Rating History

Rating Date	Rating/Credit Watch
2009/03/16	NR / --
2008/05/29	twAAA (sf) / --
2008/05/19	twA+ (sf) / Watch Pos
2008/02/01	twA+ (sf) / --
2007/01/03	twA (sf) / --

Research Analysis

Publish Date	Subject
None

*Taiwan Ratings maintains continuous surveillance over its ratings and the “Rating date” below refers to the last date on which the ratings/outlook have been changed or the ratings on/off CreditWatch.
*Unless there is a material change in our rating views on a given entity, Taiwan Ratings does not update the “Rating date,” which is accordance with the general international practice for rating disclosures.