<SEC-DOCUMENT>0001292814-13-002913.txt : 20131231
<SEC-HEADER>0001292814-13-002913.hdr.sgml : 20131231
<ACCEPTANCE-DATETIME>20131231154415
ACCESSION NUMBER:		0001292814-13-002913
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130930
FILED AS OF DATE:		20131231
DATE AS OF CHANGE:		20131231

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:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14542
		FILM NUMBER:		131305703

	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>6-K
<SEQUENCE>1
<FILENAME>apwc20131231_6k.htm
<DESCRIPTION>FORM 6-K
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<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:14.0pt;">UNITED STATES</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:14.0pt;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

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<p align=center style="margin:0cm;margin-bottom:6.0pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:14.0pt;">FORM 6-K</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:14.0pt;">REPORT OF FOREIGN PRIVATE
ISSUER</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:14.0pt;">PURSUANT TO RULE 13a-16 OR
15d-16 OF THE</font></b></p>

<p align=center style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:14.0pt;">SECURITIES EXCHANGE ACT OF 1934</font></b></p>

<p align=center style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:10.5pt;">For the month of December 2013</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">Commission file number 1-14542</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:16.0pt;">ASIA PACIFIC WIRE &amp; CABLE</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;"><br>
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:16.0pt;">CORPORATION LIMITED</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">(Exact name of Registrant as specified in
its charter)</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">Bermuda</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">(Jurisdiction of incorporation or
organization)</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">7/Fl. B, No. 132</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;">Min-Sheng East Road, Sec. 3<br>
 Taipei, 105, Taiwan<br>
 Republic of China</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">(Address of principal executive offices)</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:14.0pt;">&nbsp;</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.5pt;">Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.5pt;">Form 20-F </font><font face=wingdings lang=EN-US style="font-size:10.5pt;">x&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.5pt;"> </font><font color=black face="Times New Roman" lang=EN-US style="font-size:10.5pt;">Form 40-F </font><font face=wingdings lang=EN-US style="font-size:10.5pt;">&#168;&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.5pt;">Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): </font><font face=wingdings lang=EN-US style="font-size:10.5pt;">&#168;&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.5pt;">Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </font><font face=wingdings lang=EN-US style="font-size:10.5pt;">&#168;&nbsp;</font></p>





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<p style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:36.0pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.5pt;">Attached
hereto as Exhibit 99.1 and filed as part of this report is the press release issued
by the Registrant on December 31, 2013 reporting its unaudited financial
results for the first nine months of 2013. </font></p>

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  <p style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.5pt;">Press Release,
  dated December 31, 2013, reporting unaudited financial results for the first
  nine months of 2013.</font></p>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=black face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt; TEXT-TRANSFORM: uppercase" color=black face="times new roman bold">Signature </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 57.6pt 12pt 0cm; TEXT-INDENT: 36pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face="Times New Roman">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face="Times New Roman">By: </FONT><U><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face="Times New Roman">/s/ Yuan Chun Tang</FONT></U><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face="Times New Roman">&nbsp;&nbsp;</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face="Times New Roman">Name: Yuan Chun Tang&nbsp;</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face="Times New Roman">Title: Chief Executive Officer</FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face="Times New Roman">Date: December 31, 2013</FONT></P></TD>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-TRANSFORM: uppercase" color=black face="Times New Roman"></FONT></B>&nbsp;</P></DIV>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit_991.htm
<DESCRIPTION>PRESS RELEASE, DATED DECEMBER 31, 2013, REPORTING UNAUDITED FINANCIAL RESULTS FOR THE FIRST NINE MONTHS OF 2013
<TEXT>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0cm 0cm 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=verdana,sans-serif>Exhibit 99.1</FONT></B></P>

<P style="MARGIN: 0cm 0cm 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=verdana,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 16pt; LINE-HEIGHT: 115%" face=calibri,sans-serif>Asia Pacific Wire and Cable Corporation Reports First Nine Months 2013 Financial Results</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 16pt; LINE-HEIGHT: 115%" face="Times New Roman"><BR><BR></FONT></B></P>

<UL style="MARGIN-BOTTOM: 0cm; MARGIN-TOP: 0cm" type=disc>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face=calibri,sans-serif>Total sales increased 1.2% for the period ended September 30, 2013 to $336.4 million compared with the same period in 2012</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face=calibri,sans-serif>Generated $10.4 million of cash inflows from operations for the first nine months ended September 30, 2013 vs. $4.6 million cash outflows the first nine months ended September 30, &nbsp;2012</FONT>

<LI style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face=calibri,sans-serif>$67 million in cash and cash equivalents as of September 30, 2013</FONT> </LI></UL>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face=calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face=calibri,sans-serif>TAIPEI, Taiwan, December 31, 2013 (GLOBE NEWSWIRE)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" face=calibri,sans-serif> -- Asia Pacific Wire &amp; Cable Corporation Limited (NASDAQ: APWC) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced the Company&#8217;s financial results for the nine months ended September 30, 2013. </FONT></P>

<P style="MARGIN: 12pt 0cm; LINE-HEIGHT: 16pt"><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt" face=arial,sans-serif>Financial Summary </FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>Q3 2013 Financial Results</FONT></B></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <TD vAlign=top width="36%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" color=black face=arial,sans-serif>Q3 2012</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" color=black face=arial,sans-serif>Q3 2013</FONT></B></P></TD>

   <TD vAlign=top width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" color=black face=arial,sans-serif>CHANGE</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>Revenues </FONT></P></TD>

   <TD vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>$332.5 million</FONT></P></TD>

   <TD vAlign=top width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>$336.4 million</FONT></P></TD>

   <TD vAlign=top width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>+1.2%</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>Gross Profit</FONT></P></TD>

   <TD style="HEIGHT: 14.85pt" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>$34.4 million</FONT></P></TD>

   <TD style="HEIGHT: 14.85pt" vAlign=top width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>$34.3 million</FONT></P></TD>

   <TD style="HEIGHT: 14.85pt" vAlign=top width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>--</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>Net Income Attributable to APWC</FONT></P></TD>

   <TD vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>$5.7 million</FONT></P></TD>

   <TD vAlign=top width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>$3.1 million</FONT></P></TD>

   <TD vAlign=top width="25%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>-45.6%</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>EPS </FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>$0.42 </FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 14pt" face=arial,sans-serif>-47.6%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>* Earnings per share are based on 13.8 million shares for the nine-month period ended September 30, 2012 and 2013, respectively.</FONT></I></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Year to Date 2013 Results</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Revenues for the nine months ended September 30, 2013 were $336.4 million, a 1.2% increase from the corresponding period in 2012. Higher sales of distributed products and SDI were partially offset by lower sales of manufactured products. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Gross profit for first nine months of 2013 was $34.3 million, essentially flat compared to $34.4 million in the year-ago period, representing gross margins of 10.2% and 10.3%, respectively. Gross margins declined slightly from the prior period as a result of reduced sales of manufactured products, which carry higher gross margins compared to distributed products. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Selling, general and administrative expenses for the nine months ended September 30, 2013 decreased 2.2% to $22.4 million.&nbsp; Operating income was $11.2 million compared to $15.6 million in the first nine months of 2012.&nbsp; Excluding the $3.9 million net recovery from insurance coverage due to flooding recorded in the first nine months of 2012, operating income decreased by approximately 4% in the first nine months of 2013.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Net income attributable to APWC shareholders was $3.1 million for the first nine months of 2013 compared to $5.7 million in the corresponding period in 2012. &nbsp;Net income per basic and diluted share was $0.22 for the period, compared to $0.42 in the first nine months of 2012. The basic and diluted weighted average shares outstanding were 13.8 million in both periods.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Financial Condition</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>As of September 30, 2013, APWC had $67.0 million in cash and cash equivalents and $10.8 million in restricted short-term bank deposits, totaling $77.8 million, compared to cash and cash equivalents and unrestricted and restricted bank deposits totaling $90.2 million as of December 31, 2012. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Total current assets were $309.9 million at September 30, 2013 compared to $330.2 million at December 31, 2012. Working capital was $180.6 million at September 30, 2013.&nbsp; For the period ended September 30, 2013 APWC had short term bank loans and overdrafts of $43.8 million, down from $57.8 million at December 31, 2012. The Company had no long term debt outstanding at September 30, 2013. Shareholders' equity attributable to APWC was $159.9 million at September 30, 2013 compared to $161.7 million at December 31, 2012. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>APWC generated approximately $10.4 million of cash from operating activities during the first nine months of 2013, an improvement of $15 million compared to $4.6 million of cash used for operations in the corresponding period in 2012, mainly because of $6.1 million cash inflows from accounts and notes receivable in 2013 and $9.2 outflows in 2012.&nbsp; APWC borrowed less and paid back $15.6 million of bank debt which led to $17.9 million cash outflows in the first nine months of 2013, comparing to $7.8 million cash inflows in the same period of 2012.&nbsp; The Company had capital expenditures of $7.2 million in the first nine months of 2013 compared to $7.6 million in the first nine months of 2012.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Business Updates</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Australia Pacific Electric Cable Pty. Ltd., one of APWC&#8217;s subsidiaries, has entered the medium and high voltage power cable market through a public tender process.&nbsp; Although the project size is relatively small, it still serves as a stepping stone to the vast power cable market in the South Pacific Region.&nbsp; </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Sigma Cable Company Pte. Ltd., which is an APWC subsidiary based in Singapore, has begun to expand SDI project work from medium voltage to higher voltage power cables.&nbsp; We expect to enter the high voltage power cables SDI projects in the coming years.&nbsp; The shift in product mix is expected to generate higher margin for the subsidiary and is expected to open up additional market opportunities in the country. &nbsp;&nbsp;&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>About Asia Pacific Wire &amp; Cable Corporation</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Asia Pacific Wire &amp; Cable Corporation 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. The Company manufactures and distributes its own wire and cable products and also distributes wire and cable products ("Distributed Products") manufactured by its principal shareholder, Pacific Electric Wire &amp; Cable Company, a Taiwanese company ("PEWC"). The Company also provides project engineering services in the supply, delivery and installation ("SDI") of power cables to certain of its customers. For more information on the Company, visit http://www.apwcc.com Information on the Company's Web site or any other Web site does not constitute a portion of this release.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Safe Harbor Statement</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11.5pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>This release contains certain "forward-looking statements" relating to the Company, its business, and its subsidiary companies. These forward looking statements are often identified by the use of forward-looking terminology such as "believes", "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 11pt" face=calibri,sans-serif>Contact:</FONT></B></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=calibri,sans-serif>Company Contact:</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=calibri,sans-serif>Asia Pacific Wire &amp; Cable Corporation Limited</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=calibri,sans-serif>Mr. Ivan Hsia, CFO</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=calibri,sans-serif>Phone: +886-2-2712-2558 ext. 27</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=calibri,sans-serif>E-mail: </FONT><U><FONT lang=PT-BR style="FONT-SIZE: 12pt" color=blue face=calibri,sans-serif>ivan.hsia@apwcc.com &nbsp;</FONT></U></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=calibri,sans-serif>Investor Relations Contact:</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=calibri,sans-serif>MZ North America<BR>John Mattio, SVP</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=calibri,sans-serif>Tel: +1-212-301-7130<BR>Email: john.mattio@mzgroup.us</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=calibri,sans-serif>www.mzgroup.us</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>CONSOLIDATED STATEMENTS OF OPERATIONS</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(Unaudited)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(Amounts in thousands of US Dollars, except per share data)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>For the nine-month </FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>ended September 30,</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>2012</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>2013 </FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Net sales</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Manufactured products (including sales to related parties amounted to $2,253 and $1,559 for the nine-months ended September 30, 2012 and 2013, respectively)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$292,790 </FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$283,683 </FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Distributed products</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>36,465 </FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>41,053</FONT></P></TD></TR>

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   <TD style="HEIGHT: 25.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Supply, delivery and installation of wires and cables</FONT></P></TD>

   <TD style="HEIGHT: 25.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>3,290</FONT></P></TD>

   <TD style="HEIGHT: 25.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 25.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>11,641</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>332,545 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>336,377</FONT></P></TD></TR>

<TR style="HEIGHT: 51pt">

   <TD style="HEIGHT: 51pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Cost of sales (including purchases from related parties amounted to$28,317 and $29,842 for the nine-months ended September 30, 2012 and 2013, respectively)</FONT></P></TD>

   <TD style="HEIGHT: 51pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(298,130)</FONT></P></TD>

   <TD style="HEIGHT: 51pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 51pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(302,040)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Gross profit</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>34,415 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>34,337</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Selling, general and administrative expenses</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(22,944)</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(22,429)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Recovery (allowance) for doubtful accounts </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>244</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(254)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Impairment of investment </FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(464)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Charge related to flooding </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(752)</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>0 </FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Recovery of losses from flooding </FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>4,611</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>39</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Income from operations</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>15,574</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>11,229</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Exchange gain (loss), net</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>1,532</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(1,029)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Interest income</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>1,192</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>1,001</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Interest expense</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(1,590)</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(1,485)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Gain on disposal of an investment</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>0 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>556</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Share of net gain (loss) of equity investees</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=verdana,sans-serif>18</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(109)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Other income, net</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>948</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>805</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Income before income taxes</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>17,674</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>10,968</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Income taxes expense</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(5,981)</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(3,806)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Net income</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>11,693</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>7,162</FONT></P></TD></TR>

<TR style="HEIGHT: 26.4pt">

   <TD style="HEIGHT: 26.4pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Less: Net income attributable to non-controlling interests</FONT></P></TD>

   <TD style="HEIGHT: 26.4pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(5,947)</FONT></P></TD>

   <TD style="HEIGHT: 26.4pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 26.4pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(4,073)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Net income attributable to APWC</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>5,746</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>3,089</FONT></P></TD></TR>

<TR style="HEIGHT: 17.4pt">

   <TD style="HEIGHT: 17.4pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Basic and diluted earnings per share</FONT></P></TD>

   <TD style="HEIGHT: 17.4pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>0.42</FONT></P></TD>

   <TD style="HEIGHT: 17.4pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 17.4pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>0.22</FONT></P></TD></TR>

<TR style="HEIGHT: 30pt">

   <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Basic and diluted weighted average common shares outstanding </FONT></P></TD>

   <TD style="HEIGHT: 30pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>13,830,769 </FONT></P></TD>

   <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 30pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>13,821,612 </FONT></P></TD></TR>

<TR style="HEIGHT: 21pt">

   <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<TR style="HEIGHT: 21pt">

   <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="1%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="16%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="100%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(Unaudited)</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(Amounts in thousands of US Dollars, except per share data)</FONT></P></TD></TR>

<TR style="HEIGHT: 18.75pt">

   <TD style="HEIGHT: 18.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 18.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="32%" colSpan=4 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>For the nine-month </FONT></B></P></TD></TR>

<TR style="HEIGHT: 18.75pt">

   <TD style="HEIGHT: 18.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 18.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="32%" colSpan=4 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>ended September 30,</FONT></B></P></TD></TR>

<TR style="HEIGHT: 18.75pt">

   <TD style="HEIGHT: 18.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 18.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>2012</FONT></B></P></TD>

   <TD style="HEIGHT: 18.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 18.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>2013 </FONT></B></P></TD></TR>

<TR style="HEIGHT: 18.75pt">

   <TD style="HEIGHT: 18.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Net income</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Other comprehensive income (loss)</FONT></P></TD>

   <TD style="HEIGHT: 18.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$11,693</FONT></P></TD>

   <TD style="HEIGHT: 18.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 18.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$7,162</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Currency translation adjustment, net of tax of nil</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>5,782 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(7,232)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Pension liability adjustments</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(2,465)</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>218</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Reclassification of unrealized loss of available-for-sale securities upon disposal or impairment</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>464</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Other comprehensive income (loss) for the period</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>3,317</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(6,550)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Total comprehensive income for the period</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>15,010</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>612</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Less: total comprehensive income attributable to non-controlling interest</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-BOTTOM: #c4bc96 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(6,866)</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-BOTTOM: #c4bc96 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(2,442)</FONT></P></TD></TR>

<TR style="HEIGHT: 25.8pt">

   <TD style="HEIGHT: 25.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Total comprehensive income (loss) attributable to APWC shareholders</FONT></P></TD>

   <TD style="HEIGHT: 25.8pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>8,144</FONT></P></TD>

   <TD style="HEIGHT: 25.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 25.8pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(1,830)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%" colSpan=2 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD width="68%">&nbsp;</TD>

   <TD width="15%">&nbsp;</TD>

   <TD width="1%">&nbsp;</TD>

   <TD width="1%">&nbsp;</TD>

   <TD width="15%">&nbsp;</TD></TR></TABLE></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader9"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 1.4pt" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="100%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="100%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>CONSOLIDATED BALANCE SHEETS</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="100%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(In thousands of US Dollars, except per share data)</FONT></P></TD></TR>

<TR style="HEIGHT: 34.8pt">

   <TD style="HEIGHT: 34.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 34.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>As of December 31,2012 (Audited) </FONT></B></P></TD>

   <TD style="HEIGHT: 34.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 34.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>As of September 30,2013 (Unaudited) </FONT></B></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>ASSETS</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 25.5pt">

   <TD style="HEIGHT: 25.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Current assets:</FONT></P></TD>

   <TD style="HEIGHT: 25.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 25.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 25.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Cash and cash equivalents</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$72,816</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$67,007</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Unrestricted short-term bank deposits</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>6,210</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>0</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Restricted short-term bank deposits</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>11,217</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>10,787</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Accounts receivable, net of allowance for</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" rowSpan=3 width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>125,128</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" rowSpan=3 width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>115,583</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp; doubtful accounts of $2,580 and $1,729 as of</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND: #ffffff; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;&nbsp;December 31, 2012 and September 30, 2013, respectively</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Amounts due from related parties</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>4,066</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>3,495</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Inventories</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

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

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Distributed products</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>12,780</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>14,609</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Finished products</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>40,589</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>42,239</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Work-in-progress</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>19,743</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>15,130</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp; Raw materials and supplies</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>25,409</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>33,202</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>98,521</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>105,180</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

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

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Deferred tax assets</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>3,134</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>2,895</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Prepaid expenses</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>6,738</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>4,958</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Short - term investment in held-to-maturity securities </FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>2,378</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>0</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Total current assets</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>330,208</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>309,905</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

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

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Property, plant and equipment:</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

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

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Land</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>6,194</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>5,928</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Land use rights</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>2,914</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>2,963</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Buildings</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>52,372</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>51,294</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Machinery and equipment</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>122,584</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>115,666</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Motor vehicles</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>4,336</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>4,625</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Office equipment</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>6,830</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>6,739</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Construction in progress</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>4,998</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>7,107</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

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

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>200,228</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>194,322</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Accumulated depreciation and impairment losses</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(149,832)</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(142,120)</FONT></P></TD></TR>

<TR style="HEIGHT: 20pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

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

   <TD style="BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>50,396</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>52,202</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Investments</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>1,002</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>976</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Investments in equity investees</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>4,414</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>3,058</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Other assets</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>889</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>423</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Deferred tax assets</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>2,475</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>2,576</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

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

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>8,780</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>7,033</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Total assets</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$389,384</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$369,140</FONT></P></TD></TR></TABLE></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 1.4pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>LIABILITIES AND EQUITY</FONT></P></TD>

   <TD style="BORDER-TOP: #d7e7b8 1pt solid; HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #d7e7b8 1pt solid; HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu>&#12288;</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; BORDER-LEFT: #d7e7b8 1pt solid; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu>&#12288;</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Current liabilities:</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Bank loans and overdrafts</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>57,845 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>43,763 </FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Accounts payable</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>40,616 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>45,501</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Accrued expenses</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>13,499 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>10,526</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Amounts due to related parties</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>11,428 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>12,899</FONT></P></TD></TR>

<TR style="HEIGHT: 25.2pt">

   <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Short-term loans from the immediate holding company</FONT></P></TD>

   <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>1,732 </FONT></P></TD>

   <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>1,732 </FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Income tax liabilities</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>11,225 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>9,450</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp;Other current liabilities</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>10,149 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>5,440</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Total current liabilities</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>146,494 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>129,311</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Non-current liabilities:</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Other non-current liabilities</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>6,060 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>6,296 </FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Deferred tax liabilities</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>2,219</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>2,220</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Total non-current liabilities</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>8,279</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>8,516</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Total liabilities</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>154,773</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>137,827</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Commitments and contingencies</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Shareholders' equity:</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 15pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Common shares, $0.01 per share:</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BORDER-RIGHT: #d7e7b8 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD></TR>

<TR style="HEIGHT: 25.2pt">

   <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 25pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Authorized shares of 50,000,000 </FONT></P></TD>

   <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>138 </FONT></P></TD>

   <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>138 </FONT></P></TD></TR>

<TR style="HEIGHT: 63pt">

   <TD style="HEIGHT: 63pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Issued shares: 13,830,769</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 25pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Outstanding shares:</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Sep 30, 2013 &#8211; 13,819,669 shares </FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Dec 31, 2012 &#8211; 13,828,869 shares</FONT></P></TD>

   <TD style="HEIGHT: 63pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 63pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 63pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Additional paid-in capital</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>110,608 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>110,608 </FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Retained earnings</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>45,553 </FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>48,642</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Treasury shares</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(6)</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(38)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Accumulated other comprehensive income</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>5,424</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>503</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Total APWC shareholders' equity</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>161,717</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>159,853</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Non-controlling interests</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>72,894</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>71,460</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Total equity</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>234,611</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>231,313</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Total liabilities and equity</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$389,384</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: gray 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$369,140</FONT></P></TD></TR></TABLE></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 1.4pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 33pt">

   <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="100%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</FONT></P></TD></TR>

<TR style="HEIGHT: 24.75pt">

   <TD style="HEIGHT: 24.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="100%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</FONT></P></TD></TR>

<TR style="HEIGHT: 24.75pt">

   <TD style="HEIGHT: 24.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="100%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(Unaudited)</FONT></P></TD></TR>

<TR style="HEIGHT: 27.75pt">

   <TD style="HEIGHT: 27.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="100%" colSpan=4>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(In thousands of U.S. Dollars)</FONT></P></TD></TR>

<TR style="HEIGHT: 32.25pt">

   <TD style="HEIGHT: 32.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; BORDER-LEFT: #d7e7b8 1pt solid; PADDING-RIGHT: 1.4pt" vAlign=bottom width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 32.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="32%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>For the nine-month</FONT></B></P></TD></TR>

<TR style="HEIGHT: 25.2pt">

   <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; BORDER-LEFT: #d7e7b8 1pt solid; PADDING-RIGHT: 1.4pt" vAlign=bottom width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 25.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="32%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>ended September 30,</FONT></B></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" vAlign=bottom width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>2012</FONT></B></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=pmingliu></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 31.8pt">

   <TD style="HEIGHT: 31.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Net cash (used in) provided by operating activities</FONT></P></TD>

   <TD style="HEIGHT: 31.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>($4,568)</FONT></P></TD>

   <TD style="HEIGHT: 31.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 31.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$10,365</FONT></P></TD></TR>

<TR style="HEIGHT: 26.25pt">

   <TD style="HEIGHT: 26.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Net cash (used in) provided by investing activities</FONT></P></TD>

   <TD style="HEIGHT: 26.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(14,122)</FONT></P></TD>

   <TD style="HEIGHT: 26.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 26.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>3,057</FONT></P></TD></TR>

<TR style="HEIGHT: 27pt">

   <TD style="HEIGHT: 27pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Net cash provided by (used in) financing activities</FONT></P></TD>

   <TD style="HEIGHT: 27pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>7,844</FONT></P></TD>

   <TD style="HEIGHT: 27pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 27pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(17,897)</FONT></P></TD></TR>

<TR style="HEIGHT: 31.2pt">

   <TD style="HEIGHT: 31.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Effect of exchange rate changes on cash and cash equivalents</FONT></P></TD>

   <TD style="HEIGHT: 31.2pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>844</FONT></P></TD>

   <TD style="HEIGHT: 31.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 31.2pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(1,334)</FONT></P></TD></TR>

<TR style="HEIGHT: 16.2pt">

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Net decrease in cash and cash</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.2pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.25pt">

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>&nbsp; equivalents</FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(10,002)</FONT></P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>(5,809)</FONT></P></TD></TR>

<TR style="HEIGHT: 27.75pt">

   <TD style="HEIGHT: 27.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Cash and cash equivalents at beginning of period</FONT></P></TD>

   <TD style="HEIGHT: 27.75pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>76,672</FONT></P></TD>

   <TD style="HEIGHT: 27.75pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=pmingliu>&#12288;</FONT></P></TD>

   <TD style="HEIGHT: 27.75pt; BORDER-BOTTOM: #999999 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>72,816</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>Cash and cash equivalents at end of period</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #666666 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$66,670</FONT></P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; BORDER-BOTTOM: #666666 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif>$67,007</FONT></P></TD></TR>

<TR style="HEIGHT: 16.8pt">

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="68%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 16.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 1.4pt; PADDING-RIGHT: 1.4pt" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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