Taiwanese Low Leverage High Rewards

Y.C.C. Parts Mfg

Market Cap: NT$3.9b

Manufactures and sells automotive plastic parts in North America, Central America, South America, Europe, Asia, and Taiwan.

Audix

Market Cap: NT$6.4b

Manufactures, markets, trades in, and distributes electronic components in Taiwan.

Powertech Technology

Market Cap: NT$81.0b

Researches, designs, develops, assembles, manufactures, packages, tests, and sells various integrated circuit (IC) products in Taiwan, Japan, Singapore, the United States, Europe, China, Hong Kong, Macao, and internationally.

Sporton International

Market Cap: NT$17.1b

Provides product testing and certification services in Taiwan and internationally.

E-Life

Market Cap: NT$7.2b

Engages in the retail of home appliances, computers, and mobile devices in Taiwan.

Chicony Electronics

Market Cap: NT$112.1b

Engages in the manufacture and sale of electronic parts and components in Taiwan and internationally.

ECOVE Environment

Market Cap: NT$20.7b

Provides waste management services to public and private entities in Taiwan, Macau, China, Southeast Asia, the United States, and India.

Yuanta Futures

Market Cap: NT$26.3b

Engages in the futures brokerage business in Taiwan, the rest of Asia, Europe, America, and internationally.

Universal Cement

Market Cap: NT$19.2b

Manufactures and sells cement, ready-mixed concrete, gypsum board panels, and other building materials in Taiwan.

Emerging Display Technologies

Market Cap: NT$3.6b

Produces and sells capacitive touch panels and liquid crystal displays (LCD) in Taiwan, Europe, the United States, and internationally.

Chien Kuo Construction

Market Cap: NT$5.7b

Engages in the construction business in Taiwan and China.

Global Mixed-Mode Technology

Market Cap: NT$18.9b

Engages in the production, manufacturing, and sales of digital and analog mixed integrated circuits in Taiwan and internationally.

Tripod Technology

Market Cap: NT$96.4b

Processes, manufactures, and sells printed circuit boards and other related components in Taiwan, China, Vietnam, Thailand, South Korea, Malaysia, and internationally.

Pacific Hospital Supply

Market Cap: NT$6.7b

Manufactures, processes, and sells medical disposable products and equipment in Taiwan.

CTCI Advanced Systems

Market Cap: NT$4.0b

Provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally.

Interactive Digital Technologies

Market Cap: NT$4.0b

Provides telecom, media, information technology (IT) and cloud, and geographical information system related professional consulting and implementation services in Taiwan.

Kwong Lung Enterprise

Market Cap: NT$7.9b

Engages in the manufacture and sale of apparel in Taiwan, China, Vietnam, and Japan.

Te Chang Construction

Market Cap: NT$6.5b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

104

Market Cap: NT$7.6b

Engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally.

ADDCN Technology

Market Cap: NT$10.5b

Operates online trading platforms in Taiwan and internationally.

Wholetech System Hitech

Market Cap: NT$6.3b

Provides system integration services in Taiwan, China, and Singapore.

Mildef Crete

Market Cap: NT$5.8b

Research, designs, plans, manufactures, sell, imports, and exports computer software, hardware, and components in Taiwan, Germany, the United Kingdom, Sweden, the United States, and internationally.

Xxentria Technology Materials

Market Cap: NT$10.1b

Manufactures and sells steel composite materials in the United States, Asia, and internationally.

L&K Engineering

Market Cap: NT$55.0b

Provides turnkey engineering services in Taiwan, Hongkong, and internationally.

Ve Wong

Market Cap: NT$9.1b

Produces and distributes foods, drinks, and seasonings in Taiwan, Thailand, and Vietnam.

National Petroleum

Market Cap: NT$19.1b

Engages in the gas stations business in Taiwan.

Raydium Semiconductor

Market Cap: NT$24.7b

Designs, develops, and sells of integrate circuits (IC) in Taiwan, China, Hong Kong, and internationally.

Lion Travel Service

Market Cap: NT$12.7b

Provides travel services in Taiwan and internationally.

Hong Ho Precision TextileLtd

Market Cap: NT$3.6b

Manufactures and sells various textiles in Taiwan.

Shanghai Commercial & Savings Bank

Market Cap: NT$228.0b

The Shanghai Commercial & Savings Bank, Ltd.

Lumax International

Market Cap: NT$9.1b

Provides electronic components and program-controlled instruments in Taiwan and China.

Dacome International

Market Cap: NT$839.8m

Distributes and sells golf equipment in Taiwan and internationally.

Top Union Electronics

Market Cap: NT$4.7b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

Eurocharm Holdings

Market Cap: NT$10.5b

Manufactures and sells motorcycle and auto equipment parts, medical equipment, and machine parts in Taiwan, Vietnam, and internationally.

Feng Hsin Steel

Market Cap: NT$35.0b

Manufactures, processes, and trades steel products in Taiwan.

Shin Hai Gas

Market Cap: NT$9.1b

Engages in the supply of natural gas in Taiwan.