After five-year adjustment and transformation, Accton finally turns loss into profit in 2008. The overall annual net sales was TWD15.089 billion with 11.8% growth, comparing to 2007. The EBIT was TWD408 million with EPS at TWD 0.75 per share.

As the ancient Roman poet—Horace, said; "Many shall be restored that are fallen and many shall fall that are now in honor." This is exactly the very true description about the past inclement year in 2008. To face highly uncertain business climate and grab the very alternative moment, Accton will continue our streamlining strategies to ride out economic recession after financial storm. Meanwhile, the IP-based Next Generation Networking will be planned in an innovative and integral direction. Accton will chase for business growth and improve profitability with our well-enhanced competence.

In the upcoming year, our company will regulate below items as our major business management directions and points:

For the streamlining project, business management physique will be enhanced continuously.

1. Establish factories with excellent competence (South China Factory).

2. Improve the business departments of low efficiency continuously and optimize the synergetic effect on subsidiaries and other invested companies.

For the aspect of innovation and integration, it is aimed to improve core values of our company.

1. Focus on Wire Ethernet technology development to expend Ethernet switch product line into Carrier Ethernet/Access products for telecom & ISP market segment.

2. Continuously develop complete Wireless product lines through investment and business alliance, aiming to create leading position in Wireless Broadband technology.

3. Establish a brand new Business Model (BU Team Management) to integrate sales realms and expand the new marketing opportunities.

2009 is exactly the 21st year for our company. While 20 year is a generation span, Accton has experienced a generation. Hereby, I sincerely appreciate the long-term support and encouragement from every esteemed shareholder. In consideration of permanent business management and maximum profit for shareholders, we will spare no effort to develop a leading team of new generation. Through the common endeavor made by both seniors and young prospects, there will be maximum efficiency reached under our best effort in experience pass-on and technology innovation. I also greet every esteemed shareholder with a healthy, prosperous and lucky new year enjoying the best preparation for our thriving future.

Chairman AJ Huang