News

18:35:51

The material resolution of the BOD of FENC's subsidiary Yuan Tong Investment Co.

1.Date of occurrence of the event:2010/03/24

2.Method of the present increase (decrease) in investment:Investment in china through existing
off-shore investment company

3.Transaction volume, price per unit, and total monetaryamount of the transaction:
Transaction volume:NA
price per unit:NA
total monetary amount of the transaction:USD4,303,530

4.Company name of the invested mainland Chinese company:Martens Beer (Shanghai) Ltd.

5.Paid-in capital of said invested mainland Chinese company:
RMB25,000,000

6.Amount of new capital increment currently plannedby said invested mainland Chinese company:
RMB32,500,000

7.Main business items of said invested mainland Chinesecompany:
To sale beer

8.Type of CPA opinion issued for the financial statementof said invested mainland Chinese company
for the mostrecent fiscal year:Unquilfied Opinion.

9.Net worth of said invested mainland Chinese company onthe financial statement for the most recent
fiscal year:RMB13,695,653.77

10.Amount of profit/loss of said invested mainland Chinesecompany on the financial statement for
the most recentfiscal year:RMB(9,278,857.65)

11.Amount of actual investment to date in said investedmainland Chinese company:
USD3,800,000

12.Counterparty to the transaction and its relationshipto the Company:NA

13.Where the counterparty to the transaction is an actualrelated party, public announcement shall also
be made ofthe reason for choosing the related party as thecounterparty and the identity of the previous
owner(including its relationship with the company and thetrading counterpart), the date of transfer, and
the price:NA

14.Where a person who owned the subject matter of thetransaction within the past five years has been
anactual related party of the company, publicannouncement shall also be made of the dates andprices
of acquisition and disposal by the relatedparty and such party's relationship to the companyat those
times:NA

15.Gain (or loss) on disposal:NA

16.Terms of delivery or payment (including payment periodand monetary amount), restrictive covenants
in thecontract, and other important stipulations:NA

17.The manner of deciding on this transaction, the referencebasis for the decision on price and the
decision-makingdepartment:BOD

18.Broker:NA

19.Concrete purpose of the acquisition or disposal:based on the percentage of ownership

20.Do the directors have any objection to the present transaction?:Nil

21.Total amount of mainland China area investment(including the present investment) approved by
theInvestment Commission to date:USD58,103,530

22.Ratio of the total amount of investment (includingthe present investment) in the mainland China area
approvedby the Investment Commission to date to the paid-in capitalon the financial statement for the
most recent period:26.23%

23.Ratio of the total amount of investment (includingthe present investment) in the mainland China
areaapproved by the Investment Commission to date to thetotal assets on the financial statement for
the mostrecent period:19.87%

24.Ratio of the total amount of investment (includingthe present investment) in the mainland China area
approvedby the Investment Commission to date to the shareholders’equity on the financial statement
for the most recent period:25.35%

25.Total amount of actual investment in the mainland Chinaarea to date:USD53,800,000

26.Ratio of the total amount of actual investment in themainland China area to date to the paid-in
capital onthe financial statement for the most recent period:24.29%

27.Ratio of the total amount of actual investment in themainland China area to date to the total assets on thefinancial statement for the most recent period:18.40%

28.Ratio of the total amount of actual investment in themainland China area to date to the shareholders’ equityon the financial statement for the most recent period:23.47%

29.Amount of recognized profits and losses on investment inthe mainland China area for the most
recent three fiscal years:
2007:TWD(20,705,297)
2008:TWD(109,407,062)
2009:TWD(354,712,967)

30.Amount of profit remitted back to Taiwan for the mostrecent three fiscal years:
2007:TWD0
2008:TWD0
2009:TWD0

31.Has the CPA issued an opinion on the unreasonableness of the priceof the current transaction?:
NO

32.Any other matters that need to be specified:NO