<SEC-DOCUMENT>0001193125-19-010925.txt : 20190117
<SEC-HEADER>0001193125-19-010925.hdr.sgml : 20190117
<ACCEPTANCE-DATETIME>20190117061004
ACCESSION NUMBER:		0001193125-19-010925
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190117
FILED AS OF DATE:		20190117
DATE AS OF CHANGE:		20190117

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
		CENTRAL INDEX KEY:			0001046179
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14700
		FILM NUMBER:		19530030

	BUSINESS ADDRESS:	
		STREET 1:		NO. 8, LI-HSIN ROAD 6
		STREET 2:		SCIENCE-BASED INDUSTRIAL PARK
		CITY:			HSINCHU
		STATE:			F5
		ZIP:			00000
		BUSINESS PHONE:		886-3-5636688

	MAIL ADDRESS:	
		STREET 1:		NO. 8, LI-HSIN ROAD 6
		STREET 2:		SCIENCE-BASED INDUSTRIAL PARK
		CITY:			HSINCHU
		STATE:			F5
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d644503d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>1934 Act Registration <FONT STYLE="white-space:nowrap">No.&nbsp;1-14700</FONT> </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, DC 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">6-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>REPORT OF
FOREIGN PRIVATE ISSUER </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO RULE <FONT STYLE="white-space:nowrap">13a-16</FONT> OR
<FONT STYLE="white-space:nowrap">15d-16</FONT> OF </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the month of January 2019 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B>Taiwan
Semiconductor Manufacturing Company Ltd. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Translation of Registrant&#146;s Name Into English) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>No.&nbsp;8, Li-Hsin Rd. 6, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Hsinchu Science Park, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Taiwan </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of
Principal Executive Offices) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(Indicate by check mark whether the registrant files or will file annual reports under cover of Form
<FONT STYLE="white-space:nowrap">20-F</FONT> or Form <FONT STYLE="white-space:nowrap">40-F.)</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form
<FONT STYLE="white-space:nowrap">20-F&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form</FONT> <FONT STYLE="white-space:nowrap">40-F&nbsp;&nbsp;&#9744;</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information
to the Commission pursuant to Rule <FONT STYLE="white-space:nowrap">12g3-2(b)</FONT> under the Securities Exchange Act of 1934.) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&#9746; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(If &#147;Yes&#148; is marked, indicated below the file number assigned to the registrant in connection with Rule
<FONT STYLE="white-space:nowrap">12g3-2(b):</FONT> 82: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.) </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family: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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Taiwan Semiconductor Manufacturing Company Ltd.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: January&nbsp;17, 2019</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Lora Ho</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Lora Ho</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Vice President&nbsp;&amp; Chief Financial Officer</TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

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


<IMG SRC="g644503img01.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TSMC Reports Fourth Quarter EPS of NT$3.86 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Hsinchu, Taiwan, R.O.C., January</B><B></B><B>&nbsp;17, 2019 &#151;</B> TSMC today announced consolidated revenue of NT$289.77&nbsp;billion, net income of
NT$99.98&nbsp;billion, and diluted earnings per share of NT$3.86 (US$0.63 per ADR unit) for the fourth quarter ended December&nbsp;31, 2018. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Year-over-year, fourth quarter revenue increased 4.4% while net income and diluted EPS both increased 0.7%. Compared to third quarter 2018, fourth quarter
results represented an 11.3% increase in revenue and a 12.3% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In US dollars, fourth quarter revenue was $9.40&nbsp;billion, which increased 10.7% from the previous quarter and 2.0% year-over-year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Gross margin for the quarter was 47.7%, operating margin was 37.0%, and net profit margin was 34.5%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the fourth quarter, shipments of <FONT STYLE="white-space:nowrap">7-nanometer</FONT> accounted for 23% of total wafer revenue and <FONT
STYLE="white-space:nowrap">10-nanometer</FONT> process technology contributed 6% while <FONT STYLE="white-space:nowrap">16/20-nanometer</FONT> accounted for 21%. Advanced technologies, defined as <FONT STYLE="white-space:nowrap">28-nanometer</FONT>
and more advanced technologies, accounted for 67% of total wafer revenue. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Our fourth quarter business benefited from the strong demand for our 7
nanometer technology covering both mobile and high performance computing applications,&#148; said Lora Ho, SVP and Chief Financial Officer of TSMC. &#147;Moving into first quarter 2019, we anticipate our business will be dampened by the overall
weakening of the macroeconomic outlook, mobile product seasonality, and high levels of inventory in the semiconductor supply chain. Based on our current business outlook, management expects the overall performance for first quarter 2019 to be as
follows&#148;: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Revenue is expected to be between US$7.3&nbsp;billion and US$7.4&nbsp;billion; </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And, based on the exchange rate assumption of 1 US dollar to 30.8 NT dollars, </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Gross profit margin is expected to be between 43% and 45%; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Operating profit margin is expected to be between 31% and 33%. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The management further expects the 2019 capital budget to be between US$10&nbsp;billion and US$11&nbsp;billion. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g644503img02.jpg" ALT="LOGO">
 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

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


<IMG SRC="g644503img01.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>TSMC&#146;s 2018 fourth quarter consolidated results: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">(Unit: NT$ million, except for EPS) </P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="61%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">4Q18<br>Amount<SUP STYLE="font-size:85%; vertical-align:top">a</SUP></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">4Q17<br>Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">YoY<br>Inc.&nbsp;(Dec.)&nbsp;%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">3Q18<br>Amount</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">QoQ<br>Inc.&nbsp;(Dec.)&nbsp;%</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net sales</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">289,771</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">277,570</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">260,348</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gross profit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">138,119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">138,748</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">123,367</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income from operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107,124</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">108,895</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1.6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95,245</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income before tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111,082</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111,675</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">98,897</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99,984</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99,286</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89,072</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">EPS (NT$)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.86</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">b </SUP>&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.83</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">b </SUP>&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.44</TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">b </SUP>&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>a:</I></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>4Q2018 figures have not been approved by Board of Directors </I></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>b:</I></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Based on 25,930&nbsp;million weighted average outstanding shares </I></P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About TSMC </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TSMC is the world&#146;s largest dedicated
semiconductor foundry, providing the industry&#146;s leading process technology and foundry&#146;s largest portfolio of process-proven libraries, IPs, design tools and reference flows. The Company&#146;s owned capacity in 2018 is expected to exceed
12&nbsp;million <FONT STYLE="white-space:nowrap">(12-inch</FONT> equivalent) wafers, including capacity from three advanced <FONT STYLE="white-space:nowrap">12-inch</FONT> GIGAFAB<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> facilities,
four eight-inch fabs, and one <FONT STYLE="white-space:nowrap">six-inch</FONT> fab, in Taiwan, as well as TSMC&#146;s wholly owned subsidiaries, WaferTech, TSMC China, and TSMC Nanjing. TSMC is the first foundry to provide <FONT
STYLE="white-space:nowrap">7-nanometer</FONT> production capabilities. Its corporate headquarters are in Hsinchu, Taiwan. For more information about TSMC please visit <U>http://www.tsmc.com</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">#&nbsp;&nbsp;&nbsp;&nbsp;#&nbsp;&nbsp;&nbsp;&nbsp;# </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B><U>TSMC Spokesperson:</U></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><U>TSMC Acting Spokesperson:</U></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><U>For Further Information:</U></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lora Ho</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior VP&nbsp;&amp; CFO</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Tel: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">886-3-505-4602</FONT></FONT></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Elizabeth Sun</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Director</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Corporate Communications Division</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tel: <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">886-3-568-2085</FONT></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mobile: <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">886-988-937-999</FONT></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">E-Mail:&nbsp;elizabeth_sun@tsmc.com</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Michael Kramer</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Project Manager</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tel: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">886-3-563-6688</FONT></FONT></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ext. 7125031</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mobile: <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">886-988-931-352</FONT></FONT></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">E-Mail:</FONT>
pdkramer@tsmc.com</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Hui-Chung</FONT> Su</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior&nbsp;Administrator</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PR Department</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tel: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">886-3-563-6688</FONT></FONT></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ext. 7125033</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Mobile:&nbsp;886-988-930-039</FONT></FONT></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">E-Mail:&nbsp;hcsuq@tsmc.com</FONT></P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g644503img02.jpg" ALT="LOGO">
 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g644503img01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g644503img01.jpg
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M P,# P,#_\  $0@ 00!2 P$1  (1 0,1 ?_$ ,H   (" 04!
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MO'#B#?+)'U^>IZL[)QY=.4*\<QR;J 1;&D;*3LBJ50Q0 "]SB(>'2$<O"+=
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M=.T;PKU>,I8(2DGU-FV."M0<BO#;@@MS57,#KVSNZ8ITK<11T,_G&M=F2EM
M49!!/96M$Y&&_P#V Y8_KXJ?Z"_LW^CMG^G;]87\O_5?_M_QZS?S34_NK7P:
M6T^W=.R.*?YHX,_]!7?3?>?"E_1GN&SV[]9!;NF;=X0Z+I))P@H04U4%TB+(
MJD'OW*HFH!B'(;OX@(=AZR0S/9,BT1B")SC4B''FEI<96MMQ*I@I)20?",8I
MW5<1JND91H>8%8QD&QN]9?Q +,(ED@BQDQ1%:&F#-$4DT7*L3+(H.2E, @<4
MNP]P'J"$II^W1)0T].>8)!/]T3U+]1<'2[=W7:PJ$E!Y:EI(ZDJ)RD;B,1(0
MH+.VFB.7#"LIYU@A;!F]JX=Y==6,D\EV<HTN-4L5LAG/UDT;4M9-,MC*S*^4
M,43E4:.$C$%0!'M3<88?QJ6VEJ)F3D&)Z=\3MU=:P$^;OOH6VG*DAUR>7H5)
M0S2V G=AN$4WR)OUVP+BYLN\R61XE9(_(.,>EZ6\B&,K*M9.8CJ?R-=2CIHS
M=KTHR2$D[.R,V1$P^F#<>XB'?R=59(2C(VA"4C9)(PPE]W7C%)YUVI<#E2I2
MW!B%%2N\"NE*RHJ3TX8SWRPC"^*')"X<XN'M6Y9UW$<9H,)ME)YSW"/JDW.2
M4G*UYNT;1T=(-59!C2&[5RXCACQ.P.0" (F'S>G\>J1I:0G.EIL/2\:0G]Z+
MARZ7B113U3C;2DA)!*U9D[5!1SC-F5,] '9E**W_ +<MFCO=UJ'MFEXZXJ:Y
M3M>JG)!'2"V5\2GI1C3B9(1?V06B"43ZP,HY*B+PRP#Z0.^WT1[^<"Z:F>1D
MJ&FUX[2D1135U[+:&*1XLTZ$K3E0,H*5C8<=RNT/6ZX+V-@='/"4!7[OL!,L
M;(^%ITSB_EQ4.F\U!<C15=3['"<'DDN4R<AXF $"_1%0>X=5&4H8!0VE :*,
MN60EX8E0\\'FZITARM;2D!Q0.?LB4P01+IZC"YN/O.R?Y/<A^?O%2,X^Y/4I
M?A7!;7!6>X/[&Y>L+F6V;>U<@\KS!"EINF#J&59>@@581 S8QO$H_0"V1;Z!
M"&Y,H[]M<PL  RVE,N@GKB^7=;D\^MVHJ'U)6,0'7$F8P!GF,P!^+*1ALU3R
MNQ;/OS3+YRD8W#U_/]ZDM@U9:CI.9 _V=C:;!L:O2GI9&L1;4&ETLC@B@I"<
M3F:,G(^0 $##</M-/J62A&19!D4A4I"6T],6U-6U](XE]I]U-4D$9T+6VK$_
MJUH$^L@F'/QE:B(4AT(=A'130YP4%E&QS5BU]0!#RG%%J1),1*4.P>'?J=L-
M,HRT[:&U;RD 3]:44JMZIN#I<N3SU4DXR>6IP@C84*424CV(&)QCNO1_A!^5
MYOR?\WQZ21T';/;O^[=%']/^7OZ-W1^&-[I$\0>D(7UREXC1-VN<%N]+K#:;
MND-.4>2TRF)+*L%==I]#E?K%A'L'99*.:,KW#M5%DH]TL;R.&YS-53% 4SD0
MCRO^YC@>G:S+\4M_R&D3=4XT\3:]IFI<]LPL5Y"MVBRX]';:SG)*F6K*59EP
MI/R9*VQ<%-#ORD*KZH"43E[*"A&*>WQC]GT_D=RUYUY9G,H;VRN2V"<FB<-L
M?;6]"M_=W(4YA7&MED2Y(A-$AZ("4BS>''Y=0X.15[@!N_2$.];\?<:/NT5H
MJG$)%30$M:I%4)=#/H$UO)6%>&+N35K*=C&;^M BG,@ .Q;@MZ(^(=O#MTA
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I"#PXG_U5L/\ YT/YBAUE6F?@[O[0?FQSIQ2^EZ?]B?SS!7]9+&L8_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g644503img02.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g644503img02.jpg
M_]C_X0 817AI9@  24DJ  @              /_L !%$=6-K>0 !  0   !D
M  #_X00.:'1T<#HO+VYS+F%D;V)E+F-O;2]X87 O,2XP+P \/WAP86-K970@
M8F5G:6X](N^[OR(@:60](E<U33!-<$-E:&E(>G)E4WI.5&-Z:V,Y9"(_/B \
M>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2)!
M9&]B92!835 @0V]R92 U+C,M8S Q,2 V-BXQ-#4V-C$L(#(P,3(O,#(O,#8M
M,30Z-38Z,C<@(" @(" @("(^(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T<#HO
M+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R(^(#QR9&8Z
M1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B('AM;&YS.GAM<#TB:'1T<#HO+VYS
M+F%D;V)E+F-O;2]X87 O,2XP+R(@>&UL;G,Z9&,](FAT=' Z+R]P=7)L+F]R
M9R]D8R]E;&5M96YT<R\Q+C$O(B!X;6QN<SIX;7!-33TB:'1T<#HO+VYS+F%D
M;V)E+F-O;2]X87 O,2XP+VUM+R(@>&UL;G,Z<W12968](FAT=' Z+R]N<RYA
M9&]B92YC;VTO>&%P+S$N,"]S5'EP92]297-O=7)C95)E9B,B('AM<#I#<F5A
M=&]R5&]O;#TB36EC<F]S;V9TPJX@5V]R9" R,#$P(B!X;7!-33I);G-T86YC
M94E$/2)X;7 N:6ED.C4W0S-&,SDP,4$S.3$Q13E"138W1#8V,D-%,$$U,#9!
M(B!X;7!-33I$;V-U;65N=$E$/2)X;7 N9&ED.C4W0S-&,SDQ,4$S.3$Q13E"
M138W1#8V,D-%,$$U,#9!(CX@/&1C.F-R96%T;W(^(#QR9&8Z4V5Q/B \<F1F
M.FQI/F-Y8VAU;F<\+W)D9CIL:3X@/"]R9&8Z4V5Q/B \+V1C.F-R96%T;W(^
M(#QD8SIT:71L93X@/')D9CI!;'0^(#QR9&8Z;&D@>&UL.FQA;F<](G@M9&5F
M875L="(^6^:,B>2X@.2XB^F F>BCH>2XINF-M>6%I>2XN^:HF>FAC%T\+W)D
M9CIL:3X@/"]R9&8Z06QT/B \+V1C.G1I=&QE/B \>&UP34TZ1&5R:79E9$9R
M;VT@<W12968Z:6YS=&%N8V5)1#TB>&UP+FEI9#HU-T,S1C,X13%!,SDQ,44Y
M0D4V-T0V-C)#13!!-3 V02(@<W12968Z9&]C=6UE;G1)1#TB>&UP+F1I9#HU
M-T,S1C,X1C%!,SDQ,44Y0D4V-T0V-C)#13!!-3 V02(O/B \+W)D9CI$97-C
M<FEP=&EO;CX@/"]R9&8Z4D1&/B \+W@Z>&UP;65T83X@/#]X<&%C:V5T(&5N
M9#TB<B(_/O_M $A0:&]T;W-H;W @,RXP #A"24T$!       #QP!6@ #&R5'
M' (   (  @ X0DE-!"4      !#\X1^)R+?)>"\T8C0'6'?K_^X #D%D;V)E
M &3      ?_; (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$" @(!
M @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,#_\  $0@ : ,T P$1  (1 0,1 ?_$ *8  0 # 0
M   )"@L( 0$  P$!                !P@)!@H0 0 ! 0@  P8#!@<
M   %!-,55976EU@: @,3 1$4%@@8$@<)(3%!(@89LR1F%\A)B1$!   # PP!
M 04% 1$       $" Q.3!9'14M-4U!55E5<8&1$2!!0&%@<A,4$7"%%A@2*R
M(U-SQ'4VAL9'AS@)2?_:  P# 0 "$0,1 #\ O\
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                                                 KH_59^O]"_3
M-^>_Y@_DE[?INEOZL\_^@INHAO.G_G^CB?)D?%3^/V^#XCR:+Y>KO'Y/A\7N
M_=XO'[?;[%>?Q5^O=#\-8[]HP3ATU:-">,OUVL)?GX_C\?1'XRMCOT$_]2>)
M_K;^E6$?J=#\:?9\/I8M]EEK0H?<)ZL:?U0^?IC/]XDA'X_MA*YT[.\1Q*DM
MTJ72#GO)BARF>_AJTQ^CW$>X%'I<V]G9WB.)4ENE2Z1/)BARF>_AJST>XCW
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M8
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<VI6/\E?CZOKE^/G\P?/Q\_/Q\_'[?C^S]K__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
