IFRS 9

Securities and Future Bureau under Financial Supervisory Commission, R.O.C. announced that they will amend the Financial Accounting Standards as soon as possible; the use of IFRS 9 will not become mandatory for accounting period commencing on January 1, 2012.

IASB has announced that the effective date of IFRS 9, accounting for Financial Instruments, is postponed from 2013 to 2015.

IFRS 9 reduces Financial Instruments classifications from 5 to 2; the financial assets, such as Hold to Maturity Bond, Low Liquidity Bond or Structured Financial Instruments, which were accounted for on cost basis, will be accounted for on fair market value basis under the new the classification system.  In the future, when assessing market values, some assets may incur loss; the book value will be impacted significantly.