurrentAssets" xlink:to="label_IncreaseDecreaseInOtherNoncurrentAssets_2" xlink:title="label: IncreaseDecreaseInOtherNoncurrentAssets to label_IncreaseDecreaseInOtherNoncurrentAssets"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:title="IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xml:lang="en-US" id="label_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities">Accounts payable, accrued expenses and other liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:to="label_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:title="label: IncreaseDecreaseInAccountsPayableAndAccruedLiabilities to label_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xml:lang="en-US" id="label_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_2">Increase (decrease) Accounts payable, accrued expenses and other liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:to="label_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_2" xlink:title="label: IncreaseDecreaseInAccountsPayableAndAccruedLiabilities to label_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="NetCashProvidedByUsedInOperatingActivities" xlink:title="NetCashProvidedByUsedInOperatingActivities"/>
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US" id="label_NetCashProvidedByUsedInOperatingActivities">Net cash provided by (used in) operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInOperatingActivities" xlink:to="label_NetCashProvidedByUsedInOperatingActivities" xlink:title="label: NetCashProvidedByUsedInOperatingActivities to label_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xml:lang="en-US" id="label_NetCashProvidedByUsedInInvestingActivitiesAbstract">Investing activities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInInvestingActivitiesAbstract to label_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_DecreaseInRestrictedShorttermBankDeposits" xlink:label="IncreaseDecreaseInInterestBearingDepositsInBanks" xlink:title="IncreaseDecreaseInInterestBearingDepositsInBanks"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInInterestBearingDepositsInBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInInterestBearingDepositsInBanks" xml:lang="en-US" id="label_IncreaseDecreaseInInterestBearingDepositsInBanks">Decrease in restricted short-term bank deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInterestBearingDepositsInBanks" xlink:to="label_IncreaseDecreaseInInterestBearingDepositsInBanks" xlink:title="label: IncreaseDecreaseInInterestBearingDepositsInBanks to label_IncreaseDecreaseInInterestBearingDepositsInBanks"/>
    <link:label xlink:type="resource" xlink:label="label_DecreaseInRestrictedShorttermBankDeposits" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DecreaseInRestrictedShorttermBankDeposits" xml:lang="en-US" id="label_DecreaseInRestrictedShorttermBankDeposits">Maturity of unrestricted short-term bank deposits from financial institutions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInInterestBearingDepositsInBanks" xlink:to="label_DecreaseInRestrictedShorttermBankDeposits" xlink:title="label: DecreaseInRestrictedShorttermBankDeposits to label_DecreaseInRestrictedShorttermBankDeposits"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_IncreaseInUnrestrictedShorttermBankDeposits" xlink:label="IncreaseDecreaseInUnrestrictedShorttermBankDeposits" xlink:title="IncreaseDecreaseInUnrestrictedShorttermBankDeposits"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInUnrestrictedShorttermBankDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInUnrestrictedShorttermBankDeposits" xml:lang="en-US" id="label_IncreaseDecreaseInUnrestrictedShorttermBankDeposits">(Increase) in unrestricted short-term bank deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInUnrestrictedShorttermBankDeposits" xlink:to="label_IncreaseDecreaseInUnrestrictedShorttermBankDeposits" xlink:title="label: IncreaseDecreaseInUnrestrictedShorttermBankDeposits to label_IncreaseDecreaseInUnrestrictedShorttermBankDeposits"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseInUnrestrictedShorttermBankDeposits" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseInUnrestrictedShorttermBankDeposits" xml:lang="en-US" id="label_IncreaseInUnrestrictedShorttermBankDeposits">Placement of restricted short-term bank deposits to financial institutions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInUnrestrictedShorttermBankDeposits" xlink:to="label_IncreaseInUnrestrictedShorttermBankDeposits" xlink:title="label: IncreaseInUnrestrictedShorttermBankDeposits to label_IncreaseInUnrestrictedShorttermBankDeposits"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="NetCashProvidedByUsedInInvestingActivities" xlink:title="NetCashProvidedByUsedInInvestingActivities"/>
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US" id="label_NetCashProvidedByUsedInInvestingActivities">Net cash provided by (used in) investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivities" xlink:to="label_NetCashProvidedByUsedInInvestingActivities" xlink:title="label: NetCashProvidedByUsedInInvestingActivities to label_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireOtherProductiveAssets" xlink:label="PaymentsToAcquireOtherProductiveAssets" xlink:title="PaymentsToAcquireOtherProductiveAssets"/>
    <link:label xlink:type="resource" xlink:label="label_PaymentsToAcquireOtherProductiveAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireOtherProductiveAssets" xml:lang="en-US" id="label_PaymentsToAcquireOtherProductiveAssets">Purchases of other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireOtherProductiveAssets" xlink:to="label_PaymentsToAcquireOtherProductiveAssets" xlink:title="label: PaymentsToAcquireOtherProductiveAssets to label_PaymentsToAcquireOtherProductiveAssets"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleOfOtherProductiveAssets" xlink:label="ProceedsFromSaleOfOtherProductiveAssets" xlink:title="ProceedsFromSaleOfOtherProductiveAssets"/>
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromSaleOfOtherProductiveAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfOtherProductiveAssets" xml:lang="en-US" id="label_ProceedsFromSaleOfOtherProductiveAssets">Proceeds from disposal of other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfOtherProductiveAssets" xlink:to="label_ProceedsFromSaleOfOtherProductiveAssets" xlink:title="label: ProceedsFromSaleOfOtherProductiveAssets to label_ProceedsFromSaleOfOtherProductiveAssets"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleOfEquityMethodInvestments" xlink:label="ProceedsFromSaleOfEquityMethodInvestments" xlink:title="ProceedsFromSaleOfEquityMethodInvestments"/>
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromSaleOfEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfEquityMethodInvestments" xml:lang="en-US" id="label_ProceedsFromSaleOfEquityMethodInvestments">Decrease in investment in equity investee</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfEquityMethodInvestments" xlink:to="label_ProceedsFromSaleOfEquityMethodInvestments" xlink:title="label: ProceedsFromSaleOfEquityMethodInvestments to label_ProceedsFromSaleOfEquityMethodInvestments"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:title="ProceedsFromSaleOfPropertyPlantAndEquipment"/>
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfPropertyPlantAndEquipment" xml:lang="en-US" id="label_ProceedsFromSaleOfPropertyPlantAndEquipment">Proceeds from disposal of property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:to="label_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:title="label: ProceedsFromSaleOfPropertyPlantAndEquipment to label_ProceedsFromSaleOfPropertyPlantAndEquipment"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="PaymentsToAcquirePropertyPlantAndEquipment" xlink:title="PaymentsToAcquirePropertyPlantAndEquipment"/>
    <link:label xlink:type="resource" xlink:label="label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquirePropertyPlantAndEquipment" xml:lang="en-US" id="label_PaymentsToAcquirePropertyPlantAndEquipment">Purchases of property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="label_PaymentsToAcquirePropertyPlantAndEquipment" xlink:title="label: PaymentsToAcquirePropertyPlantAndEquipment to label_PaymentsToAcquirePropertyPlantAndEquipment"/>
    <link:label xlink:type="resource" xlink:label="label_PaymentsToAcquirePropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsToAcquirePropertyPlantAndEquipment" xml:lang="en-US" id="label_PaymentsToAcquirePropertyPlantAndEquipment_2">Purchases of property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="label_PaymentsToAcquirePropertyPlantAndEquipment_2" xlink:title="label: PaymentsToAcquirePropertyPlantAndEquipment to label_PaymentsToAcquirePropertyPlantAndEquipment"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="NetCashProvidedByUsedInFinancingActivities" xlink:title="NetCashProvidedByUsedInFinancingActivities"/>
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US" id="label_NetCashProvidedByUsedInFinancingActivities">Net cash (used in) provided by financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivities" xlink:to="label_NetCashProvidedByUsedInFinancingActivities" xlink:title="label: NetCashProvidedByUsedInFinancingActivities to label_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromBankDebt" xlink:label="ProceedsFromBankDebt" xlink:title="ProceedsFromBankDebt"/>
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromBankDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromBankDebt" xml:lang="en-US" id="label_ProceedsFromBankDebt">Proceeds from bank loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromBankDebt" xlink:to="label_ProceedsFromBankDebt" xlink:title="label: ProceedsFromBankDebt to label_ProceedsFromBankDebt"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RepaymentsOfBankDebt" xlink:label="RepaymentsOfBankDebt" xlink:title="RepaymentsOfBankDebt"/>
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfBankDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfBankDebt" xml:lang="en-US" id="label_RepaymentsOfBankDebt">Repayments of bank loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfBankDebt" xlink:to="label_RepaymentsOfBankDebt" xlink:title="label: RepaymentsOfBankDebt to label_RepaymentsOfBankDebt"/>
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfBankDebt_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RepaymentsOfBankDebt" xml:lang="en-US" id="label_RepaymentsOfBankDebt_2">Repayments of bank loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfBankDebt" xlink:to="label_RepaymentsOfBankDebt_2" xlink:title="label: RepaymentsOfBankDebt to label_RepaymentsOfBankDebt"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xml:lang="en-US" id="label_NetCashProvidedByUsedInFinancingActivitiesAbstract">Financing activities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInFinancingActivitiesAbstract to label_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="EffectOfExchangeRateOnCashAndCashEquivalents" xlink:title="EffectOfExchangeRateOnCashAndCashEquivalents"/>
    <link:label xlink:type="resource" xlink:label="label_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EffectOfExchangeRateOnCashAndCashEquivalents" xml:lang="en-US" id="label_EffectOfExchangeRateOnCashAndCashEquivalents">Effect of exchange rate changes on cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfExchangeRateOnCashAndCashEquivalents" xlink:to="label_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:title="label: EffectOfExchangeRateOnCashAndCashEquivalents to label_EffectOfExchangeRateOnCashAndCashEquivalents"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="CashAndCashEquivalentsPeriodIncreaseDecrease"/>
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xml:lang="en-US" id="label_CashAndCashEquivalentsPeriodIncreaseDecrease">Net increase in cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="label: CashAndCashEquivalentsPeriodIncreaseDecrease to label_CashAndCashEquivalentsPeriodIncreaseDecrease"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestPaid" xlink:label="InterestPaid" xlink:title="InterestPaid"/>
    <link:label xlink:type="resource" xlink:label="label_InterestPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPaid" xml:lang="en-US" id="label_InterestPaid">Cash paid for interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaid" xlink:to="label_InterestPaid" xlink:title="label: InterestPaid to label_InterestPaid"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="IncomeTaxesPaidNet" xlink:title="IncomeTaxesPaidNet"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxesPaidNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxesPaidNet" xml:lang="en-US" id="label_IncomeTaxesPaidNet">Cash paid for income taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxesPaidNet" xlink:to="label_IncomeTaxesPaidNet" xlink:title="label: IncomeTaxesPaidNet to label_IncomeTaxesPaidNet"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="SupplementalCashFlowInformationAbstract" xlink:title="SupplementalCashFlowInformationAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_SupplementalCashFlowInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SupplementalCashFlowInformationAbstract" xml:lang="en-US" id="label_SupplementalCashFlowInformationAbstract">Supplemental disclosure of cash flow information:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SupplementalCashFlowInformationAbstract" xlink:to="label_SupplementalCashFlowInformationAbstract" xlink:title="label: SupplementalCashFlowInformationAbstract to label_SupplementalCashFlowInformationAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss" xlink:label="AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss" xlink:title="AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss"/>
    <link:label xlink:type="resource" xlink:label="label_AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss" xml:lang="en-US" id="label_AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss">Unrealized loss on available-for-sale securities, income tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss" xlink:to="label_AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss" xlink:title="label: AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss to label_AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="PropertyPlantAndEquipmentNet" xlink:title="PropertyPlantAndEquipmentNet"/>
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentNet" xml:lang="en-US" id="label_PropertyPlantAndEquipmentNet">Property, plant and equipment, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentNet" xlink:to="label_PropertyPlantAndEquipmentNet" xlink:title="label: PropertyPlantAndEquipmentNet to label_PropertyPlantAndEquipmentNet"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostOfRevenue" xlink:label="CostOfRevenue" xlink:title="CostOfRevenue"/>
    <link:label xlink:type="resource" xlink:label="label_CostOfRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfRevenue" xml:lang="en-US" id="label_CostOfRevenue">Cost of sales, total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfRevenue" xlink:to="label_CostOfRevenue" xlink:title="label: CostOfRevenue to label_CostOfRevenue"/>
    <link:label xlink:type="resource" xlink:label="label_CostOfRevenue_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CostOfRevenue" xml:lang="en-US" id="label_CostOfRevenue_2">Cost of sales, total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfRevenue" xlink:to="label_CostOfRevenue_2" xlink:title="label: CostOfRevenue to label_CostOfRevenue"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:title="OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xml:lang="en-US" id="label_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">ORGANIZATION AND PRINCIPAL ACTIVITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="label_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:title="label: OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract to label_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xlink:label="OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xlink:title="OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xml:lang="en-US" id="label_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock">ORGANIZATION AND PRINCIPAL ACTIVITIES [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xlink:to="label_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xlink:title="label: OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock to label_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xml:lang="en-US" id="label_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_2">ORGANIZATION AND PRINCIPAL ACTIVITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xlink:to="label_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_2" xlink:title="label: OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock to label_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BasisOfAccounting" xlink:label="BasisOfAccounting" xlink:title="BasisOfAccounting"/>
    <link:label xlink:type="resource" xlink:label="label_BasisOfAccounting" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BasisOfAccounting" xml:lang="en-US" id="label_BasisOfAccounting">BASIS OF PRESENTATION [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasisOfAccounting" xlink:to="label_BasisOfAccounting" xlink:title="label: BasisOfAccounting to label_BasisOfAccounting"/>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasisOfAccounting" xlink:to="label_BasisOfAccounting_2" xlink:title="label: BasisOfAccounting to label_BasisOfAccounting"/>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:label="InvestmentsDebtAndEquitySecuritiesAbstract" xlink:title="InvestmentsDebtAndEquitySecuritiesAbstract"/>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:to="label_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_2" xlink:title="label: DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock to label_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:title="DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xml:lang="en-US" id="label_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract">FINANCIAL INSTRUMENTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:to="label_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:title="label: DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract to label_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:label="ConcentrationRiskDisclosureTextBlock" xlink:title="ConcentrationRiskDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_ConcentrationRiskDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConcentrationRiskDisclosureTextBlock" xml:lang="en-US" id="label_ConcentrationRiskDisclosureTextBlock">Concentration Risk Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConcentrationRiskDisclosureTextBlock" xlink:to="label_ConcentrationRiskDisclosureTextBlock" xlink:title="label: ConcentrationRiskDisclosureTextBlock to label_ConcentrationRiskDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_ConcentrationRiskDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ConcentrationRiskDisclosureTextBlock" xml:lang="en-US" id="label_ConcentrationRiskDisclosureTextBlock_2">CONCENTRATIONS OF RISKS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConcentrationRiskDisclosureTextBlock" xlink:to="label_ConcentrationRiskDisclosureTextBlock_2" xlink:title="label: ConcentrationRiskDisclosureTextBlock to label_ConcentrationRiskDisclosureTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RisksAndUncertaintiesAbstract" xlink:label="RisksAndUncertaintiesAbstract" xlink:title="RisksAndUncertaintiesAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_RisksAndUncertaintiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RisksAndUncertaintiesAbstract" xml:lang="en-US" id="label_RisksAndUncertaintiesAbstract">CONCENTRATIONS OF RISKS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RisksAndUncertaintiesAbstract" xlink:to="label_RisksAndUncertaintiesAbstract" xlink:title="label: RisksAndUncertaintiesAbstract to label_RisksAndUncertaintiesAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="RelatedPartyTransactionsDisclosureTextBlock" xlink:title="RelatedPartyTransactionsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyTransactionsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionsDisclosureTextBlock" xml:lang="en-US" id="label_RelatedPartyTransactionsDisclosureTextBlock">Related Party Transactions Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsDisclosureTextBlock" xlink:to="label_RelatedPartyTransactionsDisclosureTextBlock" xlink:title="label: RelatedPartyTransactionsDisclosureTextBlock to label_RelatedPartyTransactionsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyTransactionsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RelatedPartyTransactionsDisclosureTextBlock" xml:lang="en-US" id="label_RelatedPartyTransactionsDisclosureTextBlock_2">RELATED PARTY BALANCES AND TRANSACTIONS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsDisclosureTextBlock" xlink:to="label_RelatedPartyTransactionsDisclosureTextBlock_2" xlink:title="label: RelatedPartyTransactionsDisclosureTextBlock to label_RelatedPartyTransactionsDisclosureTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="RelatedPartyTransactionsAbstract" xlink:title="RelatedPartyTransactionsAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionsAbstract" xml:lang="en-US" id="label_RelatedPartyTransactionsAbstract">RELATED PARTY BALANCES AND TRANSACTIONS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsAbstract" xlink:to="label_RelatedPartyTransactionsAbstract" xlink:title="label: RelatedPartyTransactionsAbstract to label_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:label="PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:title="PensionAndOtherPostretirementBenefitsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xml:lang="en-US" id="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock">Pension and Other Postretirement Benefits Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:to="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:title="label: PensionAndOtherPostretirementBenefitsDisclosureTextBlock to label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xml:lang="en-US" id="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_2">DEFINED CONTRIBUTION AND BENEFIT PLANS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:to="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_2" xlink:title="label: PensionAndOtherPostretirementBenefitsDisclosureTextBlock to label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="CompensationAndRetirementDisclosureAbstract" xlink:title="CompensationAndRetirementDisclosureAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_CompensationAndRetirementDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CompensationAndRetirementDisclosureAbstract" xml:lang="en-US" id="label_CompensationAndRetirementDisclosureAbstract">DEFINED CONTRIBUTION AND BENEFIT PLANS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensationAndRetirementDisclosureAbstract" xlink:to="label_CompensationAndRetirementDisclosureAbstract" xlink:title="label: CompensationAndRetirementDisclosureAbstract to label_CompensationAndRetirementDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="SegmentReportingDisclosureTextBlock" xlink:title="SegmentReportingDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_SegmentReportingDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentReportingDisclosureTextBlock" xml:lang="en-US" id="label_SegmentReportingDisclosureTextBlock">Segment Reporting Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentReportingDisclosureTextBlock" xlink:to="label_SegmentReportingDisclosureTextBlock" xlink:title="label: SegmentReportingDisclosureTextBlock to label_SegmentReportingDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_SegmentReportingDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SegmentReportingDisclosureTextBlock" xml:lang="en-US" id="label_SegmentReportingDisclosureTextBlock_2">SEGMENT FINANCIAL INFORMATION</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentReportingDisclosureTextBlock" xlink:to="label_SegmentReportingDisclosureTextBlock_2" xlink:title="label: SegmentReportingDisclosureTextBlock to label_SegmentReportingDisclosureTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="SegmentReportingAbstract" xlink:title="SegmentReportingAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_SegmentReportingAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentReportingAbstract" xml:lang="en-US" id="label_SegmentReportingAbstract">SEGMENT FINANCIAL INFORMATION</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentReportingAbstract" xlink:to="label_SegmentReportingAbstract" xlink:title="label: SegmentReportingAbstract to label_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAbstract" xlink:label="EquityMethodInvestmentSummarizedFinancialInformationAbstract" xlink:title="EquityMethodInvestmentSummarizedFinancialInformationAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestmentSummarizedFinancialInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentSummarizedFinancialInformationAbstract" xml:lang="en-US" id="label_EquityMethodInvestmentSummarizedFinancialInformationAbstract">SUMMARIZED FINANCIAL INFORMATION OF EQUITY INVESTEES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentSummarizedFinancialInformationAbstract" xlink:to="label_EquityMethodInvestmentSummarizedFinancialInformationAbstract" xlink:title="label: EquityMethodInvestmentSummarizedFinancialInformationAbstract to label_EquityMethodInvestmentSummarizedFinancialInformationAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:label="EquityMethodInvestmentsDisclosureTextBlock" xlink:title="EquityMethodInvestmentsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestmentsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentsDisclosureTextBlock" xml:lang="en-US" id="label_EquityMethodInvestmentsDisclosureTextBlock">Equity Method Investments Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentsDisclosureTextBlock" xlink:to="label_EquityMethodInvestmentsDisclosureTextBlock" xlink:title="label: EquityMethodInvestmentsDisclosureTextBlock to label_EquityMethodInvestmentsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestmentsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EquityMethodInvestmentsDisclosureTextBlock" xml:lang="en-US" id="label_EquityMethodInvestmentsDisclosureTextBlock_2">SUMMARIZED FINANCIAL INFORMATION OF EQUITY INVESTEES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentsDisclosureTextBlock" xlink:to="label_EquityMethodInvestmentsDisclosureTextBlock_2" xlink:title="label: EquityMethodInvestmentsDisclosureTextBlock to label_EquityMethodInvestmentsDisclosureTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="CommonStockSharesOutstanding" xlink:title="CommonStockSharesOutstanding"/>
    <link:label xlink:type="resource" xlink:label="label_CommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockSharesOutstanding" xml:lang="en-US" id="label_CommonStockSharesOutstanding">Issued and outstanding shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockSharesOutstanding" xlink:to="label_CommonStockSharesOutstanding" xlink:title="label: CommonStockSharesOutstanding to label_CommonStockSharesOutstanding"/>
    <link:label xlink:type="resource" xlink:label="label_CommonStockSharesOutstanding_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CommonStockSharesOutstanding" xml:lang="en-US" id="label_CommonStockSharesOutstanding_2">Basic and diluted weighted average common shares outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockSharesOutstanding" xlink:to="label_CommonStockSharesOutstanding_2" xlink:title="label: CommonStockSharesOutstanding to label_CommonStockSharesOutstanding"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_UnrestrictedShorttermBankDeposits" xlink:label="UnrestrictedShorttermBankDeposits" xlink:title="UnrestrictedShorttermBankDeposits"/>
    <link:label xlink:type="resource" xlink:label="label_UnrestrictedShorttermBankDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnrestrictedShorttermBankDeposits" xml:lang="en-US" id="label_UnrestrictedShorttermBankDeposits">Unrestricted Short-term bank deposits (note 5)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrestrictedShorttermBankDeposits" xlink:to="label_UnrestrictedShorttermBankDeposits" xlink:title="label: UnrestrictedShorttermBankDeposits to label_UnrestrictedShorttermBankDeposits"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_ChargesRelatedToFlooding" xlink:label="ChargesRelatedToFlooding" xlink:title="ChargesRelatedToFlooding"/>
    <link:label xlink:type="resource" xlink:label="label_ChargesRelatedToFlooding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChargesRelatedToFlooding" xml:lang="en-US" id="label_ChargesRelatedToFlooding">Charges related to flooding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChargesRelatedToFlooding" xlink:to="label_ChargesRelatedToFlooding" xlink:title="label: ChargesRelatedToFlooding to label_ChargesRelatedToFlooding"/>
    <link:label xlink:type="resource" xlink:label="label_ChargesRelatedToFlooding_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ChargesRelatedToFlooding" xml:lang="en-US" id="label_ChargesRelatedToFlooding_2">Charges related to flooding (note 14)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChargesRelatedToFlooding" xlink:to="label_ChargesRelatedToFlooding_2" xlink:title="label: ChargesRelatedToFlooding to label_ChargesRelatedToFlooding"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="GoodwillImpairmentLoss" xlink:title="GoodwillImpairmentLoss"/>
    <link:label xlink:type="resource" xlink:label="label_GoodwillImpairmentLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GoodwillImpairmentLoss" xml:lang="en-US" id="label_GoodwillImpairmentLoss">Impairment of goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillImpairmentLoss" xlink:to="label_GoodwillImpairmentLoss" xlink:title="label: GoodwillImpairmentLoss to label_GoodwillImpairmentLoss"/>
    <link:label xlink:type="resource" xlink:label="label_GoodwillImpairmentLoss_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_GoodwillImpairmentLoss" xml:lang="en-US" id="label_GoodwillImpairmentLoss_2">Impairment of goodwill (note 6)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillImpairmentLoss" xlink:to="label_GoodwillImpairmentLoss_2" xlink:title="label: GoodwillImpairmentLoss to label_GoodwillImpairmentLoss"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax" xlink:label="DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax" xlink:title="DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax"/>
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax" xml:lang="en-US" id="label_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax">Income from operations of discontinued SPFO (including gain on disposal of $1,962 for the year ended December 31, 2011, purchases from related parties amounting to $nil, $4 and $317, and sales to related parties amounting to $nil, $54 and $693 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17))</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax" xlink:to="label_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax" xlink:title="label: DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax to label_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:label="DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:title="DiscontinuedOperationTaxEffectOfDiscontinuedOperation"/>
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xml:lang="en-US" id="label_DiscontinuedOperationTaxEffectOfDiscontinuedOperation">Income taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:to="label_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:title="label: DiscontinuedOperationTaxEffectOfDiscontinuedOperation to label_DiscontinuedOperationTaxEffectOfDiscontinuedOperation"/>
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xml:lang="en-US" id="label_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_2">Discontinued Operation, Tax Effect of Discontinued Operation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:to="label_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_2" xlink:title="label: DiscontinuedOperationTaxEffectOfDiscontinuedOperation to label_DiscontinuedOperationTaxEffectOfDiscontinuedOperation"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTax"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeLossFromDiscontinuedOperationsNetOfTax" xml:lang="en-US" id="label_IncomeLossFromDiscontinuedOperationsNetOfTax">(Loss) Income from discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:to="label_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:title="label: IncomeLossFromDiscontinuedOperationsNetOfTax to label_IncomeLossFromDiscontinuedOperationsNetOfTax"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare" xlink:label="IncomeLossFromContinuingOperationsPerBasicAndDilutedShare" xlink:title="IncomeLossFromContinuingOperationsPerBasicAndDilutedShare"/>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromContinuingOperationsPerBasicAndDilutedShare" xlink:to="label_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare" xlink:title="label: IncomeLossFromContinuingOperationsPerBasicAndDilutedShare to label_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare" xlink:label="IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare" xml:lang="en-US" id="label_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare">Basic and diluted earnings (loss) per share from discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare" xlink:to="label_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare" xlink:title="label: IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare to label_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareBasicAndDiluted" xlink:label="EarningsPerShareBasicAndDiluted" xlink:title="EarningsPerShareBasicAndDiluted"/>
    <link:label xlink:type="resource" xlink:label="label_EarningsPerShareBasicAndDiluted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EarningsPerShareBasicAndDiluted" xml:lang="en-US" id="label_EarningsPerShareBasicAndDiluted">Basic and diluted earnings (loss) per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareBasicAndDiluted" xlink:to="label_EarningsPerShareBasicAndDiluted" xlink:title="label: EarningsPerShareBasicAndDiluted to label_EarningsPerShareBasicAndDiluted"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:label="DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:title="DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax"/>
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xml:lang="en-US" id="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax">Gain on disposal</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:to="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:title="label: DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax to label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax"/>
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xml:lang="en-US" id="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_2">Gain on disposal of subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:to="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_2" xlink:title="label: DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax to label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax"/>
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xml:lang="en-US" id="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_3">Gain on disposal</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:to="label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_3" xlink:title="label: DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax to label_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="PaymentsOfDividends" xlink:title="PaymentsOfDividends"/>
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfDividends" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfDividends" xml:lang="en-US" id="label_PaymentsOfDividends">Dividend paid during the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividends" xlink:to="label_PaymentsOfDividends" xlink:title="label: PaymentsOfDividends to label_PaymentsOfDividends"/>
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfDividends_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfDividends" xml:lang="en-US" id="label_PaymentsOfDividends_2">Dividend paid during the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividends" xlink:to="label_PaymentsOfDividends_2" xlink:title="label: PaymentsOfDividends to label_PaymentsOfDividends"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:label="GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:title="GoodwillAndIntangibleAssetsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GoodwillAndIntangibleAssetsDisclosureTextBlock" xml:lang="en-US" id="label_GoodwillAndIntangibleAssetsDisclosureTextBlock">Goodwill [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:to="label_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:title="label: GoodwillAndIntangibleAssetsDisclosureTextBlock to label_GoodwillAndIntangibleAssetsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_GoodwillAndIntangibleAssetsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GoodwillAndIntangibleAssetsDisclosureTextBlock" xml:lang="en-US" id="label_GoodwillAndIntangibleAssetsDisclosureTextBlock_2">GOODWILL</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:to="label_GoodwillAndIntangibleAssetsDisclosureTextBlock_2" xlink:title="label: GoodwillAndIntangibleAssetsDisclosureTextBlock to label_GoodwillAndIntangibleAssetsDisclosureTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:title="GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_GoodwillAndIntangibleAssetsDisclosureAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GoodwillAndIntangibleAssetsDisclosureAbstract" xml:lang="en-US" id="label_GoodwillAndIntangibleAssetsDisclosureAbstract_2">GOODWILL [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:to="label_GoodwillAndIntangibleAssetsDisclosureAbstract_2" xlink:title="label: GoodwillAndIntangibleAssetsDisclosureAbstract to label_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_UnusualOrInfrequentItemsDisclosureTextBlock" xlink:label="UnusualOrInfrequentItemsDisclosureTextBlock" xlink:title="UnusualOrInfrequentItemsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_UnusualOrInfrequentItemsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnusualOrInfrequentItemsDisclosureTextBlock" xml:lang="en-US" id="label_UnusualOrInfrequentItemsDisclosureTextBlock">Unusual or Infrequent Items Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusualOrInfrequentItemsDisclosureTextBlock" xlink:to="label_UnusualOrInfrequentItemsDisclosureTextBlock" xlink:title="label: UnusualOrInfrequentItemsDisclosureTextBlock to label_UnusualOrInfrequentItemsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_UnusualOrInfrequentItemsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_UnusualOrInfrequentItemsDisclosureTextBlock" xml:lang="en-US" id="label_UnusualOrInfrequentItemsDisclosureTextBlock_2">FLOODING IN THAILAND</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusualOrInfrequentItemsDisclosureTextBlock" xlink:to="label_UnusualOrInfrequentItemsDisclosureTextBlock_2" xlink:title="label: UnusualOrInfrequentItemsDisclosureTextBlock to label_UnusualOrInfrequentItemsDisclosureTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ExtraordinaryAndUnusualItemsAbstract" xlink:label="ExtraordinaryAndUnusualItemsAbstract" xlink:title="ExtraordinaryAndUnusualItemsAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_ExtraordinaryAndUnusualItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtraordinaryAndUnusualItemsAbstract" xml:lang="en-US" id="label_ExtraordinaryAndUnusualItemsAbstract">FLOODING IN THAILAND</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraordinaryAndUnusualItemsAbstract" xlink:to="label_ExtraordinaryAndUnusualItemsAbstract" xlink:title="label: ExtraordinaryAndUnusualItemsAbstract to label_ExtraordinaryAndUnusualItemsAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:label="DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:title="DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xml:lang="en-US" id="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock">Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:to="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:title="label: DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock to label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xml:lang="en-US" id="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_2">DISCONTINUED OPERATIONS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:to="label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_2" xlink:title="label: DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock to label_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:title="DiscontinuedOperationsAndDisposalGroupsAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiscontinuedOperationsAndDisposalGroupsAbstract" xml:lang="en-US" id="label_DiscontinuedOperationsAndDisposalGroupsAbstract">DISCONTINUED OPERATIONS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:to="label_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:title="label: DiscontinuedOperationsAndDisposalGroupsAbstract to label_DiscontinuedOperationsAndDisposalGroupsAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PensionContributions" xlink:label="PensionContributions" xlink:title="PensionContributions"/>
    <link:label xlink:type="resource" xlink:label="label_PensionContributions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PensionContributions" xml:lang="en-US" id="label_PensionContributions">Pension liability adjustments (note 18)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionContributions" xlink:to="label_PensionContributions" xlink:title="label: PensionContributions to label_PensionContributions"/>
    <link:label xlink:type="resource" xlink:label="label_PensionContributions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PensionContributions" xml:lang="en-US" id="label_PensionContributions_2">Pension contribution</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionContributions" xlink:to="label_PensionContributions_2" xlink:title="label: PensionContributions to label_PensionContributions"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesNoncurrentAbstract" xlink:label="LiabilitiesNoncurrentAbstract" xlink:title="LiabilitiesNoncurrentAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesNoncurrentAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LiabilitiesNoncurrentAbstract" xml:lang="en-US" id="label_LiabilitiesNoncurrentAbstract">Non-current liabilities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesNoncurrentAbstract" xlink:to="label_LiabilitiesNoncurrentAbstract" xlink:title="label: LiabilitiesNoncurrentAbstract to label_LiabilitiesNoncurrentAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesNoncurrentAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesNoncurrentAbstract" xml:lang="en-US" id="label_LiabilitiesNoncurrentAbstract_2">Liabilities, Non-current [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesNoncurrentAbstract" xlink:to="label_LiabilitiesNoncurrentAbstract_2" xlink:title="label: LiabilitiesNoncurrentAbstract to label_LiabilitiesNoncurrentAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="LiabilitiesNoncurrent" xlink:title="LiabilitiesNoncurrent"/>
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesNoncurrent" xml:lang="en-US" id="label_LiabilitiesNoncurrent">Total non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesNoncurrent" xlink:to="label_LiabilitiesNoncurrent" xlink:title="label: LiabilitiesNoncurrent to label_LiabilitiesNoncurrent"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments" xlink:label="AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments" xlink:title="AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments"/>
    <link:label xlink:type="resource" xlink:label="label_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments" xml:lang="en-US" id="label_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments">Loss on disposal of available-for-sale securities (note 7)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments" xlink:to="label_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments" xlink:title="label: AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments to label_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments"/>
    <link:label xlink:type="resource" xlink:label="label_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments" xml:lang="en-US" id="label_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments_2">Loss on disposal of available-for-sale securities (note 7)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments" xlink:to="label_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments_2" xlink:title="label: AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments to label_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProfitLoss" xlink:label="ProfitLoss" xlink:title="ProfitLoss"/>
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLoss" xml:lang="en-US" id="label_ProfitLoss">Net income (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss" xlink:title="label: ProfitLoss to label_ProfitLoss"/>
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProfitLoss" xml:lang="en-US" id="label_ProfitLoss_2">Net income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss_2" xlink:title="label: ProfitLoss to label_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:label="IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:title="IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xml:lang="en-US" id="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract">Discontinued operations (note 19)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:to="label_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:title="label: IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract to label_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="RelatedPartyTransactionsByRelatedPartyAxis" xlink:title="RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyTransactionsByRelatedPartyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionsByRelatedPartyAxis" xml:lang="en-US" id="label_RelatedPartyTransactionsByRelatedPartyAxis">Related party transactions [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="label_RelatedPartyTransactionsByRelatedPartyAxis" xlink:title="label: RelatedPartyTransactionsByRelatedPartyAxis to label_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="RelatedPartyTransactionLineItems" xlink:title="RelatedPartyTransactionLineItems"/>
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyTransactionLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionLineItems" xml:lang="en-US" id="label_RelatedPartyTransactionLineItems">Related party transactions [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionLineItems" xlink:to="label_RelatedPartyTransactionLineItems" xlink:title="label: RelatedPartyTransactionLineItems to label_RelatedPartyTransactionLineItems"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:title="ScheduleOfRelatedPartyTransactionsByRelatedPartyTable"/>
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xml:lang="en-US" id="label_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable">Related party transactions [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="label_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:title="label: ScheduleOfRelatedPartyTransactionsByRelatedPartyTable to label_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_ManufacturedProductsMember" xlink:label="ManufacturedProductsMember" xlink:title="ManufacturedProductsMember"/>
    <link:label xlink:type="resource" xlink:label="label_ManufacturedProductsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManufacturedProductsMember" xml:lang="en-US" id="label_ManufacturedProductsMember">Manufactured products [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManufacturedProductsMember" xlink:to="label_ManufacturedProductsMember" xlink:title="label: ManufacturedProductsMember to label_ManufacturedProductsMember"/>
    <link:label xlink:type="resource" xlink:label="label_ManufacturedProductsMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ManufacturedProductsMember" xml:lang="en-US" id="label_ManufacturedProductsMember_2">Manufactured products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManufacturedProductsMember" xlink:to="label_ManufacturedProductsMember_2" xlink:title="label: ManufacturedProductsMember to label_ManufacturedProductsMember"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_RelatedPartyTransactionByProductDomain" xlink:label="RelatedPartyTransactionByProductDomain" xlink:title="RelatedPartyTransactionByProductDomain"/>
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyTransactionByProductDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionByProductDomain" xml:lang="en-US" id="label_RelatedPartyTransactionByProductDomain">Related party transaction by product [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionByProductDomain" xlink:to="label_RelatedPartyTransactionByProductDomain" xlink:title="label: RelatedPartyTransactionByProductDomain to label_RelatedPartyTransactionByProductDomain"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_DistributedProductsMember" xlink:label="DistributedProductsMember" xlink:title="DistributedProductsMember"/>
    <link:label xlink:type="resource" xlink:label="label_DistributedProductsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DistributedProductsMember" xml:lang="en-US" id="label_DistributedProductsMember">Distributed products [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DistributedProductsMember" xlink:to="label_DistributedProductsMember" xlink:title="label: DistributedProductsMember to label_DistributedProductsMember"/>
    <link:label xlink:type="resource" xlink:label="label_DistributedProductsMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DistributedProductsMember" xml:lang="en-US" id="label_DistributedProductsMember_2">Distributed products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DistributedProductsMember" xlink:to="label_DistributedProductsMember_2" xlink:title="label: DistributedProductsMember to label_DistributedProductsMember"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_DiscontinuedOperationMember" xlink:label="DiscontinuedOperationMember" xlink:title="DiscontinuedOperationMember"/>
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiscontinuedOperationMember" xml:lang="en-US" id="label_DiscontinuedOperationMember">Discontinued Operation [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationMember" xlink:to="label_DiscontinuedOperationMember" xlink:title="label: DiscontinuedOperationMember to label_DiscontinuedOperationMember"/>
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DiscontinuedOperationMember" xml:lang="en-US" id="label_DiscontinuedOperationMember_2">Discontinued operation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationMember" xlink:to="label_DiscontinuedOperationMember_2" xlink:title="label: DiscontinuedOperationMember to label_DiscontinuedOperationMember"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_DisposalOfASubsidiary" xlink:label="DisposalOfASubsidiry" xlink:title="DisposalOfASubsidiry"/>
    <link:label xlink:type="resource" xlink:label="label_DisposalOfASubsidiry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalOfASubsidiry" xml:lang="en-US" id="label_DisposalOfASubsidiry">Disposal of a subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalOfASubsidiry" xlink:to="label_DisposalOfASubsidiry" xlink:title="label: DisposalOfASubsidiry to label_DisposalOfASubsidiry"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ParentMember" xlink:label="ParentMember" xlink:title="ParentMember"/>
    <link:label xlink:type="resource" xlink:label="label_ParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ParentMember" xml:lang="en-US" id="label_ParentMember">Parent [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParentMember" xlink:to="label_ParentMember" xlink:title="label: ParentMember to label_ParentMember"/>
    <link:label xlink:type="resource" xlink:label="label_ParentMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ParentMember" xml:lang="en-US" id="label_ParentMember_2">Total APWC shareholders&#146; equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParentMember" xlink:to="label_ParentMember_2" xlink:title="label: ParentMember to label_ParentMember"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="NoncontrollingInterestMember" xlink:title="NoncontrollingInterestMember"/>
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestMember" xml:lang="en-US" id="label_NoncontrollingInterestMember">Non-controlling interests [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestMember" xlink:to="label_NoncontrollingInterestMember" xlink:title="label: NoncontrollingInterestMember to label_NoncontrollingInterestMember"/>
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncontrollingInterestMember" xml:lang="en-US" id="label_NoncontrollingInterestMember_2">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestMember" xlink:to="label_NoncontrollingInterestMember_2" xlink:title="label: NoncontrollingInterestMember to label_NoncontrollingInterestMember"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_IncreaseInRestrictedShorttermBankDeposits" xlink:label="IncreaseInRestrictedShorttermBankDeposits" xlink:title="IncreaseInRestrictedShorttermBankDeposits"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseInRestrictedShorttermBankDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseInRestrictedShorttermBankDeposits" xml:lang="en-US" id="label_IncreaseInRestrictedShorttermBankDeposits">(Increase) in restricted short-term bank deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInRestrictedShorttermBankDeposits" xlink:to="label_IncreaseInRestrictedShorttermBankDeposits" xlink:title="label: IncreaseInRestrictedShorttermBankDeposits to label_IncreaseInRestrictedShorttermBankDeposits"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseInRestrictedShorttermBankDeposits_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseInRestrictedShorttermBankDeposits" xml:lang="en-US" id="label_IncreaseInRestrictedShorttermBankDeposits_2">Placement of unrestricted short-term bank deposits to financial institutions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInRestrictedShorttermBankDeposits" xlink:to="label_IncreaseInRestrictedShorttermBankDeposits_2" xlink:title="label: IncreaseInRestrictedShorttermBankDeposits to label_IncreaseInRestrictedShorttermBankDeposits"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_DecreaseInUnrestrictedShorttermBankDeposits" xlink:label="DecreaseInUnrestrictedShorttermBankDeposits" xlink:title="DecreaseInUnrestrictedShorttermBankDeposits"/>
    <link:label xlink:type="resource" xlink:label="label_DecreaseInUnrestrictedShorttermBankDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseInUnrestrictedShorttermBankDeposits" xml:lang="en-US" id="label_DecreaseInUnrestrictedShorttermBankDeposits">Decrease in unrestricted short-term bank deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInUnrestrictedShorttermBankDeposits" xlink:to="label_DecreaseInUnrestrictedShorttermBankDeposits" xlink:title="label: DecreaseInUnrestrictedShorttermBankDeposits to label_DecreaseInUnrestrictedShorttermBankDeposits"/>
    <link:label xlink:type="resource" xlink:label="label_DecreaseInUnrestrictedShorttermBankDeposits_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DecreaseInUnrestrictedShorttermBankDeposits" xml:lang="en-US" id="label_DecreaseInUnrestrictedShorttermBankDeposits_2">Maturity of restricted short-term bank deposits from financial institutions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInUnrestrictedShorttermBankDeposits" xlink:to="label_DecreaseInUnrestrictedShorttermBankDeposits_2" xlink:title="label: DecreaseInUnrestrictedShorttermBankDeposits to label_DecreaseInUnrestrictedShorttermBankDeposits"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities" xlink:label="ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities" xlink:title="ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities"/>
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities" xml:lang="en-US" id="label_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities">Proceed from disposal of an available-for-sale securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities" xlink:to="label_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities" xlink:title="label: ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities to label_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="EarningsPerShareTextBlock" xlink:title="EarningsPerShareTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_EarningsPerShareTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EarningsPerShareTextBlock" xml:lang="en-US" id="label_EarningsPerShareTextBlock">EARNINGS (LOSS) PER SHARE [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareTextBlock" xlink:to="label_EarningsPerShareTextBlock" xlink:title="label: EarningsPerShareTextBlock to label_EarningsPerShareTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_EarningsPerShareTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EarningsPerShareTextBlock" xml:lang="en-US" id="label_EarningsPerShareTextBlock_2">EARNINGS (LOSS) PER SHARE</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareTextBlock" xlink:to="label_EarningsPerShareTextBlock_2" xlink:title="label: EarningsPerShareTextBlock to label_EarningsPerShareTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="EarningsPerShareAbstract" xlink:title="EarningsPerShareAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EarningsPerShareAbstract" xml:lang="en-US" id="label_EarningsPerShareAbstract">EARNINGS (LOSS) PER SHARE</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareAbstract" xlink:to="label_EarningsPerShareAbstract" xlink:title="label: EarningsPerShareAbstract to label_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_RecoveryForDoubtfulAccounts" xlink:label="RecoveryForDoubtfulAccounts" xlink:title="RecoveryForDoubtfulAccounts"/>
    <link:label xlink:type="resource" xlink:label="label_RecoveryForDoubtfulAccounts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RecoveryForDoubtfulAccounts" xml:lang="en-US" id="label_RecoveryForDoubtfulAccounts">Recovery for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RecoveryForDoubtfulAccounts" xlink:to="label_RecoveryForDoubtfulAccounts" xlink:title="label: RecoveryForDoubtfulAccounts to label_RecoveryForDoubtfulAccounts"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="CommitmentsAndContingencies" xlink:title="CommitmentsAndContingencies"/>
    <link:label xlink:type="resource" xlink:label="label_CommitmentsAndContingencies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommitmentsAndContingencies" xml:lang="en-US" id="label_CommitmentsAndContingencies">Commitments and contingencies (note 13)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsAndContingencies" xlink:to="label_CommitmentsAndContingencies" xlink:title="label: CommitmentsAndContingencies to label_CommitmentsAndContingencies"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xlink:label="OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xlink:title="OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax"/>
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xml:lang="en-US" id="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax">Reclassification of unrealized loss of available-for-sale securities upon disposal</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xlink:to="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xlink:title="label: OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax to label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_ValueAddedTaxDisclosureAbstract" xlink:label="ValueAddedTaxDisclosureAbstract" xlink:title="ValueAddedTaxDisclosureAbstract"/>
    <link:label xlink:type="resource" xlink:label="label_ValueAddedTaxDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ValueAddedTaxDisclosureAbstract" xml:lang="en-US" id="label_ValueAddedTaxDisclosureAbstract">VALUE ADDED TAX ("VAT")</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueAddedTaxDisclosureAbstract" xlink:to="label_ValueAddedTaxDisclosureAbstract" xlink:title="label: ValueAddedTaxDisclosureAbstract to label_ValueAddedTaxDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:href="apwc-20111231.xsd#apwc_ValueAddedTaxDisclosureTextBlock" xlink:label="ValueAddedTaxDisclosureTextBlock" xlink:title="ValueAddedTaxDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_ValueAddedTaxDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ValueAddedTaxDisclosureTextBlock" xml:lang="en-US" id="label_ValueAddedTaxDisclosureTextBlock">VALUE ADDED TAX ("VAT") [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueAddedTaxDisclosureTextBlock" xlink:to="label_ValueAddedTaxDisclosureTextBlock" xlink:title="label: ValueAddedTaxDisclosureTextBlock to label_ValueAddedTaxDisclosureTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_ValueAddedTaxDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ValueAddedTaxDisclosureTextBlock" xml:lang="en-US" id="label_ValueAddedTaxDisclosureTextBlock_2">VALUE ADDED TAX ("VAT")</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValueAddedTaxDisclosureTextBlock" xlink:to="label_ValueAddedTaxDisclosureTextBlock_2" xlink:title="label: ValueAddedTaxDisclosureTextBlock to label_ValueAddedTaxDisclosureTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="PaymentsOfDividendsMinorityInterest" xlink:title="PaymentsOfDividendsMinorityInterest"/>
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfDividendsMinorityInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfDividendsMinorityInterest" xml:lang="en-US" id="label_PaymentsOfDividendsMinorityInterest">Dividend paid to non-controlling shareholders of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsMinorityInterest" xlink:to="label_PaymentsOfDividendsMinorityInterest" xlink:title="label: PaymentsOfDividendsMinorityInterest to label_PaymentsOfDividendsMinorityInterest"/>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>11
<FILENAME>apwc-20111231_pre.xml
<DESCRIPTION>XBRL PRESENTATION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>
<!-- Generated by Fujitsu XWand B0150 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink">
  <link:roleRef roleURI="http://www.apwcc.com/role/DocumentEntityInformation" xlink:type="simple" xlink:href="apwc-20111231.xsd#DocumentEntityInformation"/>
  <link:roleRef roleURI="http://www.apwcc.com/role/StatementConsolidatedBalanceSheets" xlink:type="simple" xlink:href="apwc-20111231.xsd#StatementConsolidatedBalanceSheets"/>
  <link:roleRef roleURI="http://www.apwcc.com/role/DocumentDocumentInformation" xlink:type="simple" xlink:href="apwc-20111231.xsd#DocumentDocumentInformation"/>
  <link:roleRef roleURI="http://www.apwcc.com/role/StatementConsolidatedBalanceSheetsParenthetical" xlink:type="simple" xlink:href="apwc-20111231.xsd#StatementConsolidatedBalanceSheetsParenthetical"/>
  <link:roleRef roleURI="http://www.apwcc.com/role/StatementConsolidatedStatementsOfOperations" xlink:type="simple" xlink:href="apwc-20111231.xsd#StatementConsolidatedStatementsOfOperations"/>
  <link:roleRef roleURI="http://www.apwcc.com/role/StatementConsolidatedStatementsOfOperationsParenthetical" xlink:type="simple" xlink:href="apwc-20111231.xsd#StatementConsolidatedStatementsOfOperationsParenthetical"/>
  <link:roleRef roleURI="http://www.apwcc.com/role/StatementConsolidatedStatementsOfShareholdersEquity" xlink:type="simple" xlink:href="apwc-20111231.xsd#StatementConsolidatedStatementsOfShareholdersEquity"/>
  <link:roleRef roleURI="http://www.apwcc.com/role/StatementConsolidatedStatementsOfCashFlows" xlink:type="simple" xlink:href="apwc-20111231.xsd#StatementConsolidatedStatementsOfCashFlows"/>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Exhibit 32.2</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Certification Pursuant to 18 U.S.C. Section 1350 as Adopted</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">In connection with the Annual Report of Asia Pacific Wire &amp; Cable Corporation Limited (the &#8220;Company&#8221;) on Form 20-F for the period ended December 31, 2011 as filed with the Securities and Exchange Commission (the &#8220;Report&#8221;), I, Frank Tseng, Chief Financial Officer</FONT><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">of the Company, hereby certify as of the date hereof, solely for purposes of Title 18, Chapter 63, Section 1350 of the United States Code, that to the best of my knowledge:</FONT></P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 18pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">1.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934; and</FONT></P>
<P style="TEXT-INDENT: -18pt; MARGIN: 12pt 0cm 0pt 18pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">2.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company at the dates and for the periods indicated.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">This Certification has not been, and shall not be deemed, &#8220;filed&#8221; with the Securities and Exchange Commission.</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Date: April 30</FONT><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">, 2012</FONT></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="35%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">/s/ Frank Tseng</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=top width="35%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Frank Tseng</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt 0pt"><FONT style="FONT-SIZE: 10.5pt" lang=EN-US face="Times New Roman">Chief Financial Officer</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
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          <div style="width: 200px;"><strong>Note 16 - Current Vulnerability Due To Certain Concentrations<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RisksAndUncertaintiesAbstract', window );"><strong>CONCENTRATIONS OF RISKS</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConcentrationRiskDisclosureTextBlock', window );">CONCENTRATIONS OF RISKS</a></td>
        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="MARGIN: 0cm 0cm 0pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >16.&nbsp;&nbsp;&nbsp; CONCENTRATIONS OF RISKS</font></b></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36.55pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(a)</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Concentrations of credit risk</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, bank deposits, investments, investment securities and trade accounts receivable.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company maintains cash and cash equivalents with various financial institutions. These financial institutions are located in Singapore, Thailand, Australia, Hong Kong and the People&#146;s Republic of China.&nbsp; The Company&#146;s policy is designed to limit its exposure to any one institution.&nbsp; The Company performs periodic evaluations of the relative credit standing of those financial institutions that are considered in the Company&#146;s investment strategy.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of entities comprising the Company&#146;s customer base. The Company carefully assesses the financial strength of its customers and generally does not require any collateral. At December 31, 2011, no single group or customer represents greater than 10% of the Company&#146;s accounts receivable. The Company&#146;s exposure to credit risk arises from default of counterparty, with maximum exposure equal to the carrying amount of these financial instruments.&nbsp; </font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company is exposed to credit loss in the event of non-performance by counter parties on foreign exchange contracts, but the Company does not anticipate non-performance by any counter parties.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35pt; MARGIN: 0cm 0cm 0cm 70pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(b)</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Concentrations of customers</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 69.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >One customer accounted for more than 10% of the total revenue for the year ended December 31, 2009 (note 20). No single customer accounted for more than 10% of the total revenue for the years ended December 31, 2010 and 2011.&nbsp;&nbsp;&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -55pt; MARGIN: 0cm 0cm 0cm 90pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(c)</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Risk related to copper and supplier</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 8pt; font:Courier New">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Copper is the principal raw material used by the Company. The Company purchases copper at prices closely related to the prevailing international spot market prices on the London Metal Exchange for copper. The price of copper is influenced heavily by global supply and demand as well as speculative trading. Consequently, a change in the price of copper will have a direct effect on the Company&#146;s cost of sales.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Substantially all of the Company&#146;s copper rods are supplied by PEWC. In addition to copper rod, the Company purchases high voltage power cable from PEWC for distribution purposes. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 71.1pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -55pt; MARGIN: 0cm 0cm 0cm 90pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(d)</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Foreign exchange risk</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 70.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in exchange rates influence the Company&#146;s results of operations. The Company&#146;s principal operations are located in Thailand, the People&#146;s Republic of China (&#147;PRC&#148;) and Singapore and a substantial portion of its revenues are denominated in Thai Baht, U.S. Dollars or Singapore Dollars, whereas a substantial portion of the Company&#146;s cost of sales are denominated in U.S. Dollars. Any devaluation of the Thai Baht or Singapore dollar against the US dollar would have an adverse impact on the operations of the Company.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" >(e)</font><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" >&nbsp;&nbsp;&nbsp;&nbsp;</font><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" >Current vulnerability due to certain other concentrations</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 60pt"><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >The Company conducts substantial business operations in the PRC. The results of operations and prospects may be adversely affected by significant economic, legal and other developments in the PRC. Although the PRC government has been pursuing economic reform policies for more than 20 years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the PRC&#146;s political, economic and social conditions. There is also no guarantee that the PRC government&#146;s pursuit of economic reforms will be consistent or effective.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" >(f)</font><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" >&nbsp;&nbsp;&nbsp;&nbsp;C</font><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" >oncentration in the geographic area</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 60pt"><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >The Company conducts substantial business operations in the Thailand, PRC, Singapore and Australia. See note 20 - Segment Financial Information for details.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></div><!--EndFragment--><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 275<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6404-108592<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Statement of Position (SOP)<br><br> -Number 94-6<br><br> -Paragraph 21, 22, 24<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 21<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6947722&amp;loc=d3e13537-108611<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 15A<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 275<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 21<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6442-108592<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6947722&amp;loc=d3e13531-108611<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 275<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6327-108592<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 275<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 18<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6351-108592<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ETCAI">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Consolidated Statements Of Cash Flows (USD $)<br>In Thousands, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2010</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2009</div>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income (loss)</a></td>
        <td class="num">$ (3,084)<span></span></td>
        <td class="nump">$ 25,387<span></span></td>
        <td class="nump">$ 14,228<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income (loss) to net cash provided (used in) by operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertyPlantEquipment', window );">Loss (gain) on disposal of property, plant and equipment</a></td>
        <td class="num">(158)<span></span></td>
        <td class="num">(93)<span></span></td>
        <td class="nump">6<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments', window );">Loss on disposal of available-for-sale securities (note 7)</a></td>
        <td class="nump">68<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Depreciation', window );">Depreciation</a></td>
        <td class="nump">6,462<span></span></td>
        <td class="nump">6,857<span></span></td>
        <td class="nump">8,941<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred income taxes</a></td>
        <td class="num">(2,273)<span></span></td>
        <td class="num">(213)<span></span></td>
        <td class="nump">1,196<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_RecoveryForDoubtfulAccounts', window );">Recovery for doubtful accounts</a></td>
        <td class="num">(1,555)<span></span></td>
        <td class="num">(1,317)<span></span></td>
        <td class="num">(860)<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_InventoryImpairment', window );">Inventory impairment</a></td>
        <td class="nump">1,993<span></span></td>
        <td class="num">(1,974)<span></span></td>
        <td class="num">(23,949)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Share of net loss of equity investees</a></td>
        <td class="nump">58<span></span></td>
        <td class="nump">21<span></span></td>
        <td class="nump">40<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse', window );">Impairment of long-lived assets</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">77<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOfInvestments', window );">Impairment of investments</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">346<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Impairment of goodwill</a></td>
        <td class="nump">8,791<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainOrLossOnSaleOfStockInSubsidiary', window );">Gain on liquidation of subsidiaries</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="num">(568)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax', window );">Gain on disposal of subsidiary</a></td>
        <td class="num">(1,962)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionContributions', window );">Pension liability adjustments (note 18)</a></td>
        <td class="nump">1<span></span></td>
        <td class="nump">14<span></span></td>
        <td class="num">(4)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossUnrealized', window );">Unrealized foreign exchange difference, net</a></td>
        <td class="nump">974<span></span></td>
        <td class="num">(284)<span></span></td>
        <td class="nump">623<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in operating assets and liabilities net of acquisitions of business:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsReceivable', window );">Accounts receivable</a></td>
        <td class="nump">34,052<span></span></td>
        <td class="num">(31,779)<span></span></td>
        <td class="num">(552)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Inventories</a></td>
        <td class="num">(5,539)<span></span></td>
        <td class="num">(8,595)<span></span></td>
        <td class="nump">30,069<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherCurrentAssets', window );">Other current assets</a></td>
        <td class="num">(7,508)<span></span></td>
        <td class="num">(1,510)<span></span></td>
        <td class="nump">2,470<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent', window );">Amounts due to related parties</a></td>
        <td class="nump">580<span></span></td>
        <td class="num">(4,026)<span></span></td>
        <td class="num">(7,303)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherNoncurrentAssets', window );">Other long term assets</a></td>
        <td class="num">(343)<span></span></td>
        <td class="nump">1,165<span></span></td>
        <td class="nump">740<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities', window );">Accounts payable, accrued expenses and other liabilities</a></td>
        <td class="num">(7,933)<span></span></td>
        <td class="nump">13,365<span></span></td>
        <td class="num">(6,747)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash provided by (used in) operating activities</a></td>
        <td class="nump">22,624<span></span></td>
        <td class="num">(2,636)<span></span></td>
        <td class="nump">18,407<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_IncreaseInRestrictedShorttermBankDeposits', window );">Placement of unrestricted short-term bank deposits to financial institutions</a></td>
        <td class="num">(2,625)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_DecreaseInRestrictedShorttermBankDeposits', window );">Maturity of unrestricted short-term bank deposits from financial institutions</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">7,786<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_IncreaseInUnrestrictedShorttermBankDeposits', window );">Placement of restricted short-term bank deposits to financial institutions</a></td>
        <td class="num">(13,906)<span></span></td>
        <td class="num">(12,638)<span></span></td>
        <td class="num">(2,251)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_DecreaseInUnrestrictedShorttermBankDeposits', window );">Maturity of restricted short-term bank deposits from financial institutions</a></td>
        <td class="nump">11,326<span></span></td>
        <td class="nump">9,696<span></span></td>
        <td class="nump">4,656<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Purchases of property, plant and equipment</a></td>
        <td class="num">(8,888)<span></span></td>
        <td class="num">(3,653)<span></span></td>
        <td class="num">(3,260)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities', window );">Proceed from disposal of an available-for-sale securities</a></td>
        <td class="nump">24<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment', window );">Proceeds from disposal of property, plant and equipment</a></td>
        <td class="nump">165<span></span></td>
        <td class="nump">147<span></span></td>
        <td class="nump">153<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfEquityMethodInvestments', window );">Decrease in investment in equity investee</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">800<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash provided by (used in) investing activities</a></td>
        <td class="num">(13,904)<span></span></td>
        <td class="num">(6,448)<span></span></td>
        <td class="nump">7,884<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDividends', window );">Dividend paid during the year</a></td>
        <td class="num">(3,195)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfBankDebt', window );">Repayments of bank loans</a></td>
        <td class="num">(22,503)<span></span></td>
        <td class="num">(19,608)<span></span></td>
        <td class="num">(30,733)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromBankDebt', window );">Proceeds from bank loans</a></td>
        <td class="nump">31,319<span></span></td>
        <td class="nump">46,021<span></span></td>
        <td class="nump">9,023<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash (used in) provided by financing activities</a></td>
        <td class="nump">5,621<span></span></td>
        <td class="nump">26,413<span></span></td>
        <td class="num">(21,710)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents', window );">Effect of exchange rate changes on cash and cash equivalents</a></td>
        <td class="num">(886)<span></span></td>
        <td class="nump">4,354<span></span></td>
        <td class="num">(557)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net increase in cash and cash equivalents</a></td>
        <td class="nump">13,455<span></span></td>
        <td class="nump">21,683<span></span></td>
        <td class="nump">4,024<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at beginning of year</a></td>
        <td class="nump">63,217<span></span></td>
        <td class="nump">41,534<span></span></td>
        <td class="nump">37,510<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at end of year</a></td>
        <td class="nump">76,672<span></span></td>
        <td class="nump">63,217<span></span></td>
        <td class="nump">41,534<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>Supplemental disclosure of cash flow information:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaid', window );">Cash paid for interest</a></td>
        <td class="nump">1,861<span></span></td>
        <td class="nump">2,056<span></span></td>
        <td class="nump">2,918<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaidNet', window );">Cash paid for income taxes</a></td>
        <td class="nump">$ 7,412<span></span></td>
        <td class="nump">$ 3,547<span></span></td>
        <td class="nump">$ 1,900<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_DecreaseInRestrictedShorttermBankDeposits">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_DecreaseInRestrictedShorttermBankDeposits</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
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      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_DecreaseInUnrestrictedShorttermBankDeposits">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_DecreaseInUnrestrictedShorttermBankDeposits</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            </div>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_IncreaseInRestrictedShorttermBankDeposits">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_IncreaseInRestrictedShorttermBankDeposits</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_IncreaseInUnrestrictedShorttermBankDeposits">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_IncreaseInUnrestrictedShorttermBankDeposits</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_InventoryImpairment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_InventoryImpairment</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_RecoveryForDoubtfulAccounts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_RecoveryForDoubtfulAccounts</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the difference between the gross amount of gains (losses) included in earnings for transfers of securities from the available-for-sale category into the trading category. Such net gain (loss) included in earnings represents the net unrealized gain (loss) which had been included in other comprehensive income and is associated with the securities transferred from the available-for-sale category to the trading category, excluding other than temporary impairments (OTTI) recognized in other comprehensive income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 21<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 7<br><br> -Footnote 1<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3044-108585<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 8, 9<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 7, 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash Equivalents<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsAtCarryingValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Deferred Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510177<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 6<br><br> -Section I<br><br> -Subsection 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 45<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 289<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6889476&amp;loc=d3e330036-122817<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredIncomeTaxExpenseBenefit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Depreciation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Depreciation</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Pretax gain (loss), not previously recognized and resulting from the sale of a business component, which is recognized at the date of sale. A gain (loss) reflects the amount by which the consideration received exceeds (is exceeded by) the net carrying amount (reflecting previous provisions for loss on disposal, if any) of the disposal group.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 43<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 47<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The effect of exchange rate changes on cash balances held in foreign currencies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 25<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 230<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450594&amp;loc=d3e33268-110906<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionGainLossUnrealized">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate unrealized foreign currency transaction gain (loss) (pretax) included in determining net income for the reporting period. Represents the aggregate of gains (losses) on transactions that are unsettled as of the balance sheet date, which is therefore an adjustment to reconcile income (loss) from continuing operations to net cash provided by or used in continuing operations. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting entity's financial statements. For certain entities, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450189&amp;loc=d3e30700-110894<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450189&amp;loc=d3e30690-110894<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 52<br><br> -Paragraph 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ForeignCurrencyTransactionGainLossUnrealized</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfPropertyPlantEquipment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The difference between the sale price or salvage price and the book value of a property, plant, and equipment asset that was sold or retired during the reporting period. This element refers to the gain (loss).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GainLossOnSaleOfPropertyPlantEquipment</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainOrLossOnSaleOfStockInSubsidiary">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gain (loss) on entity's disposition of equity in securities of subsidiaries. Reflects the difference in the parent company's carrying amount of the equity interest in the subsidiary immediately before and after all stock transactions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 9<br><br> -Section 04<br><br> -Paragraph 13<br><br> -Subparagraph g<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GainOrLossOnSaleOfStockInSubsidiary</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillImpairmentLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Loss recognized during the period that results from the write-down of goodwill after comparing the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. Goodwill is assessed at least annually for impairment.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13777-109266<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 20<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 45<br><br> -Subparagraph e<br><br> -Clause 5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 141R<br><br> -Paragraph 72<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 47<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13816-109267<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 43<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13854-109267<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GoodwillImpairmentLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOfInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Staff Position (FSP)<br><br> -Number FAS115-1/124-1<br><br> -Paragraph 15C<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Staff Position (FSP)<br><br> -Number FAS115-1/124-1<br><br> -Paragraph 15D<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 16<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Staff Position (FSP)<br><br> -Number FAS115-1/124-1<br><br> -Paragraph 16B<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 35<br><br> -Paragraph 34<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6956420&amp;loc=d3e25351-111560<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Staff Position (FSP)<br><br> -Number FAS115-2/124-2<br><br> -Paragraph 22<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ImpairmentOfInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6390789&amp;loc=d3e2420-110228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2921-110230<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 26<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 958<br><br> -SubTopic 225<br><br> -Section 45<br><br> -Paragraph 11<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6743430&amp;loc=d3e92212-112881<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 7, 25<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Impairment<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515133<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ImpairmentOfLongLivedAssetsHeldForUse</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 323<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6382870&amp;loc=d3e33749-111570<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 18<br><br> -Paragraph 19<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 18<br><br> -Paragraph 6<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 11<br><br> -Article 7<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 9<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.12)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromEquityMethodInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaidNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 27<br><br> -Subparagraph f<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeTaxesPaidNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccountsReceivable</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInInventories</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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          </td>
        </tr>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOtherCurrentAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherNoncurrentAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in other noncurrent operating assets not separately disclosed in the statement of cash flows.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOtherNoncurrentAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaid">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of cash paid for interest during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3536-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InterestPaid</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash inflow or outflow from financing activity for the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInFinancingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash inflow or outflow from investing activity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInInvestingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3536-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInOperatingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividends">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow from the entity's earnings to the shareholders.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 20<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsOfDividends</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3213-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 17<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PensionContributions">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of cash or cash equivalents contributed by the entity to fund its pension plans.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -Subparagraph (g)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3536-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PensionContributions</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromBankDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from bank borrowing during the year.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3255-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 19<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromBankDebt</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the sale or maturity (principal being due) of securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 16<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26853-111562<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 16<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3179-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfEquityMethodInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the sale of equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3179-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 16<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromSaleOfEquityMethodInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3179-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 16<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4J<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4591551-111686<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A1, A4, A5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(1)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (a),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921930&amp;loc=SL4573702-111684<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4591552-111686<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 5<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4569616-111683<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProfitLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to settle a bank borrowing during the year.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 20<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ELE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Note 20 - Segment Financial Information<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>SEGMENT FINANCIAL INFORMATION</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingDisclosureTextBlock', window );">Segment Reporting Disclosure [Text Block]</a></td>
        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt"  >20.&nbsp;&nbsp;&nbsp; SEGMENT FINANCIAL INFORMATION</font></b><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > &nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Description of Products by Segment</font></i></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font style="DISPLAY: none" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >t57 ititivein china has very re than 10% of the total reveune 4 (2010:$28,484) of a subsidiary as at Decebsidiary as at Deceents</font></font><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In accordance with ASC 280, </font><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&#147;Segment Reporting&#148;</font></i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >, the Group chief operating decision maker has been identified as the chief operating officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. According to the management approach, the Company currently operates in three operating segments: (1) manufacturing of wire and cable products (&#147;Manufactured products&#148;), (2) distribution of copper and cable products manufactured by PEWC (&#147;Distributed products&#148;) and (3) sales, delivery and installation of wires and cables (&#147;SDI&#148;).</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Measurement of Segment Profit or Loss and Segment Assets</font></i></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></i>&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company evaluates performance and allocates resources based on profit or loss from operations before interest, gains and losses on the Company&#146;s investment portfolio, and income taxes. The accounting policies of the reportable segments, including transactions entered between reportable segments, are the same as those described in the summary of significant accounting policies.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Revenues</font></i></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Revenues from external customers:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Manufactured products</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 264,128</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 396,059</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 429,474</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Distributed products</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >28,102</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >26,935</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >25,500</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Supply, delivery and installation of wires and cables</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"><p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >34,008</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"><p style="MARGIN: 0cm 4.5pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >23,600</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"><p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >16,972</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total revenues from external customers</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 326,238</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 446,594</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 471,946</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Intersegment revenues:</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Manufactured products</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 12,235</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 3,143</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 3,283</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Distributed products</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="TEXT-INDENT: 45pt; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New">-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >9,898</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >13,960</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total intersegment revenues</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 12,235</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 13,041</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 17,243</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total segment revenues</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 338,473</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 459,635</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 489,189</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Reconciling item</font></i></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Elimination of intersegment revenues</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(12,235)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(13,041)</font></p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(17,243)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"/><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"/><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"/><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"/></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.35pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total revenues </font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 326,238</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 446,594</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.35pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 471,946</font></font></p></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: 27.5pt; MARGIN: 0cm 10pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0cm 0pt" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 5.65pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Segment profit (loss)</font></i></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 5.65pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Manufactured products</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 14,288</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 53,429</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 42,876</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Distributed products</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,517</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,378</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,955</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Supply, delivery and installation of wires and cables</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >889</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >242</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >57</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Inventory impairment </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >23,949</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,974</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,993)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total segment profit</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 40,643</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 57,023</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 43,895</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Reconciling items</font></i></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Corporate and other expenses</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(24,228)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(28,371)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(42,079)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Exchange gain (loss)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 4.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >507</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,041</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,346)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest income</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >458</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >492</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,409</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest expense</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,597)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,364)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(2,217)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Share of net loss of equity investees</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(40)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(21)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(58)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Gain on liquidation of subsidiary </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >568</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Other income</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,111</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,032</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,032</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0cm 11pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Income from continuing operations before income taxes </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 18,422</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 31,832</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 636</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></i>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Segment assets</font></i></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Manufactured products</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 280,179</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 374,634</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 326,960</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Distributed products</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >6,363</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >8,195</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4,369</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Supply, delivery and installation of wires and cables</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >864</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >359</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >357</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total segment assets</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 287,406</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 383,188</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 331,686</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Reconciling items</font></i></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Corporate and other assets</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >5,383</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >493</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,168</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Investment in equity investee companies</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,263</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,242</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4,435</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 7.75pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 7.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total assets </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 296,052</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 386,923</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 337,289</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Expenditures for additions to long-lived assets</font></i></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Manufactured products</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 3,260</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 3,650</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 8,775</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Distributed products</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Supply, delivery and installation of wires and cables</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Corporate</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >113</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total expenditure for additions to long-lived assets</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 3,260</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 3,653</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 8,888</font></font></p></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="50%" valign="top" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Depreciation expenses</font></i></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Manufactured products</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (8,165)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (6,474)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (6,014)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Distributed products</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Supply, delivery and installation of wires and cables</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 18.1pt"><font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Corporate</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(14)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(14)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(52)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Depreciation expenses of continuing operations </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (8,179)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (6,488)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="TEXT-INDENT: -6.8pt; MARGIN: 0cm 0cm 0pt 6.8pt" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (6,066)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Depreciation expenses of discontinued operations</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(762)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(369)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(396)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total depreciation expenses </font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(8,941)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(6,857)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(6,462)</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Impairment loss of long-lived assets and goodwill</font></i></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Manufactured products</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ - </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ -</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (8,816) </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Distributed products</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 3.35pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Supply, delivery and installation of wires and cables</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 3.35pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Corporate </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(77)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 4.9pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total impairment loss </font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (77)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ -</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4.9pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (8,816)</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6.4pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest income</font></i></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Manufactured products</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 408</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 454</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 1,305</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Distributed products</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >21</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >27</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="TEXT-INDENT: 16.5pt; MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >81</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Supply, delivery and installation of wires and cables</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >29</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >11</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Corporate</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >20</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 0.7pt 0cm 7.55pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total interest income of continuing operations </font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 458</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 492</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 1,409</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest expense</font></i></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Manufactured products</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt 0pt" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (1,414)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (1,203)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (2,050)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Distributed products</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(59)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(73)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(88)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Supply, delivery and installation of wires and cables</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(87)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(39)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(39)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Corporate</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(37)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(49)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(40)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 0.7pt 0cm 7.55pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total interest expense of continuing operations and discontinuing operations</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (1,597)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (1,364)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (2,217)</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><i><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Share of net loss of equity investees </font></i></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Manufactured products</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ - </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ - </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ - </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Distributed products</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Supply, delivery and installation of wires and cables</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 18pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Corporate</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(40)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(21)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(58)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="47%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total share of net loss of equity investees</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (40)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (21)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (58)</font></font></p></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><br clear="all"/></font>&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 16.2pt 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There is no sales of 10% or more of the total revenue to a single customer for 2010 and 2011. In 2009, sale to SP Powerassets Ltd. exceeded 10% of total revenue, which included sales of manufactured products, distributed products, and sales, delivery and installation of wires and cables, are as follows:</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"><p style="MARGIN: 0cm 0pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="17%" colspan="2"><p style="MARGIN: 0cm 0cm 0pt"><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"><p style="MARGIN: 0cm 0pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: -18.7pt; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"><p style="MARGIN: 0cm 0pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: -18.7pt; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"><p style="MARGIN: 0cm 0pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Manufactured products</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 10,398</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Distributed products</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >22,746</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="83%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Supply, delivery and installation of wires and cables</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >32,806</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.45pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.45pt; PADDING-TOP: 0cm" width="83%" valign="top"><p style="MARGIN: 0cm 0pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.45pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.45pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -18.7pt; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 65,950</font></font></p></td></tr><tr ><td width="83%">&nbsp;</td><td width="2%">&nbsp;</td><td width="15%">&nbsp;</td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></p><p style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Geographic Area Data</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 16.2pt 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenue from external customers is attributed to individual countries based on the customer&#146;s country of domicile and is summarized as follows:</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0cm 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Revenues from external customers</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Continuing operations</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Thailand</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 96,799</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 165,191</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 176,011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Singapore</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >94,782</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >70,154</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >86,474</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Australia</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >34,574</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >46,288</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >61,457</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The People&#146;s Republic of China</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >90,768</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >146,529</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >138,970</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Vietnam</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4,550</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >9,752</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >5,106</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Others (Southeast Asia)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4,765</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >8,680</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,928</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.4pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="45%" valign="top"/><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 326,238</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 446,594</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 471,946</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.7pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Revenue from discontinued operations</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 35,993</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 22,736</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 30,210</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #ffffff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="100%" valign="top" colspan="7"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Long-lived assets by the country of domicile are summarized as follow:</font></p><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Long-lived assets by area:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Thailand</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 28,002</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 27,926</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 19,894</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Singapore</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >8,069</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >8,987</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >10,339</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Australia</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,515</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,520</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >6,119</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 9pt"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The People&#146;s Republic of China</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >12,837</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >12,261</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >6,500</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Others</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >18</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >8</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >62</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.7pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="45%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total long-lived assets</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 52,441</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 52,702</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font  style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 42,914</font></font></p></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font  style="LINE-HEIGHT: 11pt; 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                <p>The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 19 - Discontinued Operations<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock', window );">DISCONTINUED OPERATIONS</a></td>
        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="MARGIN: 0cm 0cm 0pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >19.&nbsp;&nbsp;&nbsp; DISCONTINUED OPERATIONS</font></b></p><p style="MARGIN: 0cm 0cm 0pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company entered into an agreement to dispose its 51% equity interest in the SPFO joint venture to a group of investors in exchange for a total cash consideration of RMB18.5 million (approximately $2.9 million), effective upon the directors&#146; approval on September 7, 2011. The purpose of the disposal is to focus on the Company&#146;s core wire and cable business that are more profitable by divesting its non-core fiber-optics cable, of which the market in china has very competitive. The share transfer was completed on December 1, 2011, consequently, the Company&#146;s deconsolidated SPFO effective December 1, 2011. The Company recognized $1,962 gain on disposal of a subsidiary in consolidated statement of operations.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >SPFO was consolidated prior to its disposal and it met the criteria for reporting as discontinued operations. Therefore, the results of operations of SPFO and the gain of the disposal have been classified as &#147;Income from operations of discontinued SPFO&#148; in the consolidated statement of operations for the year ended December 31, 2011 and prior periods' amounts have been reclassified accordingly. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Results from discontinued operations related to SPFO for the years ended December 31, 2009 and 2010 and period ended November 30, 2011 are as follows:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="46%" valign="bottom" colspan="3"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"><p style="TEXT-ALIGN: left; MARGIN: 0cm" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom"><p style="TEXT-ALIGN: left; MARGIN: 0cm" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom"><p style="TEXT-ALIGN: left; MARGIN: 0cm" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Net sales </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 35,993</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 22,736</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 30,210</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.7pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Cost of sales </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(30,244)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="16%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(18,072)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 3.7pt; PADDING-TOP: 0cm" width="16%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(25,111)</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" >Gross profit</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >5,749</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4,664</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >5,099</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Selling, general and administrative expenses </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(4,456)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(3,545)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(4,809)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Recovery of doubtful accounts </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >752</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >377</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >68</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Income from discontinued operations</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,045</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,496</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >358</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Exchange gain, net </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >20</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest income</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >110</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >129</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest expenses</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,000)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,197)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,336)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Other income (expenses)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >85</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >37</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(38)</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Income (loss) before income tax</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,150</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >446</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(887)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="TEXT-ALIGN: left; MARGIN: 0cm" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Gain on disposal of SPFO</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,962</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Income from operations of discontinued SPFO</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,150</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >446</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,075</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Income tax</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(697)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(450)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(229)</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" >Net income (loss) of discontinued operations</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 453</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (4)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 846</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" >Net income (loss) attributable to non-controlling interests</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >222</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(2)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(547)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="53%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" >Net income (loss) attributable to APWC </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >231</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(2)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9.95pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,393</font></p></div></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;The transactions undertaken with related parties are summarized as follows:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6.75pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="46%" valign="top" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31, </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"><font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Purchases of goods from Shandong Yanggu</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >17</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >317</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Sales to Shandong Yanggu</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >96</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >536</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.7pt 0pt 9.05pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Sales to SPRC</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >160</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >157</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.7pt 0pt 9.05pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest expense paid to Shandong Yanggu </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >63</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.7pt 0pt 9.05pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Management fee paid to Shandong Yanggu </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >387</font></p></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0.7pt 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><p style="TEXT-ALIGN: center">&nbsp;</p><!--EndFragment--><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2941-110230<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1436-107760<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6390789&amp;loc=d3e2443-110228<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 43-48<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1474-107760<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e1020-107759<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1510-107760<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e1012-107759<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 21 - Summarized Financial Information Of Equity Investees<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAbstract', window );"><strong>SUMMARIZED FINANCIAL INFORMATION OF EQUITY INVESTEES</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentsDisclosureTextBlock', window );">SUMMARIZED FINANCIAL INFORMATION OF EQUITY INVESTEES</a></td>
        <td class="text"><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><!--StartFragment--><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 18pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >21.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp; &nbsp;</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;SUMMARIZED FINANCIAL INFORMATION OF EQUITY INVESTEES</font></b></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 21.2pt 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following tables present summarized financial information of the Company&#146;s principal equity investees, Lox Pac, SPHC, Shandong Huayu and SPRC. </font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6.75pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="32%" valign="top" colspan="3"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Unaudited</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-INDENT: 33pt; MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Unaudited</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="FR" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 6.1pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8.5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="FR" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Current assets</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 51,305</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 54,968</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="FR" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Non-current assets</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >19,348</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >17,961</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="FR" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Current liabilities</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(40,162)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(44,870)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="FR" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Non-current liabilities</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(2,023)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,156)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"/><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total shareholders&#146; equity</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td nowrap="nowrap" style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 28,468 </font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 26,903 </font></font></p></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><br clear="all"/></font>&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 23.65pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 23.65pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 23.65pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Unaudited</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Unaudited</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Unaudited</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 23.65pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 23.65pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Net sales</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$28,090</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$44,866</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$55,727</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 23.65pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Gross Profit</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >6,582</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >10,457</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >13,543</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1.1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 23.65pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Net income (loss)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(629)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8.9pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,347)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1.1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,360)</font></p></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.1pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 21.2pt 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><!--EndFragment--></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 323<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6382943&amp;loc=d3e33918-111571<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 323<br><br> -SubTopic 10<br><br> -Section 35<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6903645&amp;loc=d3e32787-111569<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 18<br><br> -Paragraph 20<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.12)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 323<br><br> -SubTopic 10<br><br> -Section 35<br><br> -Paragraph 35<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6903645&amp;loc=d3e32847-111569<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EGH">
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      <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the tax effects occurring during the period which are related to the net unrealized gain (loss) resulting from changes in the fair [carrying] value during the period of available-for-sale securities. Such tax affects would have been charged or credited directly to other comprehensive income or to related components of shareholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6872113&amp;loc=d3e27357-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 11<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6909487&amp;loc=d3e39076-109324<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 21<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 36<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 13<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                <p>If the value is true, then the document as an amendment to previously-filed/accepted document.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
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                <p>No definition available.</p>
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                <p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p>
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                <p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p>
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                <p>No definition available.</p>
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                <p>The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, POS AM and Other.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EXZAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Consolidated Statements of Operations (Parenthetical) (USD $)<br>In Thousands, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2010</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2009</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related party transactions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="nump">$ 0<span></span></td>
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          <div class="a">Manufactured products</div>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related party transactions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="nump">3,663<span></span></td>
        <td class="nump">3,806<span></span></td>
        <td class="nump">4,144<span></span></td>
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        <td class="nump">46,953<span></span></td>
        <td class="nump">45,925<span></span></td>
        <td class="nump">36,327<span></span></td>
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          <div class="a">Distributed products</div>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related party transactions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartiesAmountInCostOfSales', window );">Purchases from related parties</a></td>
        <td class="nump">7,484<span></span></td>
        <td class="nump">4,056<span></span></td>
        <td class="nump">23,458<span></span></td>
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          <div class="a">Discontinued operation</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related party transactions [Line Items]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax', window );">Gain on disposal</a></td>
        <td class="num">(1,962)<span></span></td>
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        <td class="nump">400<span></span></td>
        <td class="nump">4<span></span></td>
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        <td class="nump">$ 417<span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Pretax gain (loss), not previously recognized and resulting from the sale of a business component, which is recognized at the date of sale. A gain (loss) reflects the amount by which the consideration received exceeds (is exceeded by) the net carrying amount (reflecting previous provisions for loss on disposal, if any) of the disposal group.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 43<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 47<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount included in cost of sales related to transactions with related parties incurred and recorded in the statement of operations for the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 3<br><br> -Subparagraph b<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Revenues arising from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's' management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1(e))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Related Parties<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6523133<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 57<br><br> -Paragraph 2<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 946<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.6-07.1(c))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6488393&amp;loc=d3e606610-122999<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 1<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 07<br><br> -Paragraph b<br><br> -Subparagraph 1<br><br> -Article 6<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Note 13 - Commitments And Contingencies<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
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          <div>Dec. 31, 2011</div>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock', window );">COMMITMENTS AND CONTINGENCIES</a></td>
        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >13.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >COMMITMENTS AND CONTINGENCIES </font></b></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -49pt; MARGIN: 0cm 0cm 0pt 84pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(a)</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Leases&nbsp;</font></p><p style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company leases certain machinery and equipment under capital leases for 2010 and 2011.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company leases a piece of land in Singapore and certain buildings under non-cancellable operating lease arrangements for terms from 5 to 30 years.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Future minimum payments under capital leases and non-cancellable operating leases with initial terms of one year or more consisted of the following as of December 31, 2011:</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Capital Leases</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Operating Leases</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2012</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: 5.5pt; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 882</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 866</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2013</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: 38.5pt; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >173 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >663</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2014</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >46</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >430</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2015</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >30</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >177</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2016</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >172</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Thereafter</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,354</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Net minimum lease payments</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 1,135</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 4,662</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Less: amount representing interest</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(57)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Present value of net minimum lease payments</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 1,078</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Less: non-current portion included in other non-current liabilities</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(842)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Current portion included in other current liabilities</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >236</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rental expense consisted of the following:</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="52%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="52%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 6pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="52%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Rentals under operating leases</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 1,013</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 937</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 911</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="52%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="12%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The capital lease liabilities are secured by the leased machinery and equipment at cost of $330 and $195 as of December 31, 2010 and 2011, respectively. The accumulated depreciation of these leased assets as of December 31, 2010 and 2011 amounted to $264 and $97, respectively. The depreciation of machinery and equipment under capital leases are included in the depreciation expenses under costs of sales.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The average discount interest rate implicit in the lease is in the range of 6.58% to 8.78% and 6.5% to 8.73% for 2010 and 2011, respectively.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(b)</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31, 2011, the Company and its subsidiaries had commitments to purchase raw materials totaling $186.6 million to $243 million (23,774 to 30,936 metric tons), from third parties at the prices stipulated in the contracts.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(c)</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31, 2011, Charoong Thai and its subsidiaries had given continuing corporate guarantee of $9.7 million (2010: $12.8 million) in respect of banking facilities extended to two Operating Subsidiaries.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of December 31, 2010, two subsidiaries of Charoong Thai had commitments to provide cross guarantees for credit lines of $66.2 million. There was no such commitment as of December 2011.</font></p><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -36pt; MARGIN: 0cm 5pt 0cm 72pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of December 31, 2011, the Company provided a corporate guarantee not exceeding the sum of $26.3 million (2010: $20.5 million) for the bond performance and banking facility of Sigma Cable.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of December 31, 2011, there were outstanding bank guarantees of $18 million (2010: $19.8 million) issued by the banks on behalf of Charoong Thai and its subsidiaries in respect of certain performance bonds as required in the normal course of business of the companies.&nbsp; These guarantees generally expire within 1 year.</font></p><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(d)</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31, 2011, the Company and its subsidiaries had capital commitment relating to the installation of equipment and acquisition of machinery, totaling $1 million (2010: $0.1 million).</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(e)</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31, 2011, the Company and its subsidiaries had commitments in respect of repair and maintenance consulting service with unrelated parties and related parties totaling $0.1 million (2010: $0.2 million) and $3.1 million (2010: $0.2 million) respectively.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(f)</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31, 2011, the Company pledged 112 million shares of Charoong Thai to reserve a $14 million term loan facility and a $8 million trade facilities of CCH HK.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of December 31, 2010, SPFO pledged account receivables of $3.9 million against a bank loan.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="MARGIN: 0cm 0cm 0cm 24pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(g)</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As disclosed in note 1, on June 28, 2007 SOF entered into a shareholders&#146; agreement with the Company and PEWC (the &#147;Shareholders Agreement&#148;). On March 27, 2009, SOF sold 10.2% of the issued and outstanding shares of the Company to PEWC. On July 1, 2011, SOF transferred its remaining 9.8% interest in the Company to COF, which became a party to the Amended Shareholders Agreement, which provides for the following:</font></p><p style="MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0cm 0cm 72pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Indemnification</font></u></p><p style="MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company must certify to SOF (now became COF) whether or not it is considered a Controlled Foreign Corporation or a Passive Foreign Investment Company as of each fiscal year end. Should this certification be challenged by the taxing authorities and found to be incorrect, the Company must indemnify SOF (now became COF) and its shareholders against interest and penalties that may be imposed and reasonable attorney&#146;s fees incurred.</font></p><p style="MARGIN: 0cm 0cm 0cm 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >It is management&#146;s opinion that this indemnification will not result in any adverse material financial consequence to the Company.</font></p><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Controlled Foreign Corporation is any foreign corporation of which more than 50 </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >percent of either -</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1) The total combined voting power of all classes of stock of the corporation entitled to vote; or </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(2) The total value of the stock of the corporation, is owned by United States shareholders on any day during the taxable year of such foreign corporation.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font color="#ff99cc" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Passive Foreign Investment Company (&#147;PFIC&#148;) has one of the following attributes:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1) At least 75% of the corporation's income is considered "passive", which is based on investments rather than standard operating business.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(2) At least 50% of the company's assets are investments that produce interest, dividends and/or capital gains. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >PFICs include foreign-based mutual funds, partnerships and other pooled investment vehicles that have at least one U.S. shareholder.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 73.9pt"><font color="#ff99cc" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Registration Rights</font></u></p><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company has prepared and filed with the SEC a registration statement on Form F-1 covering the resale of the &#147;Registrable Securities&#148; for an offering to be made on a continuous basis pursuant to Rule 415 of the Securities Act of 1933, which registration statement was declared effective under the Securities Act by the SEC on March 11, 2009</font><u><font color="blue" lang="EN-US" style="LINE-HEIGHT: 11pt; LETTER-SPACING: 0pt; FONT-SIZE: 11pt" >, </font></u><font  lang="EN-US" style="LINE-HEIGHT: 11pt; LETTER-SPACING: 0pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" >but requires the filing of a post-effective amendment to include the most recent annual audited financial statements, and, from time to time, unaudited financial statements for the six month period then ended</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >. &nbsp;&#147;Registrable Securities&#148; includes the shares beneficially owned by COF and the 10.2% of the common stock acquired by PEWC from SOF in March 2009.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Subject to the Amended Shareholders&#146; Agreement, the Company must use its reasonable best efforts to keep such registration statement continuously effective until (i) all Registrable Securities either have been sold or may be sold without volume restrictions pursuant to Rule 144 of the Securities Act of 1933 and (ii) COF receives freely transferable shares from the Company&#146;s transfer agent.</font></p><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >If any such registration statement ceases to remain continuously effective for any reason after the effective date and during any time when the registration statement is required to be effective, or SOF (now became COF) is otherwise not permitted to utilize the prospectus therein to resell such Registrable Securities, in either case, for more than thirty (30) consecutive trading days or more than an aggregate of sixty (60) trading days during any twelve month period (an &#147; Event &#148;), then the &#147;Put Right&#148; (as explained in note 1) will become immediately exercisable and will continue until such event has been cured.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><!--EndFragment--><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommitmentsAndContingenciesDisclosureAbstract</nobr></td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for commitments and contingencies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 15 - Financial Instruments<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract', window );"><strong>FINANCIAL INSTRUMENTS</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock', window );">FINANCIAL INSTRUMENTS</a></td>
        <td class="text"><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><!--StartFragment--><p style="MARGIN: 0cm 0cm 0pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >15.&nbsp;&nbsp;&nbsp; FAIR VALUE DISCLOSURES</font></b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > &nbsp;</font></p><p style="TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Cash and cash equivalents</font></u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >:&nbsp; The carrying amount reported in the balance sheet for cash and cash equivalents approximates its fair value because of the short-term maturity of these instruments.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Bank deposits</font></u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >:&nbsp; The carrying amount reported in the balance sheet for bank deposits approximates its fair value because of the short-term maturity of these instruments.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0cm 35.45pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Accounts receivable and accounts payable</font></u><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >:&nbsp; The carrying amounts reported in the balance sheet for accounts receivable and accounts payable approximate their fair values because of the short-term maturity of these instruments.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0cm 35.45pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Related party balances</font></u><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >:&nbsp; The carrying amounts reported in the balance sheet for related party balances approximate their fair values because of the short-term maturity of these instruments.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.1pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Short-term debt</font></u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >: The carrying amounts of the Company&#146;s borrowings under its short-term revolving credit arrangements approximate their fair values. The fair value of the non-interest bearing short-term debt from related parties approximates to its carrying amount as it is repayable on demand. &nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 2.75pt; MARGIN: 0cm 0cm 0pt 71.5pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Investment securities</font></u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >: The fair values of marketable equity securities are based on quoted market prices, details of which are set out in note 7. In accordance with ASC 820, the marketable securities are classified within Level 1 of fair value hierarchy. It is not practicable to estimate the fair values of the equity investments that do not have a quoted market price, without incurring excessive costs. In accordance with ASC 820, such instruments are classified in the Level 3 of fair value hierarchy.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Forward exchange contracts</font></u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >: The fair values of forward exchange contracts are estimated by reference to market quotations for forward contracts with similar terms, adjusted where necessary for maturity differences. The foreign currency forward contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 2.75pt; MARGIN: 0cm 0cm 0pt 28.3pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><!--EndFragment--></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the entity's entire derivative instruments and hedging activities.  Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>27
<FILENAME>R7.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
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    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ESUCI">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Consolidated Statements Of Shareholders' Equity (USD $)<br>In Thousands, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Total</div>
        </th>
        <th class="th">
          <div>Common stock</div>
        </th>
        <th class="th">
          <div>Additional paid-in capital</div>
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        <th class="th">
          <div>Retained earnings</div>
        </th>
        <th class="th">
          <div>Accumulated other comprehensive income (loss)</div>
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        <th class="th">
          <div>Total APWC shareholders&#x92; equity</div>
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        <th class="th">
          <div>Non-controlling interests</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Dec. 31, 2008</a></td>
        <td class="nump">$ 162,707<span></span></td>
        <td class="nump">$ 138<span></span></td>
        <td class="nump">$ 111,541<span></span></td>
        <td class="nump">$ 15,819<span></span></td>
        <td class="num">$ (13,369)<span></span></td>
        <td class="nump">$ 114,129<span></span></td>
        <td class="nump">$ 48,578<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxAbstract', window );"><strong>Comprehensive income (loss)</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
        <td class="nump">14,228<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">10,089<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">10,089<span></span></td>
        <td class="nump">4,139<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease', window );">Currency translation adjustment</a></td>
        <td class="nump">5,660<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">3,177<span></span></td>
        <td class="nump">3,177<span></span></td>
        <td class="nump">2,483<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease', window );">Pension liability adjustments (note 18)</a></td>
        <td class="nump">4<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">4<span></span></td>
        <td class="nump">4<span></span></td>
        <td class="nump">0<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax', window );">Unrealized loss on available-for-sale securities &#x97; net of income tax of $-18 and $84 for years ended December 31 2009 and 2010 respectively</a></td>
        <td class="nump">1<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">1<span></span></td>
        <td class="nump">1<span></span></td>
        <td class="nump">0<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease', window );">Other comprehensive income (loss), net of tax</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump">3,174<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive income (loss)</a></td>
        <td class="nump">19,885<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
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        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump">13,263<span></span></td>
        <td class="nump">6,622<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Dec. 31, 2009</a></td>
        <td class="nump">182,592<span></span></td>
        <td class="nump">138<span></span></td>
        <td class="nump">111,541<span></span></td>
        <td class="nump">25,908<span></span></td>
        <td class="num">(10,195)<span></span></td>
        <td class="nump">127,392<span></span></td>
        <td class="nump">55,200<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxAbstract', window );"><strong>Comprehensive income (loss)</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="nump">25,387<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">14,140<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">14,140<span></span></td>
        <td class="nump">11,247<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease', window );">Currency translation adjustment</a></td>
        <td class="nump">18,091<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">12,027<span></span></td>
        <td class="nump">12,027<span></span></td>
        <td class="nump">6,064<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease', window );">Pension liability adjustments (note 18)</a></td>
        <td class="num">(472)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="num">(472)<span></span></td>
        <td class="num">(472)<span></span></td>
        <td class="nump">0<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_IncreaseInShareholdingInASubsidiary', window );">Increase in shareholding in a subsidiary</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">181<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">181<span></span></td>
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        <td class="nump">114<span></span></td>
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        <td class="nump">0<span></span></td>
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        <td class="text">&nbsp;&nbsp;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive income (loss)</a></td>
        <td class="nump">43,120<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump">25,802<span></span></td>
        <td class="nump">17,318<span></span></td>
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        <td class="nump">225,712<span></span></td>
        <td class="nump">138<span></span></td>
        <td class="nump">111,541<span></span></td>
        <td class="nump">40,229<span></span></td>
        <td class="nump">1,286<span></span></td>
        <td class="nump">153,194<span></span></td>
        <td class="nump">72,518<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxAbstract', window );"><strong>Comprehensive income (loss)</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="num">(3,084)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="num">(5,439)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="num">(5,439)<span></span></td>
        <td class="nump">2,355<span></span></td>
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        <td class="num">(3,726)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="num">(931)<span></span></td>
        <td class="num">(931)<span></span></td>
        <td class="num">(2,795)<span></span></td>
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        <td class="num">(69)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="num">(69)<span></span></td>
        <td class="num">(69)<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_IncreaseInShareholdingInASubsidiary', window );">Increase in shareholding in a subsidiary</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="num">(245)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="num">(245)<span></span></td>
        <td class="nump">245<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax', window );">Unrealized loss on available-for-sale securities &#x97; net of income tax of $-18 and $84 for years ended December 31 2009 and 2010 respectively</a></td>
        <td class="num">(68)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(68)<span></span></td>
        <td class="num">(68)<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax', window );">Reclassification of unrealized loss of available-for-sale securities upon disposal</a></td>
        <td class="nump">68<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">68<span></span></td>
        <td class="nump">68<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDividendsMinorityInterest', window );">Dividend paid to non-controlling shareholders of subsidiaries</a></td>
        <td class="num">(3,195)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="num">(3,195)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_DisposalOfASubsidiary', window );">Disposal of a subsidiary</a></td>
        <td class="num">(949)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="num">(949)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease', window );">Other comprehensive income (loss), net of tax</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num">(1,000)<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive income (loss)</a></td>
        <td class="num">(11,023)<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="num">(6,684)<span></span></td>
        <td class="num">(4,339)<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Dec. 31, 2011</a></td>
        <td class="nump">$ 214,689<span></span></td>
        <td class="nump">$ 138<span></span></td>
        <td class="nump">$ 111,541<span></span></td>
        <td class="nump">$ 34,545<span></span></td>
        <td class="num">$ (965)<span></span></td>
        <td class="nump">$ 146,510<span></span></td>
        <td class="nump">$ 68,179<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_DisposalOfASubsidiary">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_DisposalOfASubsidiary</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_IncreaseInShareholdingInASubsidiary</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e540-108580<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A5<br><br> -Appendix A<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 8, 9, 10, 11, 12, 13, 14<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6508144<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e557-108580<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ComprehensiveIncomeNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTaxAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ComprehensiveIncomeNetOfTaxAbstract</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) in accumulated comprehensive income during the period related to pension and other postretirement benefit plans, after tax. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 158<br><br> -Paragraph 7<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 14, 17, 22, 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity, net of tax.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 20<br><br> -Subparagraph (b),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6915805&amp;loc=d3e32211-110900<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 2<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920433&amp;loc=d3e998-108581<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 24<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 14, 17, 19, 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 52<br><br> -Paragraph 13, 20, 31<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          </td>
        </tr>
      </table>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents Other Comprehensive Income or Loss, Net of Tax, for the period.  Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 22, 23, 24, 25<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e599-108580<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 31<br><br> -Article 5<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Reclassification adjustment for unrealized gains or losses realized upon the sale of securities, after tax.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6872113&amp;loc=d3e27357-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Reclassification Adjustments<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6522872<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 24<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e689-108580<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 18, 19<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e637-108580<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain (loss), net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain (loss) at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains (losses) realized upon the sale of securities, after tax; and (3) the unrealized gains (losses) realized upon the write-down of securities, after tax.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e637-108580<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e653-108580<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 13<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 2<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920433&amp;loc=d3e998-108581<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 24<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 17, 22<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividendsMinorityInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow for the return on capital for noncontrolled interest in the entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 20<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsOfDividendsMinorityInterest</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4J<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4591551-111686<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A1, A4, A5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(1)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (a),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921930&amp;loc=SL4573702-111684<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4591552-111686<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 5<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4569616-111683<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProfitLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4568740-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4I<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4590271-111686<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Publisher AICPA<br><br> -Number 51<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A3<br><br> -Appendix A<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 25<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4568447-111683<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
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<DOCUMENT>
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<SEQUENCE>28
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ENAAI">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Consolidated Balance Sheets (USD $)<br>In Thousands, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2010</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current assets:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
        <td class="nump">$ 76,672<span></span></td>
        <td class="nump">$ 63,217<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_UnrestrictedShorttermBankDeposits', window );">Unrestricted Short-term bank deposits (note 5)</a></td>
        <td class="nump">2,529<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestBearingDepositsInBanks', window );">Restricted short-term bank deposits (note 5)</a></td>
        <td class="nump">12,024<span></span></td>
        <td class="nump">17,422<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNet', window );">Accounts receivable, net of allowance for doubtful accounts of $6,886 and $4,614 at December 31, 2010 and 2011, respectively (note 10)</a></td>
        <td class="nump">98,329<span></span></td>
        <td class="nump">144,454<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedPartiesCurrent', window );">Amounts due from related parties (note 17)</a></td>
        <td class="nump">5,227<span></span></td>
        <td class="nump">8,246<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNetAbstract', window );"><strong>Inventories (note 10)</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_DistributedProducts', window );">Distributed products</a></td>
        <td class="nump">2,243<span></span></td>
        <td class="nump">639<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryFinishedGoods', window );">Finished products</a></td>
        <td class="nump">35,786<span></span></td>
        <td class="nump">32,781<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment', window );">Consignment inventory</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">3,051<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryWorkInProcess', window );">Work-in-progress</a></td>
        <td class="nump">16,434<span></span></td>
        <td class="nump">19,108<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryRawMaterialsAndSupplies', window );">Raw materials and supplies</a></td>
        <td class="nump">24,552<span></span></td>
        <td class="nump">30,401<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Inventories, total</a></td>
        <td class="nump">79,015<span></span></td>
        <td class="nump">85,980<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetCurrent', window );">Deferred tax assets (note 11)</a></td>
        <td class="nump">5,185<span></span></td>
        <td class="nump">3,320<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherPrepaidExpenseCurrent', window );">Prepaid expenses</a></td>
        <td class="nump">7,157<span></span></td>
        <td class="nump">5,514<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Other current assets</a></td>
        <td class="nump">2,559<span></span></td>
        <td class="nump">1,308<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
        <td class="nump">288,697<span></span></td>
        <td class="nump">329,461<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentAbstract', window );"><strong>Property, plant and equipment:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Land', window );">Land</a></td>
        <td class="nump">5,964<span></span></td>
        <td class="nump">6,291<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_LandUseRights', window );">Land use rights</a></td>
        <td class="nump">2,900<span></span></td>
        <td class="nump">2,999<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BuildingsAndImprovementsGross', window );">Buildings</a></td>
        <td class="nump">49,749<span></span></td>
        <td class="nump">50,199<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MachineryAndEquipmentGross', window );">Machinery and equipment</a></td>
        <td class="nump">118,984<span></span></td>
        <td class="nump">126,906<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_MotorVehicles', window );">Motor vehicles</a></td>
        <td class="nump">4,203<span></span></td>
        <td class="nump">4,431<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FurnitureAndFixturesGross', window );">Office equipment</a></td>
        <td class="nump">6,675<span></span></td>
        <td class="nump">6,915<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConstructionInProgressGross', window );">Construction in progress</a></td>
        <td class="nump">2,547<span></span></td>
        <td class="nump">212<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Property, plant and equipment, gross</a></td>
        <td class="nump">191,022<span></span></td>
        <td class="nump">197,953<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Accumulated depreciation and amortization</a></td>
        <td class="num">(148,108)<span></span></td>
        <td class="num">(154,052)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property, plant and equipment, net</a></td>
        <td class="nump">42,914<span></span></td>
        <td class="nump">43,901<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermInvestments', window );">Investments (note 7)</a></td>
        <td class="nump">618<span></span></td>
        <td class="nump">744<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures', window );">Investment in equity investees (note 21)</a></td>
        <td class="nump">4,435<span></span></td>
        <td class="nump">3,242<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill (note 6)</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">8,801<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrent', window );">Other assets</a></td>
        <td class="nump">108<span></span></td>
        <td class="nump">97<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetNoncurrent', window );">Deferred tax assets (note 11)</a></td>
        <td class="nump">517<span></span></td>
        <td class="nump">677<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsNoncurrent', window );">Total noncurrent assets</a></td>
        <td class="nump">5,678<span></span></td>
        <td class="nump">13,561<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
        <td class="nump">337,289<span></span></td>
        <td class="nump">386,923<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBankLoansAndNotesPayable', window );">Bank loans and overdrafts (note 8)</a></td>
        <td class="nump">52,813<span></span></td>
        <td class="nump">67,351<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts payable</a></td>
        <td class="nump">22,148<span></span></td>
        <td class="nump">41,989<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrent', window );">Accrued expenses</a></td>
        <td class="nump">10,737<span></span></td>
        <td class="nump">13,197<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueToRelatedPartiesCurrent', window );">Amounts due to related parties (note 17)</a></td>
        <td class="nump">14,693<span></span></td>
        <td class="nump">17,140<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermNonBankLoansAndNotesPayable', window );">Short-term loans from the immediate holding company (note 17)</a></td>
        <td class="nump">1,732<span></span></td>
        <td class="nump">1,732<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedIncomeTaxesCurrent', window );">Income tax liabilities (note 11)</a></td>
        <td class="nump">9,835<span></span></td>
        <td class="nump">10,627<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesCurrent', window );">Other current liabilities</a></td>
        <td class="nump">5,783<span></span></td>
        <td class="nump">6,772<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
        <td class="nump">117,741<span></span></td>
        <td class="nump">158,808<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesNoncurrentAbstract', window );"><strong>Non-current liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesNoncurrent', window );">Other non-current liabilities</a></td>
        <td class="nump">3,678<span></span></td>
        <td class="nump">822<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesNoncurrent', window );">Deferred tax liabilities (note 11)</a></td>
        <td class="nump">1,181<span></span></td>
        <td class="nump">1,581<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesNoncurrent', window );">Total non-current liabilities</a></td>
        <td class="nump">4,859<span></span></td>
        <td class="nump">2,403<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
        <td class="nump">122,600<span></span></td>
        <td class="nump">161,211<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and contingencies (note 13)</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValueOutstanding', window );">Issued and outstanding shares &#x97; 13,830,769 shares (note 9)</a></td>
        <td class="nump">138<span></span></td>
        <td class="nump">138<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapital', window );">Additional paid-in capital</a></td>
        <td class="nump">111,541<span></span></td>
        <td class="nump">111,541<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsUnappropriated', window );">Retained earnings</a></td>
        <td class="nump">34,545<span></span></td>
        <td class="nump">40,229<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive income</a></td>
        <td class="nump">286<span></span></td>
        <td class="nump">1,286<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total APWC shareholders&#x92; equity</a></td>
        <td class="nump">146,510<span></span></td>
        <td class="nump">153,194<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterest', window );">Non-controlling interests</a></td>
        <td class="nump">68,179<span></span></td>
        <td class="nump">72,518<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total shareholders&#x92; equity</a></td>
        <td class="nump">214,689<span></span></td>
        <td class="nump">225,712<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and shareholders&#x92; equity</a></td>
        <td class="nump">$ 337,289<span></span></td>
        <td class="nump">$ 386,923<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_DistributedProducts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_DistributedProducts</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_LandUseRights">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_LandUseRights</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_MotorVehicles">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_MotorVehicles</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_UnrestrictedShorttermBankDeposits">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_UnrestrictedShorttermBankDeposits</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountsPayableCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 3<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.5)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountsReceivableNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedIncomeTaxesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 15<br><br><br><br> -Subparagraph b(1)<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 9<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 15<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Section Appendix E<br><br><br><br> -Paragraph 289<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name FASB Interpretation (FIN)<br><br><br><br> -Number 48<br><br><br><br> -Paragraph 15, 21<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccruedIncomeTaxesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedLiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccruedLiabilitiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.14)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 14<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph c<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e653-108580<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 130<br><br><br><br> -Paragraph 14, 17, 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name FASB Staff Position (FSP)<br><br><br><br> -Number FAS115-1/124-1<br><br><br><br> -Paragraph 15D<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 11<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e637-108580<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e681-108580<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapital">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.30(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AdditionalPaidInCapital</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 12<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br> -Section S99<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Publisher FASB<br><br><br><br> -Paragraph 1<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Concepts (CON)<br><br><br><br> -Number 6<br><br><br><br> -Paragraph 25<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Assets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6801-107765<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Section 45<br><br><br><br> -SubTopic 10<br><br><br><br> -Topic 210<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Paragraph 1<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 9<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AssetsCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AssetsCurrentAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.10-17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AssetsNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BuildingsAndImprovementsGross">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross amount, as of the balance sheet date, of long-lived, depreciable assets that include building structures held for productive use including any addition, improvement, or renovation to the structure, such as interior masonry, interior flooring, electrical, and plumbing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -Subparagraph (f)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6812-107765<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_BuildingsAndImprovementsGross</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7<br><br><br><br> -Footnote 1<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3044-108585<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 8, 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7, 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash Equivalents<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsAtCarryingValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 25<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.(a),19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 450<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6952336&amp;loc=d3e14326-108349<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 5<br><br><br><br> -Paragraph 8, 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.25)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommitmentsAndContingencies</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValueOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of all classes of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares exclude common shares repurchased by the entity and held as treasury shares.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockValueOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConstructionInProgressGross">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross amount, at the balance sheet date, of long-lived assets under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ConstructionInProgressGross</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward is presented as a reduction of the related deferred tax asset.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31928-109318<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 41, 42, 43<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31958-109318<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31917-109318<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31931-109318<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredTaxAssetsNetCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The noncurrent portion as of the balance sheet date of the aggregate carrying amount of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after the valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31928-109318<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 41, 42, 43<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31958-109318<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31917-109318<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31931-109318<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredTaxAssetsNetNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31958-109318<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 41, 42<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31917-109318<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31931-109318<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredTaxLiabilitiesNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromRelatedPartiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(k)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (d)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 57<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph d<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.3(a)(2))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 4<br><br><br><br> -Section 08<br><br><br><br> -Paragraph k<br><br><br><br> -Subparagraph 2<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (d)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DueFromRelatedPartiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueToRelatedPartiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(k)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (d)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 4<br><br><br><br> -Section 08<br><br><br><br> -Paragraph k<br><br><br><br> -Subparagraph 1<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 57<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph d<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DueToRelatedPartiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FurnitureAndFixturesGross">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross amount, at the balance sheet date, of long-lived, depreciable assets commonly used in offices and stores. Examples include desks, chairs, and store fixtures.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_FurnitureAndFixturesGross</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Goodwill">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 142<br><br><br><br> -Paragraph 45<br><br><br><br> -Subparagraph e<br><br><br><br> -Clause 1<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 142<br><br><br><br> -Paragraph 43<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 141R<br><br><br><br> -Paragraph 68<br><br><br><br> -Subparagraph l<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 142<br><br><br><br> -Paragraph 45<br><br><br><br> -Subparagraph e<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 141R<br><br><br><br> -Paragraph 34<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13816-109267<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13770-109266<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 141R<br><br><br><br> -Paragraph 72<br><br><br><br> -Subparagraph d<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Goodwill</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestBearingDepositsInBanks">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>For banks and other depository institutions (including Federal Reserve Banks, if applicable): Interest-bearing deposits in other financial institutions for relatively short periods of time including, for example, certificates of deposits, which are presented separately from cash on the balance sheet.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6476743&amp;loc=d3e59706-112781<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Audit and Accounting Guide (AAG)<br><br><br><br> -Number AAG-DEP<br><br><br><br> -Chapter 6<br><br><br><br> -Paragraph 4, 11<br><br><br><br> -IssueDate 2006-05-01<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 2<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InterestBearingDepositsInBanks</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryFinishedGoods">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 6<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryFinishedGoods</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 330<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 35<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386567&amp;loc=d3e3927-108312<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNetAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryNetAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryRawMaterialsAndSupplies">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregated amount of unprocessed materials to be used in manufacturing or production process and supplies that will be consumed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 6<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(a)(4),(5))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryRawMaterialsAndSupplies</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryWorkInProcess">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of merchandise or goods which are partially completed, are generally comprised of raw materials, labor and factory overhead costs, and which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 6<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(a)(3))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryWorkInProcess</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.12)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Land">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of real estate held for productive use. This excludes land held for sale.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -Subparagraph (e)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6812-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Land</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19-26)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Liabilities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 32<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.32)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 25<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesAndStockholdersEquity</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesCurrentAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 22, 23, 24, 25, 26, 27<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22-26)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesNoncurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesNoncurrentAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.12)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LongTermInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MachineryAndEquipmentGross">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross amount, as of the balance sheet date, of long-lived, depreciable assets used in the production process to produce goods and services.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -Subparagraph (f)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6812-107765<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_MachineryAndEquipmentGross</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph A3<br><br><br><br> -Appendix A<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 27<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 38<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 20<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Publisher AICPA<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_MinorityInterest</nobr></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 8<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.8)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherAssetsCurrent</nobr></td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherAssetsNoncurrent</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Balance Type:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of inventory owned by the entity but in the hands of a customer, typically a reseller.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 605<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 13.A.2.Q2 Response)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6600647&amp;loc=d3e214044-122780<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 6<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 43<br><br><br><br> -Chapter 3<br><br><br><br> -Section A<br><br><br><br> -Paragraph 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed in the balance sheet.  Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6911-107765<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6904-107765<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 43<br><br><br><br> -Chapter 3<br><br><br><br> -Section A<br><br><br><br> -Paragraph 8<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 6<br><br><br><br> -Paragraph 15<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherLiabilitiesCurrent</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilitiesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 24<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.24)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherLiabilitiesNoncurrent</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of expenditures made, not otherwise specified in the taxonomy, in advance of the timing of recognition of expenses which are expected to be charged against earnings within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 43<br><br><br><br> -Section A<br><br><br><br> -Paragraph 4<br><br><br><br> -Chapter 3<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6787-107765<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (g)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherPrepaidExpenseCurrent</nobr></td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PropertyPlantAndEquipmentAbstract</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentGross">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross amount, at the balance sheet date, of long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PropertyPlantAndEquipmentGross</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 8<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph b, c<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PropertyPlantAndEquipmentNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsUnappropriated">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A segregation of retained earnings which is available for dividend distribution. Earnings not paid out as dividends but instead reinvested in the core business or used to pay off debt. Unappropriated profit is part of shareholder equity. Also called cumulative distributions or earned surplus or accumulated earnings or unappropriated profit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 24<br><br><br><br> -Subparagraph a(4)<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.30(a)(3)(ii))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.23(4))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_RetainedEarningsUnappropriated</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermBankLoansAndNotesPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount at the balance sheet date of borrowings from a bank, not elsewhere enumerated in the taxonomy, with a maturity within one year (or within one operating cycle if longer) from the date of borrowing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.16)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 16<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ShortTermBankLoansAndNotesPayable</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermNonBankLoansAndNotesPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount at the balance sheet date of borrowings from a creditor other than a bank, not elsewhere specified in the taxonomy, with a maturity within one year (or within one operating cycle if longer) from the date of borrowing.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a)(2))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ShortTermNonBankLoansAndNotesPayable</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29-31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph A3<br><br><br><br> -Appendix A<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30, 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section E<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SAB TOPIC 4.E)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6228006&amp;loc=d3e74512-122707<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockholdersEquity</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 16<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4568740-111683<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 4I<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4590271-111686<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Publisher AICPA<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph A3<br><br><br><br> -Appendix A<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 25<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4568447-111683<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 8 - Bank Loans And Overdrafts<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableGrossAllowanceAndNetAbstract', window );"><strong>BANK LOANS AND OVERDRAFTS</strong></a></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock', window );">BANK LOANS AND OVERDRAFTS</a></td>
        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang="EN-US" >8.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >BANK LOANS AND OVERDRAFTS </font></b></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;</font></b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Bank&nbsp;</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > loans and overdrafts consist of the following:</font></p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="HEIGHT: 12.4pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 12.4pt; PADDING-TOP: 0cm" width="63%" valign="top" rowspan="2"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 12.4pt; PADDING-TOP: 0cm" width="37%" valign="top" colspan="2"><p style="TEXT-INDENT: 71.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" /></p></td></tr><tr style="HEIGHT: 12.35pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 12.35pt; PADDING-TOP: 0cm" width="37%" valign="top" colspan="2"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" >As of December 31,</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="63%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="19%" valign="top"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" >2010 </font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="18%" valign="top"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" >2011</font></p></div></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="63%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.95pt; MARGIN: 0cm 0cm 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" >Bank loans and overdrafts</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="19%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" >$&nbsp;25,259</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="18%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" >$13,886</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="63%" valign="top"><p style="TEXT-INDENT: -34.65pt; MARGIN: 0cm 0cm 0pt 28.75pt"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" >Trust receipts </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="19%" valign="top" align="right"><div style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 27.5pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >42,092</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="18%" valign="top" align="right"><div style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 22pt; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >38,927</font></p></div></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="63%" valign="top"><p style="TEXT-INDENT: -7.35pt; MARGIN: 0cm 0cm 0pt 1.25pt"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" >Total bank loans and overdrafts</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="19%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$&nbsp;67,351</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="18%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$&nbsp;52,813 </font></p></div></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Under line of credit arrangements for short-term debt with the Company&#146;s bankers, the Company may borrow up to approximately $316,369 (2010: $292,833) on such terms as the Company and the banks may mutually agree upon.&nbsp; These arrangements do not have termination dates but are reviewed annually for renewal.&nbsp; As of December 31, 2011, the unused portion of the credit lines was approximately $224,640</font><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" > (2010: </font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >$209,634</font><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >)</font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >, which included unused letters of credit amounting to </font><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >$128,409 (2010: $128,211)</font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >. Letters of credit are issued by the Company in the ordinary course of business through major financial institutions as required by certain vendor contracts. As of December 31, 2011, the Company had open letters of credit totaling </font><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >$49,596 (2010: $53,724).</font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" > Liabilities relating to the letters of credit are included in current liabilities.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The credit lines of the Company were collateralized by:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(i)</font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Mortgage of the Company&#146;s land, buildings, machinery and equipment with a total carrying amount of $15,792 at December 31, 2011 (2010: $17,177);</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.45pt; MARGIN: 0cm 0cm 0pt 71.95pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(ii)</font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Pledge of short-term deposits and accounts receivables of $12,024 at December 31, 2011 (2010: $16,104);</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(iii)</font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Pledge of not fewer than 112 million shares of Charoong Thai; and &nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(iv)</font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Corporate guarantee issued by the Company and a subsidiary of the Company.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 72pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(v)</font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >A trading facility was secured by the assets with total carrying amount of $31,414&nbsp; of a subsidiary as at December 31, 2011 (2010:$28,484).</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The weighted average interest rates on bank loans and overdrafts as of December 31, 2009, 2010 and 2011 were 4.4%, 3.6% and 3.7% per annum, respectively.</font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >During 2011, CCH (HK) entered into a bank loan agreement with Bangkok Bank Hong Kong Branch with a total cash loan of US$ 14 million and a trade facility of US$ 8 million. The cash loan carries an interest rate of SIBOR (Singapore Inter-bank Borrowing Rate) plus 2.5% for a period of 5.5 years, adjusted quarterly as the SIBOR fluctuates. The bank loan is guaranteed by the Company, as guarantor.&nbsp; As of December 31, 2011, CCH (HK) was not in compliance with certain financial and non-financial loan covenants and the cash loan would become callable on demand. The outstanding balance was classified as a current liability as of December 31, 2011. The Company started negotiation in December 2011 with the Bank on revising the loan covenants and issuing waiver for the default. Up to the date of these financial statements, the negotiation is still in process.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 11.45pt; MARGIN: 0cm 0cm 0pt 36pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></div><!--EndFragment--><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6965416&amp;loc=d3e5066-111524<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 03<br><br> -Paragraph 7<br><br> -Article 9<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Statement of Position (SOP)<br><br> -Number 01-6<br><br> -Paragraph 13<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6965416&amp;loc=d3e5162-111524<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 3, 4<br><br> -Article 5<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(k))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.3,4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 4<br><br> -Section 08<br><br> -Paragraph k<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6965416&amp;loc=d3e5074-111524<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EYGAC">
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          <div style="width: 200px;"><strong>Entity Information<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="text">ASIA PACIFIC WIRE & CABLE CORP LTD<span></span></td>
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        <td class="text">0001026980<span></span></td>
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        <td class="text">--12-31<span></span></td>
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        <td class="text">Non-accelerated Filer<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Entity well-known seasoned issuer</a></td>
        <td class="text">No<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity common stock, shares outstanding</a></td>
        <td class="nump">13,830,769<span></span></td>
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                <p>End date of current fiscal year in the format --MM-DD.</p>
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                <p>No definition available.</p>
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                <p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
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                <p>Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument</p>
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                <p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
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                <p>No definition available.</p>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityFilerCategory</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>dei:filerCategoryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td>na</td>
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                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityVoluntaryFilers</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td>dei:yesNoItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityWellKnownSeasonedIssuer</nobr></td>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ELE">
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        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Note 9 - Earnings (Loss) Per Share<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>EARNINGS (LOSS) PER SHARE</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareTextBlock', window );">EARNINGS (LOSS) PER SHARE [Text Block]</a></td>
        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >9.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >EARNINGS (LOSS) PER SHARE </font></b></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 34.5pt"><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" >The Company computes earnings (loss) per share in accordance with ASC 260</font><i><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" > &#147;Earning Per Share</font></i><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" >&#148;. Basic net earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of&nbsp;common shares outstanding during the period. Diluted net earnings (loss) per share is computed by dividing net income (loss) by the sum of the weighted-average number of&nbsp;common shares outstanding and if dilutive, the potential&nbsp;common shares outstanding during the period.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 71pt"><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" >The following table sets forth the computation of basic and diluted earnings (loss) attributable to&nbsp;common shareholders per share:</font></p><div align="left">&nbsp;</div><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr><td width="49%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /></p></td><td width="2%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /></p></td><td width="49%" nowrap="nowrap" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /></p><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /></p><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /></p><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: center; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" >Years ended December 31,</font></font></p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="49%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="49%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="49%"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >Numerator:</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="HEIGHT: 24.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >Income (loss) attributable to APWC from continuing operations</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="TEXT-INDENT: -16.5pt; MARGIN: 0cm 0cm 0pt 16.5pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 9,858 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0cm 0pt 5.5pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 14,142 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="TEXT-INDENT: -16.5pt; MARGIN: 0cm 0cm 0pt 16.5pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ (6,832)</font></p></td></tr><tr style="HEIGHT: 24.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >Income (loss) attributable to APWC from discontinued operations</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >231 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >(2)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >1,393 </font></p></td></tr><tr style="HEIGHT: 24.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >Net income (loss) attributable to APWC</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 10,089 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 14,140 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="TEXT-INDENT: 17.5pt; MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ (5,439)</font></p></td></tr><tr style="HEIGHT: 15.75pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="49%" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15.75pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="49%" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >Denominator (in number of shares):</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="49%" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="HEIGHT: 27.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >Weighted-average&nbsp;common shares outstanding - basic and diluted</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >13,830,769 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >13,830,769 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 27.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >13,830,769 </font></p></td></tr><tr style="HEIGHT: 24.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><b><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" /></b>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="HEIGHT: 24.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><b><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >Earnings (loss) per share - basic and diluted</font></b></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="HEIGHT: 24.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >Continuing operations</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 0.71 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 1.02 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ (0.49)</font></p></td></tr><tr style="HEIGHT: 24.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >Discontinued operations</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >0.02 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >(0.00)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >0.10 </font></p></td></tr><tr style="HEIGHT: 24.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="49%" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >Total earnings (loss) per share - basic and diluted </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 0.73 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 1.02 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 24.95pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" valign="bottom" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font color="#000000" lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ (0.39)</font></p></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" />&nbsp;</p></div><p style="TEXT-ALIGN: center">&nbsp;</p><!--EndFragment--><span></span></td>
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                <p>The entire disclosure for earnings per share.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1252-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 52<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945512&amp;loc=d3e4984-109258<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 40<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1278-109256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0E3MAC">
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          <div style="width: 200px;"><strong>Consolidated Balance Sheets (Parenthetical) (USD $)<br>In Thousands, except Share data, unless otherwise specified</strong></div>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value</a></td>
        <td class="nump">$ 0.01<span></span></td>
        <td class="nump">$ 0.01<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Authorized shares</a></td>
        <td class="nump">50,000,000<span></span></td>
        <td class="nump">50,000,000<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Issued and outstanding shares</a></td>
        <td class="nump">13,830,769<span></span></td>
        <td class="nump">13,830,769<span></span></td>
      </tr>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 4<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6965416&amp;loc=d3e5074-111524<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Face amount or stated value of common stock per share; generally not indicative of the fair market value per share.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 129<br><br><br><br> -Paragraph 4<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
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                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
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                    <td>na</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockSharesAuthorized</nobr></td>
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                    <td><strong> Data Type:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 3 - Changes In Presentation Of Comparative Financial Statements<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingChangesAndErrorCorrectionsAbstract', window );"><strong>CHANGES IN PRESENTATION OF COMPARATIVE FINANCIAL STATEMENTS</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingChangesAndErrorCorrectionsTextBlock', window );">CHANGES IN PRESENTATION OF COMPARATIVE FINANCIAL STATEMENTS</a></td>
        <td class="text"><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><!--StartFragment--><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang="EN-US" >3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CHANGES IN PRESENTATION OF COMPARATIVE FINANCIAL STATEMENTS</font></b></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >SPFO was consolidated prior to its disposal and it met the criteria for reporting as discontinued operations. Therefore, the results of operations of SPFO and the gain of the disposal have been classified as &#147;Income from operations of discontinued SPFO&#148; in the consolidated statements of operations for the year ended December 31, 2011 and prior periods amounts have been reclassified accordingly.</font></p><!--EndFragment--></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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                    <td><nobr>us-gaap_AccountingChangesAndErrorCorrectionsAbstract</nobr></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 250<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB TOPIC 1.N.Q3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6369664&amp;loc=d3e30840-122693<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 250<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 23<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6368906&amp;loc=d3e21914-107793<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 154<br><br> -Paragraph 17, 22, 25, 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 250<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6801783&amp;loc=d3e22499-107794<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 1<br><br> -Section N<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 250<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6801783&amp;loc=d3e22595-107794<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 250<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6801783&amp;loc=d3e22644-107794<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Note 2 - Basis Of Presentation<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_BasisOfPresentationAbstract', window );"><strong>BASIS OF PRESENTATION</strong></a></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BasisOfAccounting', window );">BASIS OF PRESENTATION</a></td>
        <td class="text"><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><!--StartFragment--><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" lang="EN-US" >2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BASIS OF PRESENTATION</font></b></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (&#147;US GAAP&#148;).&nbsp; The basis of accounting differs from that used in the statutory financial statements of the Company&#146;s subsidiaries and equity investee companies, which are prepared in accordance with the accounting principles generally accepted in their respective countries of incorporation.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All dollar amounts in the financial statements and in the notes herein are U.S. Dollars (&#147;US$&#148;) unless otherwise designated. </font></p><!--EndFragment--></div><span></span></td>
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                <p>The entire disclosure for the basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 14 - Flooding in Thailand<br></strong></div>
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        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >14.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >FLOODING IN THAILAND</font></b></p><p style="MARGIN: 0cm 0cm 0pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33.05pt; MARGIN: 0cm 0cm 0pt 33.05pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Siam Pacific, a wholly owned subsidiary of Charoong Thai, suspended operations temporarily in 2011 due to damage sustained from the region&#146;s recent flooding. The facility of Siam Pacific, located 30 kilometers north of Bangkok, manufactures enameled wire and communication wire. The facility sustained water damage, as the water level reached approximately 1.5 meters which damaged some of the machinery and equipment in the plant, as well as some of the inventory in the warehouse. As a result, the Company recorded $3,947 of flood-related charges, including property, plant and equipment, impairments, repairing charges and a write-down of damaged inventory and recognized $874 of deferred tax asset related to the charges in 2011. These charges are separately stated as a line item, &#147;Charges related to flooding&#148; included in operating expense on the consolidated statement of operations. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company&#146;s insurance policy covers the flood damage to the building, machinery, and inventory; however, it does not cover losses incurred due to the business disruption. The process of submitting claims to the Company&#146;s insurers is still ongoing and the Company is unable to determine of the amount of losses to be recovered from the insurance company. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The following table summarizes the flood related charges for the year ended December 31, 2011:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 34.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="84%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 0pt"><font lang="EN-US" style="FONT-SIZE: 11pt" >Inventory write-down </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 3,572</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="84%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Property, plant and equipment impairment </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >25</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="84%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Repairing charges </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="top"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0cm; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt 8.8pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >350</font></p></div></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="84%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total charges </font></p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -8.8pt; MARGIN: 0cm 0cm 0pt; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 3,947</font></p></td></tr></table></div></div><p style="TEXT-ALIGN: center">&nbsp;</p><!--EndFragment--><span></span></td>
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                <p>The entire disclosure for any additional information related to the determination or classification of material events or transactions (that would not reasonably be expected to recur in the foreseeable future) that possesses a high degree of abnormality and are incidentally related to, the ordinary and typical activities of the entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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          <div style="width: 200px;"><strong>Note 10 - Valuation And Qualifying Accounts<br></strong></div>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock', window );">Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]</a></td>
        <td class="text"><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><!--StartFragment--><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 11pt" lang="EN-US" >10.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 11pt" >VALUATION AND QUALIFYING ACCOUNTS</font></b></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 9pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="bottom"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Description</font></u></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Balance at beginning of year</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Net charge (credit) to income</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Deduction</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Currency translation adjustment</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Balance at </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >end of year</font></p></div></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Year ended December 31, 2009:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: 0.5pt; MARGIN: 0cm 2pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Allowance for doubtful accounts</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 9,644</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ (860)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ (326)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 236</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 8,694&nbsp; </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Inventory impairment</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-INDENT: 0.5pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -78.4pt; MARGIN: 0cm 5pt 0cm 73pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >- Lower of cost or market </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >26,282</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >(24,268)&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >42</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >1,158</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >3,214&nbsp; </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >- Obsolescence</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >433</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >319&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >(6)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >35 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >781&nbsp; </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Allowance for deferred tax assets</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >6,683</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >(4,781)&nbsp; </font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >-</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >587</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >2,489 </font></p></div></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 43,042 </font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ (29,590)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.55pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ (290)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 2,016&nbsp; </font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 15,178</font></p></div></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Year ended December 31, 2010:</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1.5pt 0pt 2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Allowance for doubtful accounts</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 8,694</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ (1,317)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ (1,063)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 572&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 6,886&nbsp; </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Inventory impairment</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1.5pt 0pt 2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -78.4pt; MARGIN: 0cm 5pt 0cm 73pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >- Lower of cost or market </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >3,214</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1.4pt 0pt 2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >(2,219)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >201&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >1,196&nbsp; </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >- Obsolescence</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >781</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1.5pt 0pt 2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >245</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >93&nbsp;</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >1,119&nbsp; </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Allowance for deferred tax assets</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >2,489</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 2pt; BORDER-TOP: medium none; MARGIN-RIGHT: 1.4pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >2,460</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >-</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >(132)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >4,817 </font></p></div></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 15,178</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" >$ (831)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" >$ (1,063)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 734&nbsp; </font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 14,018&nbsp; </font></p></div></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Year ended December 31, 2011:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1.5pt 0pt 2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Allowance for doubtful accounts</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 6,886</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ (1,555)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ (664)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ (53)&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 4,614&nbsp; </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Inventory impairment</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1.5pt 0pt 2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -78.4pt; MARGIN: 0cm 5pt 0cm 73pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >- Lower of cost or market </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >1,196</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >1,725</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >(888)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >(14)&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >2,019&nbsp; </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >- Obsolescence</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >1,119</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >268</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 2pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 1pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >(81)&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >1,306&nbsp; </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: 0.45pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >- Charges related to flooding</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="TEXT-JUSTIFY: inter-ideograph; MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >3,572</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0.1pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >-&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="LINE-HEIGHT: 11pt; MARGIN: 0cm 3pt 0cm 0cm" align="right"><font lang="EN-US" style="FONT-SIZE: 9pt" >(130)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0px 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >3,442&nbsp; </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >Allowance for deferred tax assets</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >4,817 </font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >(3,942)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >-</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >-&nbsp;&nbsp; </font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 3pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >875 </font></p></div></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="30%" valign="top"><p style="TEXT-ALIGN: left; TEXT-INDENT: -4.4pt; MARGIN: 0cm 5pt 0cm 0pt" align="left"><font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$14,018 </font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" >$ 68</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 2pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 0.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 16pt; FONT-SIZE: 9pt" >$ (1,552)</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 1pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ (278)&nbsp; </font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0px 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; WORD-BREAK: break-all; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" >$ 12,256&nbsp; </font></p></div></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >During 2009, the copper prices on London Metal Exchange (the &#147;LME&#148;) gradually rose from $3,220 in January 2009 to $6,981 in December 2009. The previous recognized impairment of $24,268 due to lower of cost or market was credited to cost of sales for those finished goods which were sold at above market in 2009. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >During 2010, the Company exercised rigorous controls over raw-material inventory and through long-term copper future contacts reduced its exposure to the fluctuations in market prices for copper, which resulted in a significant reduction in the inventory impairment. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >During 2011, the decrease in commodity prices, including that of copper, resulted in a write-down of the cost of the inventory as of December 31, 2011. Copper prices on the LME fell from an average monthly price high of $9,555 in January 2011 to $7,657 in December 2011. As a result, inventory write-down to market of $1,725 was charged to cost of sales for the year ended December 31, 2011.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The impairment charge of $3,572 was related to flooding in Thailand (note 14).</font></p><!--EndFragment--></div><span></span></td>
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                <p>The entire disclosure for any allowance and reserve accounts (their beginning and ending balances, as well as a reconciliation by type of activity during the period). Alternatively, disclosure of the required information may be within the footnotes to the financial statements or a supplemental schedule to the financial statements.</p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 6 - Goodwill<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract', window );"><strong>GOODWILL [Abstract]</strong></a></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock', window );">GOODWILL</a></td>
        <td class="text"><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><!--StartFragment--><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >6.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >GOODWILL&nbsp;</font></b></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Goodwill of $8,801 as of December 31, 2010 relating to the manufactured products segment and the changes in the carrying amount of goodwill are as follows: </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="85%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Balance as of December 31, 2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 8,801</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="85%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Disposal of a subsidiary </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(10)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="85%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Impairment charge</font></p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(8,791)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="85%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Balance as of December 31, 2011</font></p></td><td style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #cceeff" width="15%" valign="top" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$</font>&nbsp;-<font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp; </font></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.1pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In accordance with ASC 350, the Company assessed the fair value of the reporting unit as of December 31, 2011. The Company adopted the discounted cash flow approach and, considering that the reporting unit constituted the majority of the overall consolidated group, by reference to the closing price of its common stock on that date as well as an assumed control premium. From January 2011 to December 2011, the stock market downturn caused a decline in the Company&#146;s stock price by 54.8%, which resulted in a significant reduction in the Company&#146;s market capitalization. As of December 31, 2011, the assessed fair value was below the carrying value of the reporting unit. The Company then performed a hypothetical purchase price allocation using the fair value of reporting unit and determined that the goodwill was fully impaired. As a result, the Company recognized a goodwill impairment charge of $8,791 for the year ended December 31, 2011 as a separate item in the consolidated statements of operations. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.1pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><!--EndFragment--></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final.  May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13816-109267<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905858&amp;loc=d3e16265-109275<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 42, 43, 44, 45, 46, 47<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905858&amp;loc=d3e16373-109275<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905858&amp;loc=d3e16323-109275<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13854-109267<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 4 - Summary Of Significant Accounting Policies<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SignificantAccountingPoliciesTextBlock', window );">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</a></td>
        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >4.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </font></b></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Principles of Consolidation</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The consolidated financial statements include the accounts of the Company and its subsidiaries.&nbsp; All intercompany accounts and transactions have been eliminated on consolidation.&nbsp; The Company&#146;s investments for which its ownership exceeds 20%, but which are not majority-owned or controlled, are accounted for using the equity method if the Company has the ability to exercise significant influence over the companies&#146; operating and financial policies. When the Company&#146;s carrying value in an equity investee company is reduced to zero, no further losses are recorded in the Company&#146;s consolidated financial statements unless the Company has guaranteed obligations of the investee company or has committed additional funding. When the investee company subsequently reports income, the Company will not record its share of such income until it equals the amount of its share of losses not previously recognized.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Use of Estimates</font></u></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The preparation of the consolidated financial statements in conformity with generally accepted accounting principles accepted in the United States requires management to make estimates, judgements, and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates reflected in the Company&#146;s consolidated financial statements include, but are not limited to, useful lives and residual values of long-lived assets, impairment assessment of long-lived assets and goodwill, allowance for accounts and other receivable, accounting for deferred income tax, income tax position, inventory valuation, valuation allowance of deferred tax assets. Actual results could differ from those estimates.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Cash and Cash Equivalents</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents includes cash on hand, bank deposits and all short-term highly liquid investments with an original maturity of three months and are readily convertible to known amounts of cash.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Inventories&nbsp;</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories are valued at the lower of cost or market. Cost is determined using the first-in, first-out or weighted average method.</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >If the expected selling price less completion costs and costs to execute sales (market) is lower than the carrying amount, a write-down is charged to expenses in cost of sales for the amount by which the carrying amount exceeds its market. When the finished goods that were previously written down to market are subsequently sold at above market, a recovery is credited to cost of sales. See note 10 - Valuation and Qualifying Accounts. </font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Income Taxes</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company follows the liability method of accounting for income taxes in accordance with ASC 740, &#147;</font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Income Taxes</font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&#148; (&#147;ASC 740&#148;). Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:arial,sans-serif"/>&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Current income tax expense is the amount of income taxes expected to be payable for the current year. Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax basis and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered. ASC 740, requires that deferred tax assets be evaluated for future realization and reduced by a valuation allowance to the extent the Company believes a portion will not be realized.&nbsp; The Company considers many factors when assessing the likelihood of future realization of its deferred tax assets, including its recent cumulative earnings experience and expectations of future taxable income by taxing jurisdiction, the carry-forward </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >periods available to the Company for tax reporting purposes, and other relevant factors. Deferred income tax expense (benefit) is the net change during the year in the deferred income tax asset or liability.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company adopted the provisions of ASC 740 to</font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > </font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >account for uncertainties in income taxes.&nbsp; ASC 740 contains a two-step approach to recognizing and measuring uncertain tax positions.&nbsp; The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any.&nbsp; The second step is to measure the tax benefit as the largest amount, which is more than 50% likely of being realized upon ultimate settlement.&nbsp; The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and which may not accurately anticipate actual outcomes. The Company&#146;s policy is to recognize interest expense and penalties related to income tax matters as a component of income tax expense.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Property, Plant and Equipment</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Property, plant and equipment are stated at cost less depreciation and any impairment losses. Asset leases qualifying as capital leases are also included in property, plant and equipment. Major renewals and improvements are capitalized and minor replacements, maintenance, and repair expenses are charged to current operations as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of the assets or the respective lease term, whichever is shorter, as follows:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="BORDER-COLLAPSE: collapse" border="0" cellpadding="0" cellspacing="0"><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="39%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >Land</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 30pt"><font lang="EN-US" style="FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >Nil</font></font></p></td></tr><tr ><td width="39%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >Land use rights</font></font></p></td><td width="61%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 30pt"><font lang="EN-US" style="FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >15 - 50 years</font></font></p></td></tr><tr ><td width="39%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >Buildings</font></font></p></td><td width="61%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 30pt"><font lang="EN-US" style="FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >5 - 30 years</font></font></p></td></tr><tr ><td width="39%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >Machinery and equipment</font></font></p></td><td width="61%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 30pt"><font lang="EN-US" style="FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >5 - 10 years</font></font></p></td></tr><tr ><td width="39%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >Motor vehicles</font></font></p></td><td width="61%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 30pt"><font lang="EN-US" style="FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >3 - 10 years</font></font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="39%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="FONT-SIZE: 11pt" >Office equipment</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 30pt"><font lang="EN-US" style="FONT-SIZE: 11pt" >3 - 10 years</font></p></td></tr></table></div><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >No depreciation expense is charged for construction in progress and machinery and equipment under installation.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Capitalized interest on construction in progress is added to the cost of the underlying asset and is depreciated over the estimated useful life of the asset in the same manner as the underlying asset. Interest capitalized for 2010 and 2011 amounted to $nil and $9, respectively. The capitalized interest was related to and has been included as part of the cost of Ningbo Pacific&#146;s construction in progress.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >When property and equipment are retired, sold or otherwise disposed of, the asset&#146;s carrying amount and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In 2006, the Company terminated the Ningbo Pacific joint venture and liquidated its major equipment at the Ningbo Pacific facility. In October 2009, the Company has made a resolution to acquire an additional 5.42% shareholding of Ningbo Pacific from the Republic of China (&#147;PRC&#148;) joint venture partner. The Company plans to resume manufacturing operation with new constructed facilities at the Ningbo Pacific site.&nbsp; The acquisition of additional shareholding is expected to be completed in early 2013. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font color="fuchsia" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp; &nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Goodwill</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill represents the excess of the cost of purchased business over the fair value of the underlying net assets acquired. Goodwill, is not amortized, but tested for impairment at least annually or more frequently if circumstances indicate that impairment may exist.&nbsp; The Company determined it has three reporting units in which the entire goodwill was allocated to manufactured product segment.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In accordance with ASC 350 </font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&#147;Intangible - Goodwill and Others&#148;</font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >, (&#147;ASC 350&#148;), the Company performed a two-step test to assess goodwill impairment as of December 31, 2011. First, the Company identifies potential goodwill impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company determines fair value using a discounted cash flow approach and makes reference to the market capitalization of the Company. If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of goodwill impairment loss. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Based on the Company&#146;s assessment conducted as of December 31, 2011, the Company recognized goodwill impairment charges of $8,791, and the carrying amount was $nil as of December 31, 2011. See note 6 - Goodwill. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Investments&nbsp;</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Management determines the appropriate classification of its investments at the time of purchase and re-evaluates such designation as of each balance sheet date.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company accounts for its investments in equity securities of privately-held companies as cost method investment in accordance to ASC 325</font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >, &#147;Investments - Others&#148;</font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > as these securities do not have readily determinable fair value. Investments in which the Company does not have a controlling interest or an ownership voting interest to exert significant influence, and which are not publicly traded are accounted for at cost.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company accounts for its investments in equity securities that have readily determinable fair value using ASC 320</font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >, &#147;Investments - Debt and Equity Securities&#148;</font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >. Equity securities are classified as available-for-sale, as the Company does not trade in these securities, but rather they are held as longer term investments due to business relationships with the entities. Available-for-sale securities are carried at fair value,</font><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > with the unrealized gains and losses, net of tax, reported in a separate component of shareholders&#146; equity.</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp; Realized gains and losses and declines in values judged to be other-than-temporary on available-for-sale securities are included in investment income.&nbsp; The cost of securities sold is based on the specific identification method.&nbsp; Interest and dividends on securities classified as available-for-sale are included in investment income.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Investments in entities in which the Company can exercise significant influence but does not own a majority equity interest or control are accounted for using the equity method of accounting under ASC sub-topic 323-10, </font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&#147;Investments-Equity Method and Joint Ventures: Overall&#148; </font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(&#147;ASC 323-10&#148;), and included as investment in equity investees in the balance sheets. Under the equity method, the Company&#146;s proportionate share of each equity investee&#146;s net income or loss is included as share of income (losses) in equity investees in the statements of operations. An investor shall record its proportionate share of the investee&#146;s equity adjustments for other comprehensive income (e.g. foreign currency items, etc) as increase or decrease to the investment account with corresponding adjustment in equity. The Company evaluated the investment in equity investee for impairment under ASC 323-10. An impairment loss on the investment in equity investee is recognized in the statements of operations when the decline in value is determined to be other-than-temporary.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A judgmental aspect of accounting for investments (including investments in equity investees) involves determining whether an other-than-temporary decline in value of the investment has been sustained.&nbsp; If it has been determined that an investment has sustained an other-than-temporary decline in its value, the investment is written down to its fair value, by a charge to earnings.&nbsp; Such evaluation is dependent on the specific facts and circumstances.&nbsp; Factors that are considered by the Company in determining whether an other-than-temporary decline in value has occurred include: the market value of the security in relation to its cost basis; the financial condition of the investee; and the intent and ability to retain the investment for a sufficient period of time to allow for recovery in the market value of the investment. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In 2009, 2010 and 2011, the Company recorded an impairment charge of $nil, $346 and $nil, respectively, related to certain available-for-sale investment.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Impairment of Long-Lived Assets</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company accounts for impairment of long-lived assets in accordance with ASC 360</font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >, &#147;Property, Plant and Equipment&#148;</font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >.&nbsp; Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.&nbsp; In such instances, the Company estimates the undiscounted future cash flows that result from the use of the asset and its ultimate disposition.&nbsp; If the sum of the undiscounted cash flows is less than the carrying value, the Company recognizes an impairment loss, measured as the amount by which the carrying value exceeds the fair value of the asset group, determined principally using discounted cash flows.&nbsp; </font></p><p style="MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In 2009, the Company recorded an impairment charge of $77 related to the impairment of a factory in Thailand (included in the manufactured products segment) that is not being used for operation.&nbsp; The impairment charge was recorded to reduce the carrying value of the identified assets to fair values. Fair values were derived using a variety of methodologies, including cash flow analysis, estimates of sales proceeds and independent appraisals. Where cash flow analyses were used to estimate fair values, key assumptions employed, included estimates of future growth, estimates of gross margins and estimates of the impact of inflation. The charges were primarily the result of management&#146;s revised outlook due to the prolonged unfavorable market conditions.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >There was no impairment charge in 2010. In 2011, the Company recorded an impairment charge of $25 related to the damage to Siam Pacific&#146;s machinery due to the flooding in Thailand. The impairment is stated as a line item, &#147;Charges related to flooding&#148; within operating expenses. See note 14. </font></p><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Account Receivables and allowance for doubtful accounts</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Accounts receivables are stated at face value less any allowance for doubtful accounts.&nbsp;The Company maintains allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Management considers the following factors when determining the collectability of specific customer accounts: customer credit-worthiness, customer financial condition, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Lease obligations </font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In accordance with ASC 840, Leases, leases for a lessee are classified at the inception date as either a capital lease or an operating lease. The Company assesses a lease to be a capital lease if any of the following conditions exist: a) ownership is transferred to the lessee by the end of the lease term, b) there is a bargain purchase option, c) the lease term is at least 75% of the property&#146;s estimated remaining economic life or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased property to the lessor at the inception date. A capital lease is accounted for as if there was an acquisition of an asset and an incurrence of an obligation at the inception of the lease. The capitalized lease obligation reflects the present value of future rental payments, discounted at the appropriate interest rates. The cost of the asset is amortized over the lease term. However, if ownership is transferred at the end of the lease term, the cost of the asset is amortized as set out below under property, plant and equipment. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Operating lease expenses are recognized on a straight-line basis over the applicable lease term.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -1pt; MARGIN: 0cm 0cm 0pt 36pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Revenue Recognition</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenue represents the invoiced value of goods sold, net of value added tax and returns, invoiced value on distribution activities, and service fee income on installation activities.&nbsp; Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognized. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Sales of manufactured goods and distributed products </font></i></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company recognizes revenue from the sale of manufactured goods and distributed products upon passage of title to the customer that coincides with their delivery and acceptance. These revenue recognition are recognized in accordance with </font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >SEC Staff Accounting Bulletin (SAB) No. 104.</font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > The Company recognizes its revenue of sale of distributed products at gross as the Company is the primary obligor in the transaction. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company classifies shipping and handling costs incurred within cost of sales.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Supply, Delivery and Installation</font></i></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company&#146;s supply, delivery and installation services are considered as multiple elements arrangements and are accounted for in accordance with ASC subtopic 605-25, </font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&#147;Revenue Recognition: Multiple-Element Arrangements&#148; </font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(&#147;ASC 605-25&#148;). Elements such as installation service and sale of cables are considered as separate elements contained in a single arrangement, or in related arrangements with the same customer. The Company allocates revenue to each element based on its relative fair value. The allocation of the fair value to the delivered elements is limited to the amount that is not contingent on future delivery of services or subject to customer-specified return or refund privileges.&nbsp; The Company prospectively adopted Accounting Standards Update (&#147;ASU&#148;) No. 2009-13, Multiple-Deliverable Revenue Arrangements (&#147;ASU 2009-13&#148;), a consensus of the FASB Emerging Issues Task Force that amends ASC 605-25, on January 1, 2011. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In accordance with ASU 2009-13, certain delivered items in multiple-element arrangements, which previously would not qualify for separate units of accounting due to the lack of vendor-specific objective evidence or third-party evidence of selling price, are accounted for as separate units of accounting, to which the total consideration of the arrangements is allocated based on management&#146;s best estimate of the selling price (&#147;BESP&#148;). We consider all reasonably available information in determining the BESP, including both market and entity-specific factors. The adoption of ASU 2009-13 does not have a material effect on our financial statements, the units of accounting and the pattern and timing of revenue recognition is not changed materially. </font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company recognizes revenue from installation activities using the percentage-of-completion method, based on the customer certification of the distance of cable laid with respect to the estimated total contract revenue, and in accordance with ASC 605-35, &#147;Revenue Recognition-Construction-Type and Production-Type Contracts&#148;. The timing of revenue recognition of cable sales and installation services are substantially identical.</font></p><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Bill-and-hold arrangements</font></i></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></i>&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company recognizes revenue of sale of cables under bill-and-hold arrangements requested by certain customers in Thailand, in accordance with SAB 104.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As at December 31, 2009, 2010 and 2011, the revenue recognized under bill-and-hold arrangements where the cables were yet delivered was $8.6 million, $17.9 million and $5.8 million, respectively.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 38.5pt; MARGIN: 0cm 0cm 0pt"><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Customers&#146; incentive </font></i></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company offers sales incentives in connection with power cable sales to wholesalers and distributors. These incentives include both rebates offered to customers for purchasing a certain volume of product during the year and settlement discounts for early payment of sales invoices. Both forms of incentives are recognized as a reduction to gross sales.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: left; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 36pt"><u><font lang="EN-US" style="FONT-SIZE: 11pt" >Foreign Currency Translation and Transactions</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The functional currency of the Company&#146;s international subsidiaries is generally the local currency or U.S. Dollars.&nbsp; For these subsidiaries, the Company translates the assets and liabilities at exchange rates in effect at the balance sheet date and income and expense accounts at average exchange rates during the year.&nbsp; Resulting currency translation adjustments are recorded directly to accumulated other comprehensive income within stockholders&#146; equity.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Foreign currency transactions are recorded at the applicable rates of exchange in effect at the transaction dates.&nbsp; Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date.&nbsp; Gains and losses from foreign currency transactions are recorded in the consolidated statements of operations.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: left; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="FONT-SIZE: 11pt" >&nbsp;</font><u><font lang="EN-US" style="FONT-SIZE: 11pt" >Foreign Currency Forward Contracts</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company recognizes derivative financial instruments in the consolidated financial statements at fair value regardless of the purposes or intent for holding the instrument. Changes in the fair value of derivative financial instruments are either recognized periodically in income or in shareholders&#146; equity as a component of comprehensive income depending on whether the derivative financial instruments qualify for hedge accounting, and if so, whether they qualify as a fair value or cash flow hedge. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Generally, changes in fair values of derivatives accounted for as fair value hedges are recorded in income along with the portions of the changes in the fair value of the hedged items that relate to the hedged risks. Changes in fair value of derivatives accounted for as cash flow hedges, to the extent they are effective as hedges, are recorded in other comprehensive income net of deferred taxes. Changes in fair value of derivatives used as hedges of the net investment in foreign operations are reported in other comprehensive income as part of the cumulative translation adjustment. Changes in fair values of derivatives not qualifying as hedges are reported in the consolidated statements of operations. </font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company&#146;s subsidiaries use forward foreign exchange contracts to reduce their exposure to foreign currency risk for liabilities denominated in foreign currency. A forward foreign exchange contract obligates the Company to exchange predetermined amounts of specified foreign currencies at specified exchange rates on specified dates or to make an equivalent U.S. dollar payment equal to the value of such exchange.&nbsp; Realized and unrealized gains and losses on foreign exchange contracts are included as foreign exchange gains or losses in the consolidated statements of operations as such contracts do not qualify for hedge accounting.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31, 2010 and 2011, the Company had outstanding forward exchange purchase contracts with notional values of $nil and $2,317, respectively. The outstanding forward exchange contracts as of December 31, 2011 matured in January 2012. The Company records these contracts at fair value with the related gains and losses of $nil, $nil and $64, for the years ended December 31, 2009, 2010 and 2011, respectively in the consolidated statements of operations. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0cm 0pt 36pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Copper Future Contracts</font></u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > &nbsp;</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Copper future contracts are designed to manage the Company&#146;s consolidated exposure to change in inventory value due to fluctuations in market prices for selected operating units. Within the ordinary course of business the Company routinely enters into purchase transactions for copper. The majority of these transactions take the form of contracts that were entered into and continue to be held for the purpose of receipt or delivery of the copper in accordance with the Company&#146;s expected sales or production timing or usage requirements. Such contracts are not within the scope of hedging accounting, or derivatives. To date, these contract positions have not had a material effect on the Company&#146;s financial position, results of operations or cash flow.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Earnings (Loss) Per Share</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic and diluted earnings (loss) per share are calculated in accordance with ASC 260</font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >, &#147;Earnings Per Share&#148;</font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >.&nbsp; There are no dilutive equity instruments for all periods presented. </font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Fair Value Measurements</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Effective from January 1, 2008, the Company adopted the provisions of ASC 820</font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >, &#147;Fair Value Measurements and Disclosures&#148;</font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > for financial assets and liabilities. Under ASC 820, fair value is defined as the price that would have been received to sell an asset or paid to transfer a liability (i.e., the &#147;exit price&#148;) in an orderly transaction between market participants at the measurement date. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In determining fair value, the Company uses various valuation approaches. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company&#146;s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the observability of inputs as follows:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&#149;&nbsp;&nbsp; Level 1 - Valuations based on quoted prices in active markets for identical assets that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 instruments. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&#149;&nbsp;&nbsp; Level 2 - Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&#149;&nbsp;&nbsp; Level 3 - Valuations based on unobservable inputs which are supported by little or no market activity and significant to the overall fair value measurement.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0cm 54.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The availability of observable inputs can vary from investment to investment and is affected by a wide variety of factors, including, for example, the type of investment, the liquidity of markets and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment and the investments are categorizes as Level 3. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The carrying amounts of financial instruments, including cash and cash equivalents, bank deposits, trade receivables, other current assets, trade payables, related party balances and other liabilities approximate their fair value due to the short-term maturities of such instruments.</font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0cm 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0cm 0pt 35.8pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Recent Pronouncements</font></u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > &nbsp;</font></p><p style="MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In May 2011, the FASB issued an additional guidance ASU 2011-04&nbsp; &#147;Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs&#148; which clarifies the application of existing fair value measurement and disclosure requirements, changes certain fair value measurement principles and requires additional disclosures about fair value measurements. The updated guidance is effective on a prospective basis for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2011. The adoption of this guidance will not have a material impact on the Company&#146;s consolidated financial statements.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 33.3pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In June 2011, the FASB issued an ASU 2011-05</font><font lang="ZH-TW" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; font:pmingliu">&#147;</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Presentation of Comprehensive Income&#148; which amended guidance for the presentation of comprehensive income. The amended guidance requires the presentation of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The amended guidance also requires presentation of adjustments for items that are reclassified from other comprehensive income to net income in the statement where the components of net income and the components of other comprehensive income are presented. The amended guidance is effective on a retrospective basis for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2011. The Company believes the adoption of this update will change the order in which certain financial statements are presented and provide additional detail on those financial statements when applicable, but will not have any other impact on its financial statements or results of operations. The Company plans to adopt this standard with effect during and from the interim period ended March 31, 2012.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 33pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In December 2011, ASU No. 2011-12, &#147;Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05&#148;. This ASU defers the changes in ASU 2011-05 that relate to the presentation of reclassification adjustments and supersedes certain pending paragraphs. ASU 2011-12 will be applied retrospectively. ASU 2011-12 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted. The Company believes the adoption of this update will change the order in which certain financial statements are presented and provide additional detail on those financial statements when applicable, but will not have any other impact on its financial statements or results of operations. The Company plans to adopt this standard during the interim period ended March 31, 2012.</font></p></div><!--EndFragment--><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountingPoliciesAbstract</nobr></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for all significant accounting policies of the reporting entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18743-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18854-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 22<br><br> -Paragraph 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18861-107790<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18726-107790<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Note 5 - Short-term bank deposits<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_ShorttermBankDepositsAbstract', window );"><strong>SHORT-TERM BANK DEPOSITS</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_ShorttermBankDepositsTextBlock', window );">SHORT-TERM BANK DEPOSITS</a></td>
        <td class="text"><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><!--StartFragment--><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >5.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >SHORT-TERM BANK DEPOSITS </font></b></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="MARGIN: 0cm 73.35pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="32%" valign="top" colspan="3"><p style="TEXT-ALIGN: center; TEXT-INDENT: 22pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31 </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="MARGIN: 0cm 73.35pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"><p style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="center"><font lang="EN-US" style="FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="center"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"><p style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0.7pt 0cm 0cm" align="center"><font lang="EN-US" style="FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="MARGIN: 0cm 73.35pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="MARGIN: 0cm 14.15pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Unrestricted short-term bank deposits</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;<font style="FONT-SIZE: 11pt" >$ </font>- </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.55pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font style="FONT-SIZE: 11pt" >$</font>&nbsp;2,529</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 14.15pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Restricted short-term bank deposits </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >17,422</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >12,024</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="MARGIN: 0cm 73.35pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$&nbsp;17,422</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0.55pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$&nbsp;14,553</font></p></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Short-term bank deposits are deposits with maturities of more than three months but less than one year. Restricted short-term bank deposits represent the amounts of cash pledged by two subsidiaries in Thailand to secure credit facilities granted by financial institutions. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >These bank deposits bear interest rates ranging from 0.06% to 1.98% and 0.3% to 3.7% per annum as of December 31, 2010 and 2011, respectively.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><!--EndFragment--></div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 7 - Investments<br></strong></div>
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          <div>Dec. 31, 2011</div>
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        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >7.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >INVESTMENTS&nbsp;</font></b></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >A summary of the carrying values and balance sheet classification of all investments in privately-held equity securities and available-for-sale securities was as follows:&nbsp; </font></p><p style="TEXT-ALIGN: center; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="34%" valign="top" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top" colspan="2"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top" colspan="2"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top" colspan="2"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top" colspan="2"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Available-for-sale securities, at fair value</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="8%" valign="top" align="right"><p style="MARGIN: 0cm 10.5pt 0pt 0cm; WORD-BREAK: break-all" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ </font></p></td><td width="8%" valign="top" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;92</font></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="8%" valign="top" align="right"><p style="MARGIN: 0cm 7.1pt 0pt 0cm; WORD-BREAK: break-all" align="left"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ </font></p></td><td width="8%" valign="top" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;-</font></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Equity securities in privately-held companies, at cost</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right" colspan="2"><p style="MARGIN-TOP: 0cm; MARGIN-BOTTOM: 0cm; MARGIN-LEFT: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >652</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN-TOP: 0cm; MARGIN-BOTTOM: 0cm; MARGIN-LEFT: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="bottom" align="right" colspan="2"><p style="MARGIN-TOP: 0cm; MARGIN-BOTTOM: 0cm; MARGIN-LEFT: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >618</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total investments</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="8%" valign="top" align="right"><p style="MARGIN: 0cm 10.55pt 0pt 0cm" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ </font></p></td><td style="BORDER-BOTTOM: #000000 3px double" width="8%" valign="top" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;744</font></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="8%" valign="top" align="right"><p style="MARGIN: 0cm 7.1pt 0pt 0cm; WORD-BREAK: break-all" align="left"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ </font></p></td><td style="BORDER-BOTTOM: #000000 3px double" width="8%" valign="top" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;618</font></td></tr></table></div><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >The investments in equity securities in privately-held companies are recorded at cost as their market value is not readily determinable. It consists of the investment in Thai Metal Processing Co., Ltd, which is engaged in the fabrication of copper rods.&nbsp;&nbsp; </font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -38.5pt; MARGIN: 0cm 0cm 0pt 35.5pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The investments in available-for-sale securities above represent the investments in TT&amp;T Public Company Limited (TT&amp;T), which is listed on the Stock Exchange of Thailand. Its principal activity is the operation of a provincial telephone network throughout Thailand and services include, fixed line telephone, pay phone, data communication and distribution of telephone equipment. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -33pt; MARGIN: 0cm 0cm 0pt 33pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >During 2011, the Company recorded an unrealized loss of $68 on its investments in TT&amp;T in other comprehensive income. In June 2011, the Company sold the investments in TT&amp;T and received the proceeds of $24. The amount of unrealized loss of $68 was reclassified out of accumulated other comprehensive income into consolidated statements of operations.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></div><!--EndFragment--><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of investments in certain debt and equity securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes.  A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6872113&amp;loc=d3e27405-111563<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6379141&amp;loc=d3e15032-111544<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Equity Security<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6511694<br><br> -Topic 320<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6872113&amp;loc=d3e27161-111563<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Debt Security<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509901<br><br> -Topic 320<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 3, 19, 20, 21, 22, 137<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6872113&amp;loc=d3e27232-111563<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6872113&amp;loc=d3e27357-111563<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 320<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957658&amp;loc=d3e62557-112803<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6872113&amp;loc=d3e27290-111563<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 12 - Value Add Tax ("VAT")<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_ValueAddedTaxDisclosureTextBlock', window );">VALUE ADDED TAX ("VAT")</a></td>
        <td class="text"><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><!--StartFragment--><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >12.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >VALUE ADDED TAX (&#147;VAT&#148;)</font></b></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 37.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 37.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >According to the value-added tax policy from the relevant tax authorities, the sales are subject to an output VAT, while the purchase of products is subject to an input VAT. VAT payable or receivable is the net difference between periodic output VAT and deductible input VAT. The revenue, expenses and assets are recognized net of the amount of VAT except where the VAT incurred in a purchase of assets or services is not recoverable from taxation authority, in which case the VAT is recognized as part of the cost of acquisition of the assets or as part of the expenses item as applicable. Receivable and payable that are stated with the VAT incurred. The net amount of VAT recoverable from, or payable to, the taxation authority is included as part of receivable or payable in the balance sheet.</font></p><p style="TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The VAT rates of our Operating Subsidiaries in various tax jurisdictions are:</font></p><p style="TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="39%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 22.5pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >China </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="61%" valign="top" colspan="2"><p style="TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 56.65pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >17%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="39%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 22.5pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Singapore</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="61%" valign="top" colspan="2"><p style="TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 56.65pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >7%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="39%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 22.5pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Thailand</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="61%" valign="top" colspan="2"><p style="TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 56.65pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >6%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="39%" valign="top"><p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Australia </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="58%" valign="top"><p style="TEXT-INDENT: -0.05pt; MARGIN: 0cm 0cm 0pt 56.65pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >10%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="3%"><p style="MARGIN: 0cm 0cm 0pt"><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="39%" valign="top"><p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr></table></div><!--EndFragment--></div><span></span></td>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 17 - Related Party Balances And Transactions<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="MARGIN: 0cm 0cm 0pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >17.&nbsp;&nbsp;&nbsp; RELATED PARTY BALANCES AND TRANSACTIONS&nbsp;&nbsp; </font></b></p><p style="MARGIN: 0cm 0cm 0pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The related parties are defined as affiliates of the Company; entities for which investments are accounted for by the equity method by the Company; the principal owners of the Company; its management; members of the immediate families of the principal owners of the Company and its management.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Moon View, PEWC, Singapore Branch and PEWC Singapore Co. (Pte) Ltd are controlled by PEWC.&nbsp; Moon View is the immediate holding company of the Company. Italian-Thai is the minority shareholder of one of the Company&#146;s Operating Subsidiaries in Thailand. Shandong Yanggu is the shareholder of one of the Company&#146;s Operating Subsidiaries in China. SPHC is one of the Company&#146;s equity investees. Fujikura Limited is a shareholder of one of the Company&#146;s Operating Subsidiaries in Thailand. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="32%" valign="top" colspan="3"><p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >December 31, </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Due from:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >PEWC</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 1,628&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 1,797&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >PEWC, Singapore Branch</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,030&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,071&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -8.6pt; MARGIN: 0cm 0.55pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Italian-Thai Development Public Company Limited (&#147;Italian-Thai&#148;) and its affiliates</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,346&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,180&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >SPHC</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,631&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,179&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0cm 11pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Shandong Yanggu Wire &amp; Cable Corp Ltd (&#147;Shandong Yanggu&#148;) </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></p><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >514&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></p><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Others</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >97</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 8,246</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 5,227</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Due to:</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >PEWC</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 11,389&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 9,490&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >PEWC, Singapore Branch</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >891&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >893&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >PEWC Singapore Co. (Pte) Ltd.</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,262&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,276&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Shandong Yanggu </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >9&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Fujikura Limited</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >224&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >184&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Thai Metal Processing Co., Ltd.</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >112&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >60&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -8.6pt; MARGIN: 0cm 0.55pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >SPHC</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,858&nbsp; </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,384&nbsp; </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td height="27" style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Shandong Huayu</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >395</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >406</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 17,140</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 14,693</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Short-term loan from:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Moon View Ventures Limited (&#147;Moon View&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 1,732</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 1,732</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="64%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.55pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 15pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 1,732</font></p></div></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="bottom" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="bottom" align="right"><div style="BORDER-BOTTOM: windowtext 3px double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 5pt 0cm 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 1,732</font></p></div></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The interest rates on the above balances with related parties range from 1.25% to 1.38% and are repayable upon demand. All balances with related parties are unsecured.</font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The transactions undertaken with related parties are summarized as follows:</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 6.75pt; MARGIN-RIGHT: 6.75pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="46%" valign="top" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31, </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Purchases of copper from PEWC</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 33,426 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 42,236 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 44,466 </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Purchases of power cables from PEWC</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >12,211</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,846</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >7,164</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -14.2pt; MARGIN: 0cm 0.7pt 0pt 14.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Purchases of raw materials from Thai Metal Processing Co. Ltd</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >955</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,153</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,139</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Purchases of goods from PEWC</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >11,247</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >210</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >320</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Purchases of goods from Fujikura Limited</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,946</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,536</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,348</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Sales to Italian Thai and its affiliates</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4,144</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,741</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,663</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 9.05pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Sales to PEWC </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >65</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -9.05pt; MARGIN: 0cm 0.55pt 0pt 9.05pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 11pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest expense paid to PEWC</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >135</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0pt 11pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest expense paid to PEWC</font><font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > Singapore Co. (Pte) Ltd</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >19</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >14</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >13</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0pt 11pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest income from Italian Thai Development Public Co Ltd</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Management fee paid to PEWC</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >147</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >204</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >239</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Management fee received from PEWC</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 5pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New">-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New">-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >19</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.5pt; MARGIN: 0cm 0.7pt 0pt 5.5pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Management fee received from PEWC, Singapore Branch </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 5pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >13</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >14</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >14</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -11pt; MARGIN: 0cm 0.7pt 0pt 11pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Management fee received from Italian Thai Development Public Co., Ltd</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >63</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >34</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New">-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 23.45pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="51%" valign="top"><p style="TEXT-INDENT: -14.5pt; MARGIN: 0cm 0.55pt 0pt 14.5pt"><font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Dividend income from Thai Metal Processing Co. Ltd. </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >65</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >106</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 23.45pt; PADDING-TOP: 0cm" width="13%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 16.75pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="51%" valign="bottom"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="3%" valign="bottom"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="3%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="4%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 16.75pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="51%" valign="bottom"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Information technology service fee paid to PEWC </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="3%" valign="bottom"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >36</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="3%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >35</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="4%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 16.75pt; PADDING-TOP: 0cm" width="13%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >38</font></p></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0pt 0pt 42.55pt"><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" ><br clear="all"/></font>&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Copper is the major raw material of the Company&#146;s wire and cable products.&nbsp; The Company purchases copper in the form of copper rods and copper cathode.&nbsp; Copper cathode is purchased by Siam Pacific to avoid the high import tariffs levied on copper rods.&nbsp; Copper cathode needs to be processed into copper rods prior to the manufacturing of wire and cable products.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Substantially all of the Company&#146;s copper rods are supplied by PEWC while copper cathodes are supplied by unrelated third parties. The price of copper rods purchased from PEWC is determined by reference to the quoted copper prices on the London Metal Exchange (the &#147;LME&#148;) plus a certain premium.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to copper rods, the Company purchases high voltage power cable from PEWC for distribution purposes. The purchase price of power cable from PEWC is determined by reference to the quoted copper prices on the LME. No sales commission was received from PEWC during the years 2009, 2010 and 2011.&nbsp;&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp; &nbsp;</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the composite services agreement:</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PEWC will sell copper rod to the Company, upon the Company&#146;s request, (i) at a price consisting of the average spot price of copper on the LME for the one month prior to purchase plus an agreed upon premium, (ii) at prices and on terms at least as favorable as it provides copper rod to other purchasers of similar amounts of copper rod in the same markets as PEWC and (iii) will give priority in the supply of copper rod to the Company over other purchasers of copper rod from PEWC.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PEWC grants to the Company the right to distribute any wire or cable product manufactured by PEWC in all markets in which the Company presently distributes or develops the capability to distribute in the future, such products on such terms as have historically been in effect or on terms at least as favorable as PEWC grants to third parties that distribute such products in such markets.&nbsp; However, PEWC shall not be required to grant to the Company the right to distribute products manufactured by PEWC in the future in markets where the Company does not currently have the capability to distribute unless and until PEWC has no pre-existing contractual rights which would conflict with the grant of such right to the Company.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PEWC will make available to the Company, upon the Company&#146;s request and on terms to be mutually agreed between PEWC and the Company from time to time, access to certain of PEWC&#146;s technology (and PEWC personnel necessary to use such technology) with respect to the design and manufacture of wire and cable products, including, without limitation, certain fiber optic technology.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PEWC will make available to the Company, upon the Company&#146;s request and on terms to be mutually agreed between PEWC and the Company from time to time, certain services with respect to the design and manufacture of wire and cable products, computerization, inventory control, purchasing, internal auditing, quality control, emergency back-up services, and recruitment and training of personnel; such services may include the training of the Company&#146;s employees and managers at PEWC facilities and the secondment of PEWC employees and managers to the Company.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font style="FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font style="FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each of PEWC and the Company will offer the other party the right to participate in any negotiations with a third party concerning the establishment of any facility or similar venture to manufacture or distribute any wire or cable product outside of the markets where the Company currently manufactures or distributes, or intends to develop the capability to manufacture or distribute, any wire or cable product.&nbsp; Unless the Company and PEWC mutually agree otherwise, the Company shall have the right of first refusal to enter into any definitive agreement with such third party.&nbsp; If, however, such third party would not agree to the substitution of the Company for PEWC or such substitution would prevent the <font style="FONT-SIZE: 11pt" >successful completion of the facility or venture,&nbsp; PEWC will arrange for the Company to participate to the extent possible.</font></font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 8pt; font:Courier New"/>&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Without the consent of the Company, PEWC will not compete with respect to the manufacture of wire and cable products in any market in which the Company is manufacturing or has taken significant steps to commence manufacturing.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0cm 72pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For purposes of the composite services agreement, each province in China is considered the equivalent of a market.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -72pt; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The composite services agreement dated November 7, 1996 has a three-year term. The Agreement originally expired on November 7, 1999. The Company gave a notice to extend the Agreement by successive one-year periods commencing on April 20, 2001. The notice is treated as a standing notice for successive one-year period renewals until further written notice from the Company.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To the extent that transactions occur in the future between the Company and PEWC or affiliates of PEWC other than under the Composite Service Agreement, such transactions will be entered into on an arm&#146;s length basis on terms no less favorable than those available from unaffiliated third parties.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><!--EndFragment--><span></span></td>
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                <p>The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(k))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 3A<br><br> -Section 04<br><br> -Paragraph b<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 57<br><br> -Paragraph 1-4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39678-107864<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 4<br><br> -Section 08<br><br> -Paragraph k<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39691-107864<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39622-107864<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 850<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39603-107864<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EWTBG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Consolidated Statements of Operations (USD $)<br>In Thousands, except Share data, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2010</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2009</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNetAbstract', window );"><strong>Net sales</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueOtherManufacturedProducts', window );">Manufactured products (including sales to related parties amounting to $4,144, $3,806 and $3,663 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17))</a></td>
        <td class="nump">$ 429,474<span></span></td>
        <td class="nump">$ 396,059<span></span></td>
        <td class="nump">$ 264,128<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueGoodsNet', window );">Distributed products</a></td>
        <td class="nump">25,500<span></span></td>
        <td class="nump">26,935<span></span></td>
        <td class="nump">28,102<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_SupplyDeliveryAndInstallationOfWiresAndCables', window );">Supply, delivery and installation of wires and cables</a></td>
        <td class="nump">16,972<span></span></td>
        <td class="nump">23,600<span></span></td>
        <td class="nump">34,008<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Net sales, total</a></td>
        <td class="nump">471,946<span></span></td>
        <td class="nump">446,594<span></span></td>
        <td class="nump">326,238<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfRevenueAbstract', window );"><strong>Costs of sales</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfOtherManufacturedProducts', window );">Manufactured products (including purchases from related parties amounting to $36,327, $45,925 and $46,953 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17))</a></td>
        <td class="num">(386,598)<span></span></td>
        <td class="num">(342,630)<span></span></td>
        <td class="num">(249,840)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSold', window );">Distributed products (including purchases from related parties amounting to $23,458, $4,056 and $7,484 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17))</a></td>
        <td class="num">(22,545)<span></span></td>
        <td class="num">(25,557)<span></span></td>
        <td class="num">(26,585)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_CostOfSalesSupplyDeliveryAndInstallationOfWiresAndCables', window );">Supply, delivery and installation of wires and cables</a></td>
        <td class="num">(16,915)<span></span></td>
        <td class="num">(23,358)<span></span></td>
        <td class="num">(33,119)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_InventoryImpairment', window );">Inventory impairment</a></td>
        <td class="num">(1,993)<span></span></td>
        <td class="nump">1,974<span></span></td>
        <td class="nump">23,949<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfRevenue', window );">Cost of sales, total</a></td>
        <td class="num">(428,051)<span></span></td>
        <td class="num">(389,571)<span></span></td>
        <td class="num">(285,595)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross profit</a></td>
        <td class="nump">43,895<span></span></td>
        <td class="nump">57,023<span></span></td>
        <td class="nump">40,643<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Selling, general and administrative expenses</a></td>
        <td class="num">(30,760)<span></span></td>
        <td class="num">(28,965)<span></span></td>
        <td class="num">(24,259)<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvisionForDoubtfulAccounts', window );">Recovery for doubtful accounts</a></td>
        <td class="nump">1,487<span></span></td>
        <td class="nump">940<span></span></td>
        <td class="nump">108<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse', window );">Impairment of long-lived assets</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="num">(77)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOfInvestments', window );">Impairment of investments</a></td>
        <td class="nump">0<span></span></td>
        <td class="num">(346)<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Impairment of goodwill (note 6)</a></td>
        <td class="num">(8,791)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_apwc_ChargesRelatedToFlooding', window );">Charges related to flooding (note 14)</a></td>
        <td class="num">(3,947)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">Income from operations</a></td>
        <td class="nump">1,884<span></span></td>
        <td class="nump">28,652<span></span></td>
        <td class="nump">16,415<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax', window );">Exchange gain (loss), net</a></td>
        <td class="num">(1,346)<span></span></td>
        <td class="nump">3,041<span></span></td>
        <td class="nump">507<span></span></td>
      </tr>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeOperating', window );">Interest income</a></td>
        <td class="nump">1,409<span></span></td>
        <td class="nump">492<span></span></td>
        <td class="nump">458<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
        <td class="num">(2,217)<span></span></td>
        <td class="num">(1,364)<span></span></td>
        <td class="num">(1,597)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Share of net loss of equity investees</a></td>
        <td class="num">(58)<span></span></td>
        <td class="num">(21)<span></span></td>
        <td class="num">(40)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainOrLossOnSaleOfStockInSubsidiary', window );">Gain on liquidation of subsidiaries</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">568<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments', window );">Loss on disposal of available-for-sale securities (note 7)</a></td>
        <td class="num">(68)<span></span></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income, net</a></td>
        <td class="nump">1,032<span></span></td>
        <td class="nump">1,032<span></span></td>
        <td class="nump">2,111<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income from continuing operations before income taxes</a></td>
        <td class="nump">636<span></span></td>
        <td class="nump">31,832<span></span></td>
        <td class="nump">18,422<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income taxes (note 11)</a></td>
        <td class="num">(4,566)<span></span></td>
        <td class="num">(6,441)<span></span></td>
        <td class="num">(4,647)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest', window );">Net income (loss) from continuing operations</a></td>
        <td class="num">(3,930)<span></span></td>
        <td class="nump">25,391<span></span></td>
        <td class="nump">13,775<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract', window );"><strong>Discontinued operations (note 19)</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax', window );">Income from operations of discontinued SPFO (including gain on disposal of $1,962 for the year ended December 31, 2011, purchases from related parties amounting to $nil, $4 and $317, and sales to related parties amounting to $nil, $54 and $693 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17))</a></td>
        <td class="nump">1,075<span></span></td>
        <td class="nump">446<span></span></td>
        <td class="nump">1,150<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation', window );">Income taxes</a></td>
        <td class="num">(229)<span></span></td>
        <td class="num">(450)<span></span></td>
        <td class="num">(697)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax', window );">(Loss) Income from discontinued operations</a></td>
        <td class="nump">846<span></span></td>
        <td class="num">(4)<span></span></td>
        <td class="nump">453<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income (loss)</a></td>
        <td class="num">(3,084)<span></span></td>
        <td class="nump">25,387<span></span></td>
        <td class="nump">14,228<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Net income attributable to non-controlling interests</a></td>
        <td class="nump">2,355<span></span></td>
        <td class="nump">11,247<span></span></td>
        <td class="nump">4,139<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Income (loss) attributable to APWC</a></td>
        <td class="num">$ (5,439)<span></span></td>
        <td class="nump">$ 14,140<span></span></td>
        <td class="nump">$ 10,089<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare', window );">Basic and diluted earnings (loss) per share from continuing operations</a></td>
        <td class="num">$ (0.49)<span></span></td>
        <td class="nump">$ 1.02<span></span></td>
        <td class="nump">$ 0.71<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare', window );">Basic and diluted earnings (loss) per share from discontinued operations</a></td>
        <td class="nump">$ 0.10<span></span></td>
        <td class="nump">$ 0.00<span></span></td>
        <td class="nump">$ 0.02<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Basic and diluted earnings (loss) per share</a></td>
        <td class="num">$ (0.39)<span></span></td>
        <td class="nump">$ 1.02<span></span></td>
        <td class="nump">$ 0.73<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Basic and diluted weighted average common shares outstanding</a></td>
        <td class="nump">13,830,769<span></span></td>
        <td class="nump">13,830,769<span></span></td>
        <td class="nump">13,830,769<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_ChargesRelatedToFlooding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_ChargesRelatedToFlooding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_CostOfSalesSupplyDeliveryAndInstallationOfWiresAndCables">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_CostOfSalesSupplyDeliveryAndInstallationOfWiresAndCables</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_InventoryImpairment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_InventoryImpairment</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_apwc_SupplyDeliveryAndInstallationOfWiresAndCables">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>No authoritative reference available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>apwc_SupplyDeliveryAndInstallationOfWiresAndCables</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>apwc_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the difference between the gross amount of gains (losses) included in earnings for transfers of securities from the available-for-sale category into the trading category. Such net gain (loss) included in earnings represents the net unrealized gain (loss) which had been included in other comprehensive income and is associated with the securities transferred from the available-for-sale category to the trading category, excluding other than temporary impairments (OTTI) recognized in other comprehensive income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 21<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AvailableforsaleSecuritiesTransfersToTradingGainsLossesExcludingOtherThanTemporaryImpairments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockSharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfGoodsSold">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total costs related to goods produced and sold during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 2<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CostOfGoodsSold</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfOtherManufacturedProducts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Costs incurred in production of other products during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CostOfOtherManufacturedProducts</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfRevenue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate cost of goods produced and sold and services rendered during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 2<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CostOfRevenue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfRevenueAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CostOfRevenueAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 05<br><br> -Paragraph 15<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 43<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 47<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 13<br><br> -Article 7<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.12)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32672-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 43<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 47<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 46<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6909487&amp;loc=d3e38679-109324<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAndDiluted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements.  Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period.  Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EarningsPerShareBasicAndDiluted</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate foreign currency transaction gain (loss) (both realized and unrealized) included in determining net income for the reporting period. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. For certain enterprises, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450189&amp;loc=d3e30690-110894<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 52<br><br> -Paragraph 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450189&amp;loc=d3e30700-110894<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ForeignCurrencyTransactionGainLossBeforeTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainOrLossOnSaleOfStockInSubsidiary">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gain (loss) on entity's disposition of equity in securities of subsidiaries. Reflects the difference in the parent company's carrying amount of the equity interest in the subsidiary immediately before and after all stock transactions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 9<br><br> -Section 04<br><br> -Paragraph 13<br><br> -Subparagraph g<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GainOrLossOnSaleOfStockInSubsidiary</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillImpairmentLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Loss recognized during the period that results from the write-down of goodwill after comparing the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. Goodwill is assessed at least annually for impairment.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13777-109266<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 20<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 45<br><br> -Subparagraph e<br><br> -Clause 5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 141R<br><br> -Paragraph 72<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 47<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13816-109267<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 43<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13854-109267<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GoodwillImpairmentLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GrossProfit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1,2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GrossProfit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOfInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Staff Position (FSP)<br><br> -Number FAS115-1/124-1<br><br> -Paragraph 15C<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Staff Position (FSP)<br><br> -Number FAS115-1/124-1<br><br> -Paragraph 15D<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 16<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Staff Position (FSP)<br><br> -Number FAS115-1/124-1<br><br> -Paragraph 16B<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 35<br><br> -Paragraph 34<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6956420&amp;loc=d3e25351-111560<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Staff Position (FSP)<br><br> -Number FAS115-2/124-2<br><br> -Paragraph 22<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ImpairmentOfInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6390789&amp;loc=d3e2420-110228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2921-110230<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 26<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 958<br><br> -SubTopic 225<br><br> -Section 45<br><br> -Paragraph 11<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6743430&amp;loc=d3e92212-112881<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 7, 25<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Impairment<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515133<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ImpairmentOfLongLivedAssetsHeldForUse</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 10<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 4<br><br> -Section 08<br><br> -Paragraph h<br><br> -Subparagraph 1(i)<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4569616-111683<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 47<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.14)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 43<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.12)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 13<br><br> -Article 7<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 15<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6892542&amp;loc=d3e957-107759<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of income (loss) derived from discontinued operations during the period, net of related tax effect, per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 323<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6382870&amp;loc=d3e33749-111570<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 18<br><br> -Paragraph 19<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 18<br><br> -Paragraph 6<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 11<br><br> -Article 7<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 9<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.12)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromEquityMethodInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Income Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 45<br><br> -Subparagraph a, b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeTaxExpenseBenefit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cost of borrowed funds accounted for as interest that was charged against earnings during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 835<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.9)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 34<br><br> -Paragraph 21<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 9<br><br> -Article 9<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher OTS<br><br> -Name Federal Regulation (FR)<br><br> -Number Title 12<br><br> -Chapter V<br><br> -Section 563c.102<br><br> -Paragraph 9<br><br> -Subsection II<br><br> -LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy.  It will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InterestExpense</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeOperating">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Interest generated from day to day operating activities of the business.  This element represents a revenue generating activity and is therefore gross (before any related cost of revenue items).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1(e))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InterestIncomeOperating</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e565-108580<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A7<br><br> -Appendix A<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 10, 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 87-21<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 19<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28, 29, 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetIncomeLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921930&amp;loc=SL4573702-111684<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4J<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4591551-111686<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(1)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A1, A4, A5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4591552-111686<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 7<br><br> -Section 04<br><br> -Paragraph 4<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherIncome</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4J<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4591551-111686<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A1, A4, A5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(1)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (a),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921930&amp;loc=SL4573702-111684<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4591552-111686<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 5<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4569616-111683<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProfitLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvisionForDoubtfulAccounts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProvisionForDoubtfulAccounts</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenueOtherManufacturedProducts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Revenue not otherwise defined in the taxonomy from the sale of manufactured products.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 1<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_RevenueOtherManufacturedProducts</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
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                <p>Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts.</p>
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                <p>Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 1<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
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                <p>The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 4<br><br> -Paragraph 5A<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 30<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386349&amp;loc=d3e3636-108311<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 1 - Organization And Principal Activities<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>ORGANIZATION AND PRINCIPAL ACTIVITIES</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock', window );">ORGANIZATION AND PRINCIPAL ACTIVITIES</a></td>
        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ORGANIZATION AND PRINCIPAL ACTIVITIES</font></b></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asia Pacific Wire &amp; Cable Corporation Limited (&#147;APWC&#148; or the &#147;Company&#148;), which is a subsidiary of Pacific Electric Wire &amp; Cable Co., Ltd. (&#147;PEWC&#148;), a Taiwanese company, was incorporated as an exempted company in Bermuda on September 19, 1996 under the Companies Act 1981 of Bermuda (as amended) for the purpose of acting as a holding company. The Company is principally engaged in owning operating companies engaged in the power cable, telecommunication cable, enameled wire and electronic cable industry.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company&#146;s operating subsidiaries (the &#147;Operating Subsidiaries&#148;) are engaged in the manufacturing and distribution of telecommunications, power cable and enameled wire products in Singapore, Thailand, Australia, the People&#146;s Republic of China (&#147;PRC&#148;) and other markets in the Asia Pacific region. Major customers of the Operating Subsidiaries include government organizations, electric contracting firms, electrical dealers, and wire and cable factories. The Company&#146;s Operating Subsidiaries also engage in the distribution of certain wire and cable products manufactured by PEWC and third parties. In certain markets, the Company also provides project engineering services to customers through its SDI (Supply, Delivery and Installation) business segment. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company was listed on the New York Stock Exchange in March 1997. On December 24, 2001, the staff of the New York Stock Exchange (&#147;NYSE&#148;) announced that it had determined that the trading of the common stock of APWC should be suspended prior to December 31, 2001. The decision was reached in view of the fact that the Company&#146;s stock price had fallen below NYSE&#146;s continued listing standards. Following the delisting of the Company&#146;s common stock on the NYSE, the Company&#146;s common stock was traded under the ticker AWRCF, on the Over-the-Counter Bulletin Board (&#147;OTC BB&#148;), operated by the National Association of Securities Dealers, Inc. (&#147;NASD&#148;). After the Company failed to timely file its annual report on Form 20-F for the 2004 fiscal year, the Company was delisted from the OTC BB in August 2005 and thereafter time its shares of common stock were quoted on the &#147;pink sheets&#148; market by Pink Sheets LLC, a privately owned company that provides pricing and financial information for over-the-counter securities. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >On June 28, 2007, SOF Investment, L.P. (&#147;SOF&#148;), a Delaware limited partnership controlled by MSD Capital, L.P. acquired 20% of the issued and outstanding shares of the Company from a private equity investor and entered into a shareholders&#146; agreement with the Company and PEWC. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >On April 9, 2008, the Company was listed again and began trading its common stock on the OTC BB after completing all reporting requirements and filing all outstanding financial reports with the US Securities and Exchange Commission (&#147;SEC&#148;). The Company was subject to the reporting requirements under the Securities Exchange Act of 1934. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >On March 30, 2009, SOF sold 10.2% of the issued and outstanding shares of the Company to PEWC. PEWC is currently holding 65.6% of the equity of the Company and COF is holding 9.8%.&nbsp; The remaining 24.6% of the issued and outstanding common stock were publicly traded on the Over-the-Counter Bulletin Board (&#147;OTC BB&#148;) prior to that date. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >On April 29, 2011, the Company&#146;s common stock commenced trading on NASDAQ (Capital Markets). </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of July 1, 2011, SOF transferred its 9.8% interest in the Company to MSD Credit Opportunity Master Fund, L.P. (&#147;COF&#148;), which became a party to the shareholders agreement, as amended and restated on March 27, 2009 (&#147;Amended Shareholders Agreement&#148;), and succeeded to all of the right, title, and interest in the common stock previously held by SOF.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 36pt"><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Share Capital </font></i></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 3.35pt 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >On September 8, 2008, the Company&#146;s shareholders approved an increase to the authorized share capital from 20,000,000&nbsp;<font style="FONT-SIZE: 11pt" >common</font> shares, par value $0.01 per share, to 50,000,000&nbsp;<font style="FONT-SIZE: 11pt" >common</font> shares, par value $0.01 per share.&nbsp;</font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;</font></i></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The subsidiaries of the Company are set out below:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 2cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" />&nbsp;</p><div align="center"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" />&nbsp;</p><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Place of incorporation and operations</font></u></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="30%" valign="bottom" align="center" colspan="2"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 35.5pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Percentage of</font></p><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 35.5pt" align="center"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >equity interest</font></u></p><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 35.5pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31,</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="center"><u><font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" >2010</font></u></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="center"><u><font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" >2011</font></u></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><b><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The British Virgin Islands </font></u></b></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Asia Pacific Wire &amp; Cable General Holdings Ltd</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.8pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >PRC (APWC) Holding Ltd.</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Samray Inc.</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Siam (APWC) Holdings Ltd.</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Moon View Ltd.</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Trigent Investment Holdings Limited</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Crown Century Holdings Ltd.</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><b><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Singapore </font></u></b></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="ES" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Sigma Cable Company (Private) Limited (&#147;Sigma Cable&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >98.3%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.8pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >98.3%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="SV" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Sigma-Epan International Pte Ltd. (&#147;Sigma-Epan&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Epan Industries Pte Ltd. </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100% </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100% </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Epan Data-Comm System Pte Ltd</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100% </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100% </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="SV" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Singvale Pte Ltd (&#147;Singvale&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><b><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Malaysia </font></u></b></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 4.6pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 3.2pt 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Elecain Industry Sdn. Bhd.</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >92.6%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >92.6%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Sigma-Epan Malaysia Sdn. Bhd.</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font color="black" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><b><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The People&#146;s Republic of China</font></u></b></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Ningbo Pacific Cable Co., Ltd. (&#147;Ningbo Pacific&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >94.31%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >95.80%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -1.1pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Shanghai Yayang Electric Co., Ltd. (&#147;Shanghai Yayang&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >54.41%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >54.41%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Shandong Pacific Fiber Optics Co. Ltd (&#147;SPFO&#148;)**</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >51%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >0%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Pacific Electric Wire &amp; Cable (Shenzhen) Co., Ltd (&#147;PEWS&#148;) </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><b><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Hong Kong</font></u></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > &nbsp;</font></b></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Crown Century Holdings Limited (&#147;CCH (HK)&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr></table></div></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p><div align="center"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: 7.7pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" />&nbsp;</p><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Place of incorporation and operations</font></u></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="30%" valign="bottom" align="center" colspan="2"><p style="TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 28.4pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Percentage of</font></p><p style="TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 28.4pt" align="center"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >equity interest</font></u></p><p style="TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 28.4pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31,</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align="center"><u><font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" >2010</font></u></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 5.5pt 0pt 15.2pt" align="center"><u><font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" >2011</font></u></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -15.2pt; MARGIN: 0cm 0cm 0pt 15.2pt"><b><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Australia</font></u></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > &nbsp;</font></b></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Australia Pacific Electric Cable Pty Limited (&#147;APEC&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >99.40%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >99.40%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><b><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Thailand</font></u></b></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Charoong Thai Wire and Cable Public Company Limited </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(&#147;Charoong Thai&#148;)* </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >50.93%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >50.93%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Siam Pacific Electric Wire &amp; Cable Company Limited </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(&#147;Siam-Pacific&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >50.93%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >50.93%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Pacific-Thai Electric Wire &amp; Cable Company Limited </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(&#147;Pacific-Thai&#148;)***</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >50.93%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >0%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Hard Lek Limited (&#147;Hard Lek&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >73.98%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >73.98%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >APWC (Thailand) Co., Ltd</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >99.48%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >99.48%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt"><b><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Thailand</font></u></b></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >PEWC (Thailand) Co., Ltd</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >99.48%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >99.48%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >CTW Beta Co. Ltd. </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >50.89%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >50.89%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Siam Fiber Optics Co. Ltd</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >30.56%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >30.56%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><b><u><font lang="ES-MX" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Myanmar</font></u></b></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="ES-MX" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Myanmar Sigma Cable Co., Ltd. </font><font lang="EN-GB" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(inactive)&nbsp;</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >78.59%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >78.59%</font></p></td></tr></table></div><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -9.8pt; MARGIN: 0cm 0cm 0pt 15.2pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -5.5pt; MARGIN: 0cm 34.6pt 0pt 40.5pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >* Charoong Thai is listed on the Stock Exchange of Thailand and is engaged in the manufacturing of wire and cable products for the power and telecommunications industries in Thailand.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -2pt; MARGIN: 0cm 34.6pt 0pt 34.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -13pt; MARGIN: 0cm 34.6pt 0pt 45.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >** SPFO was disposed of to independent third parties on December 1, 2011. See note 1(d) and 19.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -2pt; MARGIN: 0cm 34.6pt 0pt 34.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 34.6pt 0pt 42.55pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >*** Pacific-Thai transferred its business into its parent company, Siam-Pacific, on January 5, 2011 and registered its dissolution with the Ministry of Commerce on January 5, 2011. The Company anticipates the dissolution will be completed in 2012.&nbsp; </font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12.5pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p><p style="TEXT-INDENT: 38.5pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >ii)&nbsp; The equity investees of the Company are set out below:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt 2cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p><div align="center"><table style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border="0" cellpadding="0" cellspacing="0"><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: 3.85pt; MARGIN: 0cm 0cm 0pt 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; TEXT-DECORATION: none" />&nbsp;</p><p style="TEXT-INDENT: 3.85pt; MARGIN: 0cm 0cm 0pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Place of incorporation and operations</font></u></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="30%" valign="bottom" align="center" colspan="2"><p style="LINE-HEIGHT: 11pt; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="FONT-SIZE: 11pt" >Percentage of</font></p><p style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt" align="center"><u><font lang="EN-US" style="FONT-SIZE: 11pt" >equity interest</font></u></p><p style="MARGIN: 0cm 0cm 0pt 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31,</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"><p style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"><p style="MARGIN: 0cm 18.3pt 0pt 0pt" align="center"><u><font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" >2010</font></u></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom" align="center"><p style="MARGIN: 0cm 5pt 0pt 0pt" align="center"><u><font lang="EN-US" style="LINE-HEIGHT: 18pt; FONT-SIZE: 11pt" >2011</font></u></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt 3.9pt"><b><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The People&#146;s Republic of China</font></u></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > &nbsp;</font></b></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"><p style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 10pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="bottom"><p style="MARGIN: 0cm 0cm 0pt 3.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Shandong Huayu Pacific Fiber Optics Communications Co., Ltd. (&#147;Shandong Huayu&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8.2pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >48.73%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 6.5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >48.73%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -20.1pt; MARGIN: 0cm 0cm 0pt 20pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Shandong Pacific Rubber Cable Co., Ltd. (&#147;SPRC&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >25.00%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >25.00%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -20pt; MARGIN: 0cm 0cm 0pt 20pt"><b><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Thailand</font></u></b></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -20.1pt; MARGIN: 0cm 0cm 0pt 20pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -20.1pt; MARGIN: 0cm 0cm 0pt 20pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Siam Pacific Holding Company Limited (&#147;SPHC&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >49.00%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >49.00%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -10pt; MARGIN: 0cm 0cm 0pt 20pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="70%" align="left" valign="top"><p style="TEXT-INDENT: -19.9pt; MARGIN: 0cm 0cm 0pt 19.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Loxley Pacific Co., Ltd. (&#147;Lox Pac&#148;)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >21.39%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >21.39%</font></p></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 5.5pt; MARGIN: 0cm 0cm 0pt 2cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -7.55pt; MARGIN: 0cm 34.6pt 0pt 42.55pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Acquisitions accounted for as purchases and disposals undertaken by the Company during the years ended December 31, 2009, 2010 and 2011 included the following:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(a)</font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In 2002, three wholly owned subsidiaries of Sigma-Epan were placed into liquidation. In April 2009, the liquidator received the clearance letters from government authorities of Singapore relating to the dissolution of three subsidiaries of Sigma-Epan. On May 22, 2009, Sigma-Epan conducted a final meeting to dissolve the subsidiaries. As at December 31, 2002, the Company&#146;s balance sheet includes liabilities of $568 resulting from these subsidiaries which was recognized as gain on liquidation of subsidiaries in 2009. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 36pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(b)</font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >On March 31, 2010, CCH acquired 51% of APEC shares from Sigma Cable, thereby increasing the Company&#146;s interest in APEC from 98.53% to 99.40%. On April 14, 2010, CCH acquired 100% of Sigma Epan from Samray, the Company&#146;s interest in Sigma-Epan has not changed and Sigma-Epan remains as a wholly owned subsidiary of the Company.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(c)</font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >On May 31, 2011, the Company contributed additional capital in Ningbo Pacific in the form of a cash injection of $5 million. The Company&#146;s interest in Ningbo Pacific increased from 94.31% to 95.80%.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0cm 0cm 0cm 60pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(d)</font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >On December 1, 2011, the Company disposed its entire 51% equity interest in SPFO. Proceeds from the disposal of SPFO were $2.9 million (RMB18.5 million). The Company recorded a gain on disposal amounting to $1.96 million in the </font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >statement of operations. </font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35.45pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0cm 35pt"><b><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"/></b>&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.05pt; MARGIN: 0cm 0cm 0pt 35.4pt"><u><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Put Right and Option</font></u></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Under the terms of the Amended Shareholders&#146; Agreement, COF has the right and option (but not the obligation) to sell to PEWC upon the occurrence of a Put Event (defined below), and PEWC agreed to purchase from COF upon the occurrence of a Put Event, all Registrable Securities then owned by COF (the &#147; Put Shares &#148;), for an amount equal to the Put Price (defined below) together with interest (calculated on the basis of a 360 day year) on the Put Price, computed (x) from June 28, 2007 through May 31, 2010 at a rate per annum that shall be equal to the Libor Rate plus fifty (50) basis points (compounded annually), and (y) from June 1, 2010 until the Put Closing (defined below) at a rate per annum that shall be equal to the Libor Rate plus one hundred and fifty (150) basis points (compounded annually) (the &#147; Put Right &#148;). If the Put Event terminates prior to the closing of such Put Right, the exercise of the Put Right is deemed rescinded and the transaction relating to the Put </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Right is deemed cancelled, but this will not terminate the existence of a future Put Right upon the triggering of a future Put Event.</font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font color="#ff99cc" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;<font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >A &#147;Put Event&#148; means any date (i) after March 11, 2009 whereby an Event has occurred and continues to occur, or (ii) after February 1, 2011 whereby the shares are not listed on a US Securities Market, which means any of the NASDAQ Stock Market, Inc. (Global Market or Global Select Market), Alternext U.S. (f/k/a the American Stock Exchange LLC), the New York Stock Exchange LLC or in conjunction with a dual listing on, or a transfer from, a US Securities Market to one or more of the principal or secondary exchanges for the public trading of equity securities in any of Hong Kong, Tokyo or Singapore. The &#147;Put Price&#148; means for (i) shares purchased pursuant to the Purchase Agreement, an aggregate amount equal to the product of (a) the number of shares being sold and (b) US$4.35 and (ii) Shares purchased under preemptive right provisions of the Amended Shareholders&#146; Agreement, and aggregate amount equal to the purchase price thereof.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font color="#ff99cc" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Shareholders&#146; Agreement does not contain any provisions that impose any purchase, reimbursement or financing obligations on the Company in the event that SOF exercises the Put Right. The Put Right is an obligation solely of PEWC and not of the Company. However, for the avoidance of doubt and as a re-affirmation that the financial and other obligation to SOF in the event </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >of an exercise of the Put Right rest exclusively with PEWC, the Company has, on March 27, 2009, entered into a Non-Recourse Confirmation Agreement with PEWC whereby PEWC (i) covenants that it has no put right against the Company relating to the Put Shares and that PEWC&#146;s obligations to SOF are without recourse to the Company, (ii) waives any such right should it arise in the future, and (iii) agrees that it shall not cause the Company, directly or indirectly, to incur any costs associated with the exercise of the Put Right.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 72pt"><font color="#ff99cc" lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Shareholders&#146; Agreement provides, and the Non-recourse Confirmation Agreement confirms, that the Put Right is solely the obligation of PEWC. The Company has no purchase, reimbursement or financing obligations in the event that SOF exercises the Put Right. As such, the Company has classified the Put Shares as equity in the accompanying financial statements. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company received an approval letter from Nasdaq on April 13, 2011 for the listing of its common stock on Nasdaq, with &#147;APWC&#148; as the trading symbol and, as noted, on April 29, 2011, the Company&#146;s common stock commenced trading on NASDAQ (Capital Markets), which tier does not fit within the definition of a national &#147;Securities Market&#148;, as provided in the Shareholders&#146; Agreement. The Company intends to apply to list the common stock on the Global Markets tier after the Company is satisfied that it qualifies in all respect for that tier. The Company is not aware of that COF has taken any action with respect to the common stock held by it up to date. </font></p></div><!--EndFragment--><span></span></td>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 18 - Defined Contribution And Benefit Plans<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CompensationAndRetirementDisclosureAbstract', window );"><strong>DEFINED CONTRIBUTION AND BENEFIT PLANS</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock', window );">DEFINED CONTRIBUTION AND BENEFIT PLANS</a></td>
        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >18.&nbsp;&nbsp;&nbsp; DEFINED CONTRIBUTION AND BENEFIT PLANS</font></b></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; BACKGROUND: white"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company records the funded status of the Company&#146;s defined benefit plans in the consolidated balance sheet. Actuarial gains and losses and prior service costs continue to be deferred and recognized in expense ratably over appropriate future periods, but the overfunded or underfunded status of the defined benefit plans is now measured as the difference between the fair value of plan assets and the projected benefit obligation (&#147;PBO&#148;). This difference is recorded as an asset (if overfunded) or a liability (if underfunded), with a corresponding adjustment to accumulated other comprehensive loss, net of tax. The net unrecognized actuarial loss and unrecognized prior service costs are recognized in net periodic benefit cost in the consolidated statements of operations, those amounts are reclassified from accumulated other comprehensive (loss) income. The Company currently measures the funded status of its plan as of the balance sheet date.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In accordance with the Thailand labor law, Charoong Thai</font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt; font:pmingliu"> </font><font lang="X-NONE" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >is obliged to make payment to retiring employees, at rates of 1 to 10 times of their final month&#146;s salary rate, depending on the length of service. During the financial year 2011, the Company&#146;s total expense included $288 (2010: $539; 2009: $451).&nbsp; The plan is not funded and the amount is recognized in Other Current Liabilities in the balance sheet. The Company pays to settle the obligations as and when employees retire.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company has several defined contribution plans covering its employees in Australia, the People&#146;s Republic of China (&#147;PRC&#148;) and Singapore. Contributions to the plan are made annually. Total charges of continuing operations for the years ended December 31, 2009, 2010 and 2011 were $615, $708, and $891, respectively and for years ended December 31, 2009 and 2010 and period ended November 30, 2011 that of discontinued operations were $77, $138 and $205, respectively.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0.55pt; MARGIN: 0cm 0cm 0pt 35.4pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >In conformity with ASC 715 </font><i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&#147;Compensation - Retirement Benefits&#148;</font></i><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > (&#147;ASC 715&#148;), the following table sets forth the Plan&#146;s funded status and pension amounts recognized as at December 31, 2010 and 2011 based on the latest actuarial valuation:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="FONT-SIZE: 10pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1.5pt solid; PADDING-TOP: 0cm" width="66%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1.5pt solid; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 14.2pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1.5pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 14.2pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1.5pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 14.2pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.7pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 6pt 0pt 0cm" align="right"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5.15pt 0pt 0cm" align="right"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5.15pt 0pt 0cm" align="right"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.7pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Change in benefit obligation:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 6pt 0pt 0cm" align="right"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5.15pt 0pt 0cm" align="right"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.7pt; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5.15pt 0pt 0cm" align="right"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Benefit obligation at beginning of year </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 2,012 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 2,761 </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Foreign currency translation adjustments</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >285</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(136)</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Service cost</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >302</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >181</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest cost</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >223</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >106</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Benefits paid</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(61)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(219)</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Actuarial loss</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >244</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Curtailment </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(2)</font></p></td></tr><tr><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" >Benefit obligation at end of year</font></p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 2,761 </font></p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 2,935 </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Change in plan assets:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Fair value of plan assets at beginning of year</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 14pt" /><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" >-&nbsp;</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 14pt" /><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" >-&nbsp;</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Employer&#146;s contribution</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Fair value of plan assets at end of year</font></p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >- </font></p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >- </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Funded status</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (2,761)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (2,935)</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Unrealized net transition obligation</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >- </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >- </font></p></td></tr><tr><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" >Unrecognized net actuarial loss (gain)</font></p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >- </font></p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >- </font></p></td></tr><tr><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Accrued benefit cost</font></p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (2,761)</font></p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (2,935)</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Components of net periodic benefit cost:</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Service cost</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 374</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 302</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 181</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Interest cost</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >85</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >223</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >106</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Amortizations of:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Unrecognized net prior service cost (credit)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(8) </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(8) </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(8) </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Unrecognized actuarial loss</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >22</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >9</font></p></td></tr><tr><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Net periodic benefit cost</font></p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 451</font></p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 539</font></p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 288</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Amounts recognized in accumulated other comprehensive loss</font></p><p style="TEXT-INDENT: 11pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >consist of the following: (recognized under ASC 715)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Actuarial loss </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 68 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 669 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 602 </font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Prior service (credit) cost</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(129)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >7</font></p></td></tr><tr><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total recognized in other comprehensive loss</font></p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="12%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 68</font></p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 540</font></p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 609</font></p></td></tr></table></div><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt" />&nbsp;</p><p style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="FONT-SIZE: 11pt" >The accumulated benefit obligations amounted to $2,761 and $2,935 as of December 31, 2010 and 2011, respectively.</font></p><p style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="FONT-SIZE: 11pt" >The estimated net loss and prior service cost (credit) for the defined benefit plans that will be amortized from accumulated other comprehensive (loss) income into net periodic benefit cost over the next fiscal year are $(27) and $8, respectively.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="FONT-SIZE: 11pt" >The actuarial loss increased in 2011 due to the change in assumption:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 54pt"><font lang="EN-US" style="FONT-SIZE: 11pt" >-</font><font lang="EN-US" style="FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="FONT-SIZE: 11pt" >Discount rate was changed from 4.8% per annum to 3.8% for 2012 to reflect prevailing bond yield.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 54pt"><font lang="EN-US" style="FONT-SIZE: 11pt" >-</font><font lang="EN-US" style="FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang="EN-US" style="FONT-SIZE: 11pt" >The mortality rate have been updated from TMO97 table (Thailand Mortality Ordinary Lite Tables 1997) to TMO98 table (Thailand Mortality Ordinary Lite Tables 2008) reflect the latest available mortality study.&nbsp; </font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: 0.55pt; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The significant assumptions used in determining the actuarial present value of the projected benefit obligations as of December 31, 2010 and 2011 are as follows:</font></p><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 9pt 0pt 0cm"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10.5pt" /></b>&nbsp;</p><div align="left"><table style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border="0" cellpadding="0" cellspacing="0"><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Discount Rate </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4.8%</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4.2%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Rate of Increase in Compensation Levels </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"><p style="MARGIN: 0cm 5pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >6.0%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"><p style="MARGIN: 0cm 5pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >6.0%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Employee turnover rates:-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"><p style="TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"><p style="TEXT-INDENT: -6.4pt; MARGIN: 0cm 5pt 0pt 6.4pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Prior to age 35 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td nowrap="nowrap" style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"><p style="MARGIN: 0cm 5pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4.0% - 15.0%</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td nowrap="nowrap" style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"><p style="MARGIN: 0cm 5pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4.0% - 15.0%</font></p></td></tr><tr><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="FONT-SIZE: 11pt" >Age 35 to 50 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="15%" valign="top" align="center"><p style="MARGIN: 0cm 5pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2.0% - 7.0%</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; 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TEXT-ALIGN: justify; MARGIN: 0cm 1.2pt 0pt 34.9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid: </font></p><p style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp; &nbsp;</font></p><div align="center"><table style="WIDTH: 70%; MARGIN-LEFT: 6.75pt; MARGIN-RIGHT: 6.75pt" border="0" cellpadding="0" cellspacing="0"><tr><td width="85%" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31</font></p><p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td width="15%" valign="top"><p style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; 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FONT-SIZE: 11pt" >2014</font></p></td><td width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >33</font></p></td></tr><tr><td style="BACKGROUND-COLOR: #cceeff" width="85%" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2015</font></p></td><td style="BACKGROUND-COLOR: #cceeff" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >257</font></p></td></tr><tr><td width="85%" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2016</font></p></td><td width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >121</font></p></td></tr><tr><td style="BACKGROUND-COLOR: #cceeff" width="85%" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2017 - 2021</font></p></td><td style="BACKGROUND-COLOR: #cceeff" width="15%" valign="top"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 5pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,171</font></p></div></td></tr><tr><td width="85%" valign="top"><p style="TEXT-ALIGN: center; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 14pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td width="15%" valign="top"><div style="BORDER-BOTTOM: windowtext 1.5pt double; 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                <p>The entire disclosure for pension and other postretirement benefits.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 715<br><br> -URI http://asc.fasb.org/topic&amp;trid=2235017<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 87<br><br> -Paragraph 264<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 158<br><br> -Paragraph 7, 21, 22<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 132R<br><br> -Paragraph 5<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 132R<br><br> -Paragraph 5, 6, 7, 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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          <div style="width: 200px;"><strong>Note 11 - Income Taxes<br></strong></div>
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        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>INCOME TAXES</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureTextBlock', window );">INCOME TAXES</a></td>
        <td class="text"><!--StartFragment--><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" lang="EN-US" >11.</font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 7pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >INCOME TAXES </font></b></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11.5pt; FONT-SIZE: 9pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under current Bermuda law, the Company is not subject to tax on income or capital gains, nor is withholding tax of Bermuda imposed upon payments of dividends by the Company to its shareholders.</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company&#146;s investments in the Operating Subsidiaries are held through subsidiaries incorporated in the British Virgin Islands (&#147;BVI&#148;).&nbsp; Under current BVI law, dividends from the BVI subsidiaries&#146; investments are not subject to income taxes and no withholding tax is imposed on payments of dividends by the BVI subsidiaries to the Company.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Operating Subsidiaries and equity investees are governed by the income tax laws of Singapore, Thailand, Australia and the People&#146;s Republic of China.&nbsp; The corporate income tax rate in Singapore was 17% for each of the three years ended December 31, 2011, and there is no </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; BACKGROUND: white; FONT-SIZE: 11pt" >withholding tax on dividends applicable to the Company.&nbsp; For Thailand, the corporate income tax rate was 30% for each of the three</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; BACKGROUND: white; FONT-SIZE: 11pt" >years ended December 31, 2011 and a withholding tax of 10% is levied on dividends received by the Company.</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" > CTW is listed on Stock Exchange of Thailand (&#147;SET&#148;), its applicable corporate income rate was 25% for the first 300 million Baht of net profit and 30% for the amount exceeding 300 million Baht. The reduced rate of taxation applied for listed companies for three accounting periods from 2008 to 2010. </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; BACKGROUND: white; FONT-SIZE: 11pt" >As a part of an initiative to promote Thailand&#146;s competitiveness, the Thai Government announced in Royal Decree (No. 530) to provide for a red</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >uction of corporate income tax on December 21, 2012: (1) Reduction of corporate tax from 30% to 23% for accounting period from January 1, 2012; (2) Further reduction of corporate income tax to 20% for the subsequent two accounting periods from January 1, 2013. The tax reduction is valid for three years from 2012 to 2014. In Australia, the corporate income tax rate was 30% for 2009/2010, 2010/2011 and 2011/2012 tax years. The applicable corporate income tax rate for the subsidiaries in the People&#146;s Republic of China was 25% for each of the three years ended December 31, 2011. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Pursuant to the Corporate Income Tax Law (the CIT Law) of the PRC that came into effect on January 1, 2008, all the enterprises generally are subject to corporate income tax at an effective rate of 25% on income as reported in their statutory accounts. An enterprise located in specially-designated regions or cities and eligible for the preferential policy in the form of a reduced tax rate shall have five years from the time when the CIT Law takes effect to transition progressively to the legally prescribed tax rate. During this period, an enterprise that enjoyed the 15% corporate income tax rate shall be subject to the 18% tax rate for the year 2008, 20% for the year 2009, 22% for the year 2010, 24% for the year 2011, and 25% for the year 2012.&nbsp; </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >PEWS is located in Shenzhen, which is a region where preferential tax rates apply and currently qualifies for a reduced rate of taxation of 20%, 22%, and 24% for the years 2009, 2010, and 2011, respectively. PEWS is the only subsidiary of the Company in the PRC that qualifies for the preferential tax rates under the CIT Law.</font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New"> </font><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Under the CIT law, dividend distributions of profits earned prior to January 1, 2008 to foreign investor(s) are exempt from withholding tax; distribution of the profits earned after January 1, 2008 is subject to withholding tax of 10%, reduced to 5% under the Arrangement between the Mainland of China and the Hong Kong Special Administrative Region on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income provided that the Hong Kong holding company, CCH(HK), is qualified as the &#147;beneficial owner&#148; of the dividend income under Cuoshuiban [2009] No.601.</font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p><p style="TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Pre-tax income (loss) from continuing operations was taxed in the following jurisdictions:</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 9pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Thailand</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 10,921 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 24,750 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 8,760 </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Singapore</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,149</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,671</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(80)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Australia</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,020</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,176</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,130</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-ALIGN: left; MARGIN: 0cm 8pt 0cm 0cm" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The People&#146;s Republic of China</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,690</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >6,921</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >985</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Others</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(2,318)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(3,665)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(12,101)</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6.05pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.55pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >18,462</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >31,853</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >694</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.55pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.55pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Equity investees</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0cm 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The People&#146;s Republic of China</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(40)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(21)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(58)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6.05pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 18,422 </font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 31,832 </font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; PADDING-TOP: 0cm" width="2%" valign="top" align="right"><p style="MARGIN: 0cm 14.15pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 3px double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6.05pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="LINE-HEIGHT: 11pt; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >$ 636 </font></font></p></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Significant components of the provision (benefit) for income taxes are as follows:</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm 10pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Allocated to net income (loss)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Current:</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Thailand</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 813</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 4,069</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 4,869</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Singapore</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The People&#146;s Republic of China</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >814</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,324</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >679</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Australia</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >680</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >956</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,291</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total current</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,307</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >6,349</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >6,839</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Deferred:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Thailand</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,723</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >170</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,446)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Singapore</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >100</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >59</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(154)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The People&#146;s Republic of China</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >389</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >197</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(43)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Australia</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >128</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(262)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(316)</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total deferred</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,340</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >164</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,959)</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 31pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The benefits of operating loss carried forwards</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(72)</font></p><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 31pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(314)</font></p><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 4,647</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 6,441</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 4,566</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Allocated to other comprehensive income (loss)</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 18</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 84</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ -</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 6.2pt 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The parent company&#146;s tax is filed in Bermuda, which does not have a statutory tax rate. The provision for income taxes differs based on the taxes incurred by the Operating Subsidiaries, in their respective jurisdiction. The Company determines its statutory tax rate based on its major commercial domicile that is its subsidiary in Thailand. The reconciliation of the statutory tax rate and the Company&#146;s effective tax rate is as follows:</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top" colspan="5"><p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Year ended December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Income tax at statutory tax rate in:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Tax provision at statutory rate (30%)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >$ 5,755 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >$ 9,608</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >$ 191</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Foreign income taxed at different rate </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(455)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >881</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >1,350</font></p></td></tr><tr ><td style="BACKGROUND-COLOR: #cceeff" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Expenses not deductible for tax purpose </font></font></p></td><td style="BACKGROUND-COLOR: #cceeff" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /></p></td><td style="BACKGROUND-COLOR: #cceeff" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >2,437</font></font></p></td><td style="BACKGROUND-COLOR: #cceeff" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /></p></td><td style="BACKGROUND-COLOR: #cceeff" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >1,684</font></font></p></td><td style="BACKGROUND-COLOR: #cceeff" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" /></p></td><td style="BACKGROUND-COLOR: #cceeff" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >753</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Impairment of goodwill not deductible for tax </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >- </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >- </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >2,637 </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Written-off deferred tax assets arising from </font><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >liquidation of a subsidiary</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >3,633</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Reversal of valuation allowance arising from </font><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >liquidation of a subsidiary</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(3,633)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 5pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Utilization of prior year tax losses </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(6,186) </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >- </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Changes in valuation allowance </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(3,959) </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >2,473 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(291) </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Written-off deferred tax </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >1,473</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >215</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 5pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Tax exempt on income </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(1,573)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(2,583)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(1,453)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 9pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Difference due to effect of tax holidays </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(141) </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(583) </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >- </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Unrecognized tax benefits </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >708</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >354</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >1,026</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Deferred tax liability arising from </font></p><p style="MARGIN: 0cm 0.7pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >undistributed earnings</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >402</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >578</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >193</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="TEXT-INDENT: -13.25pt; MARGIN: 0cm 0.7pt 0pt 13.25pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Effect of temporary tax rate changes on deferred tax assets</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >862</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Others</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >- </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >- </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >(702) </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.85pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="49%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total tax income for the year</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 4,647</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 6,441</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.85pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 4,566</font></font></p></td></tr></table></div><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Pacific Thai had deferred tax assets (mainly from prior year net operating losses) of $3,633 with a 100% valuation allowance as of December 31, 2010. Following the de-registration of Pacific Thai on January 5, 2011, its deferred tax assets could no longer be realized and thus were written off. The corresponding valuation allowance was reversed during the year. </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0cm 0pt 35.8pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Deferred tax liabilities and assets comprised the following:</font></p><p style="TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="32%" valign="top" colspan="3"><p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Deferred tax liabilities:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Outside basis differences</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (1,973)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (2,172)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.8pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total deferred tax liabilities</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,973)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(2,172)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.55pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.55pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 8pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Deferred tax assets:</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Unused tax losses </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >4,480</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,181</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Allowance for doubtful accounts</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,454</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >682</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Inventory impairment</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >649</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >744</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Allowance for impairment in investment</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,203</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >933</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Rebates and other accrued liabilities </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,420</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,980</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Unpaid retirement benefits </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >854</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Charges related to flooding </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm; WORD-BREAK: break-all"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >874</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Deferred revenue and cost of sales</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >320</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.8pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total deferred tax assets</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >9,206</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >7,568</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Valuation allowance for deferred tax assets (note 10)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(4,817)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(875)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"/><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"/><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"/></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.55pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 8.6pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" >Total deferred tax assets</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" >4,389</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.55pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" >6,693</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 0.95pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="66%" valign="top"/><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"/><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 0.95pt; PADDING-TOP: 0cm" width="15%" valign="top"/></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.8pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" >Net deferred tax assets</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" >$ 2,416</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.8pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 9pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 10pt; FONT-SIZE: 11pt" >$ 4,521</font></font></p></td></tr></table></div><p style="MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The amount of deferred tax liabilities and assets at December 31, 2010 and 2011 were as follows:</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="32%" valign="top" colspan="3"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-INDENT: 22pt; MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Gross current deferred tax liabilities</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (43)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ (49)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Gross current deferred tax assets</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,763</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >5,234</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Valuation allowance for deferred tax assets</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(400)</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 10pt; font:Courier New">-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,363</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >5,234</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Net current deferred tax assets </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,320 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8.8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >5,185 </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Gross non-current deferred tax liabilities</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,930)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(2,123)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 0.7pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Gross non-current deferred tax assets</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10.4pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >5,443 </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,334 </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Valuation allowance for deferred tax assets</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(4,417) </font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(875) </font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10.4pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,026 </font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >1,459 </font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"/><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Net non-current deferred tax assets </font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(904) </font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(664) </font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 3.5pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 3.5pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="66%" valign="top"/><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"/></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="66%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Net deferred tax assets</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 2,416</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm; WORD-BREAK: break-all" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 4,521</font></font></p></td></tr></table></div></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The deferred tax liabilities and assets are presented in the accompanying consolidated balance sheets as follows:</font></p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="34%" valign="top" colspan="3"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; TEXT-INDENT: 20pt; MARGIN: 0cm 10pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 10pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Current </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Deferred tax assets </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 3,320 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 5,185 </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total current </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >3,320</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >5,185</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Non-current</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Deferred tax assets </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >677 </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >517 </font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Deferred tax liabilities </font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,581)</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(1,181)</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 5.75pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Total non-current</font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >(904) </font></font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 5.75pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; LINE-HEIGHT: 11pt; MARGIN: 0cm 5pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="FONT-SIZE: 11pt" >(664)</font></font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="61%" valign="bottom"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="16%" valign="bottom"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.35pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="61%" valign="bottom"/><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="15%" valign="bottom"/><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="16%" valign="bottom"/></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 4pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" width="61%" valign="top"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >Net deferred tax assets</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" width="4%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 2,416</font></font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0pt 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 4pt; PADDING-TOP: 0cm" width="16%" valign="top"><p style="TEXT-ALIGN: right; MARGIN: 0cm 8pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" ><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 4,521 </font></font></p></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31, 2011, the Company has available unused net operating losses that may be applied against future taxable income and that expire as follows:</font></p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt; font:arial,sans-serif"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt; font:arial,sans-serif"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="17%" nowrap="nowrap" colspan="2"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt; font:arial,sans-serif"/>&nbsp;</p></td></tr><tr style="HEIGHT: 15pt"><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >Date of expiration</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >2011</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 3,089</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="TEXT-INDENT: 9.45pt; MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ </font><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New">-&nbsp;</font></p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >2012</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >5,399</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >656</font></p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >2013</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >3,115</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >461</font></p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >2014</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >5,069</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >853</font></p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >2015</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >353</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >356</font></p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >2016</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >839</font></p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align="center"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >No expiration</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >1,396</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >1,801</font></p></td></tr><tr style="HEIGHT: 15pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="26%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="42%" nowrap="nowrap"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 18,421</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; PADDING-TOP: 0cm" width="2%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt; HEIGHT: 15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" width="15%" nowrap="nowrap" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 4,966</font></p></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; TEXT-INDENT: -0.55pt; MARGIN: 0cm 6.2pt 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The remaining net operating losses can be carried forward, subject to any condition to be met under the relevant tax laws of the respective jurisdictions. The utilization of these net operating loss carry forwards is subject to agreement by the income tax authorities in the respective jurisdictions.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31, 2010 and 2011, the Company is subject to taxation in The People&#146;s Republic of China, Australia, Thailand, and Singapore.&nbsp; The Company&#146;s tax years from 2006 and forward are still open examination by the tax authorities in various tax jurisdictions.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >&nbsp;&nbsp;</font></p></div><div style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows: </font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><b><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Change in Uncertain Tax Positions</font></b></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="52%" valign="top" colspan="6"><p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 11pt; TEXT-INDENT: 0pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"><font lang="EN-US" style="FONT-SIZE: 11pt" >2011</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Balance at January 1</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >$ 2,055</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >$ 2,198</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 2,332</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="TEXT-INDENT: -11pt; MARGIN: 0cm 63.8pt 0pt 16pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Additions based on tax positions related to the current year</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >143</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >134</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >308</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0.7pt 0cm 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Additions for tax positions of prior years</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="TEXT-INDENT: 5.5pt; MARGIN: 0cm 0.55pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Settlements </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >-</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >-</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0.7pt 0pt 9pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="MARGIN: 0cm 0.55pt 0pt 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Balance at December 31</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 12pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 2,198</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 12pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 2,332</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 2,640</font></p></div></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company is not expecting there would be any reasonably possible change in the total amounts of unrecognized tax benefits within twelve months of the reporting date. As of December 31, 2010 and 2011, the amount of unrecognized tax benefits (excluding interest and penalties) included in the balance sheet that would, if recognized, affect the effective tax rate is $2,332 and $2,640, respectively.</font></p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The Company recognized interest expense and penalties related to income tax matters as a component of income tax expense. The amount of related interest and penalties the Company have provided as of the reporting date, were:</font></p><p style="MARGIN: 0cm 0cm 0pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><div align="left"><table style="WIDTH: 100%; MARGIN-LEFT: 0pt" border="0" cellpadding="0" cellspacing="0"><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="52%" valign="top" colspan="6"><p style="TEXT-ALIGN: center; MARGIN: 0cm 5pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >As of December 31,</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="MARGIN: 0cm 0.7pt 0pt 0cm"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >2009</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 8pt 0cm 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >2010</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; TEXT-INDENT: 27.5pt; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="left"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2011</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Accrued interest on unrecognized tax benefits</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >$ 1,299</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >$ 1,373</font></p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" >$ 1,783</font></p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Accrued penalties on</font><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 10pt; font:Courier New"> </font><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >unrecognized tax benefits </font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >1,806</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >1,948</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >2,256</font></p></div></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt"><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="TEXT-INDENT: -9pt; MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 6pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" />&nbsp;</p></td></tr><tr style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 1pt"><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="48%" valign="top"><p style="MARGIN: 0cm 0cm 0pt"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" >Total accrued interest and penalties on Unrecognized tax benefits</font></p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="2%" valign="top"><p style="TEXT-ALIGN: center; MARGIN: 0cm 0.7pt 0pt 0cm" align="center"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 11pt; MARGIN: 0cm 12pt 3pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="FONT-SIZE: 11pt" >$ 3,105</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 12pt 0cm 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" />&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="15%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; MARGIN-LEFT: 0cm; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 11pt; MARGIN: 0cm 12pt 3pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="FONT-SIZE: 11pt" >$ 3,321</font></p></div></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="3%" valign="top" align="right"><p style="MARGIN: 0cm 0cm 0pt" align="right"><font lang="EN-US" style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; font:Courier New"/>&nbsp;</p></td><td style="PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: #cceeff; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 1pt; PADDING-TOP: 0cm" width="14%" valign="top" align="right"><div style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><p style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 3pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align="right"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >$ 4,039</font></p></div></td></tr></table></div><p style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" />&nbsp;</p><p style="MARGIN: 0cm 0cm 0pt 35pt"><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" >The bases for interest and penalties are of 0.05% per day (18.25% annually) and 100% respectively of the relevant income tax liabilities. The Company recognized $74 and $142 in interest and penalties during 2010 and $410 and $308 in interest and penalties during 2011. As of December 31, 2010 and 2011, the Company recognized $3,321 and $4,039, respectively, in interest and penalties. &nbsp;</font></p><p style="MARGIN: 0cm 0cm 0pt"><b><font lang="EN-US" style="LINE-HEIGHT: 11pt; FONT-SIZE: 11pt" /></b>&nbsp;</p></div><!--EndFragment--><span></span></td>
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                <p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 136, 172<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 43, 44, 45, 46, 47, 48, 49<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32718-109319<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br></p>
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