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I. History
Date : 2008- 8
| 2002/01/31 |
International Bills Finance Corp., Concourse Securities Co., Ltd., and Grand Orient Securities Corp. held extraordinary general meetings where their shareholders approved the establishment of Waterland Financial Holding Co., Ltd. via a share swap. |
| 2002/02/08 |
WFH's initiation secured Ministry of Finance approval. |
| 2002/03/26 |
WFH's initiation secured Ministry of Economic Affairs approval; WFH shares became available for trading while International Bills Finance Corp. shares were delisted. |
| 2002/10/18 |
WFH units Concourse Securities Co., Ltd., Grand Orient Securities Corp., and International Bills Union Securities Co., Ltd. undertook a merger. International Bills Union Securities was the surviving entity, which was renamed "Waterland Securities Co., Ltd." |
| 2004/07/09 |
Waterland Venture Capital Co., Ltd. was formed with paid-in capital of NT$500 million. |
| 2005/06/29 |
The annual general meeting elected the Company's Second-term Board of Directors and Supervisors |
| 2005/07/20 |
The board appointed Hsin Li Investment Co., Ltd. (later renamed Nice Commercial Mortgage Corp.) chairperson, which in turn assigned its representative Victor Wei-chi Liu to take up the post. |
| 2005/08/12 |
The board appointed Ming-jen Chen president |
| 2006/06/09 |
Waterland Securities Co., Ltd. conducted a capital reduction of NT$ 1,869,210,700 to NT$ 8,270,789,300 |
| 2007/04/16 |
President of WFH, Mr. Ming-jen Chen, resigned. |
| 2007/05/25 |
The board of directors appointed Mr. Harvey Liu President of WFH.
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| 2007/12/06 |
Taiwan Cooperative Bank and Mega International Commercial Bank sold their WFH holdings through an auction on the Taiwan Stock Exchange. As the sales exceeded 50% of their holdings when they were elected WFH directors, their board seats were automatically revoked in accordance with Article 197 of the Company Law. |
| 2008/06/27 |
The annual general meeting elected the Company's Third-term Board of Directors and Supervisors. |
| 2008/07/10 |
The newly formed board elected Hungmen Enterprise Co. chairperson. Mr. Steven Hung was appointed its representative to perform the duty. |
III. Directors and Supervisors
Date : 2008- 10
Position |
Name |
Entity Represented |
Academic Attainment |
Experience |
Chairman |
Steven Hung |
Hungmen Enterprise Co. |
Dept. of Law, National Taiwan University |
Director, Taiwan Asset Management Corporation Director, China Steel Corporation
|
Director |
Yang-kang Chen |
Hengsing Development Co., Ltd. |
Dept. of Economics, National Taiwan University |
Chairman, San Yi Investment Advisory Co., Ltd. |
Director |
Ding Yu-Jia |
Hengsing Development Co., Ltd. |
Ph.D. in Economics, Indiana University |
Chairman, Waterland Securities Co., Ltd |
Director |
Xiao Yong Cong |
Hengsing Development Co., Ltd. |
Master of International Finance, University of California, Berkeley |
Director, International Bills Finance Corp. |
Director |
Victor Wei-Chi Liu |
Nice Commercial Mortgage Corp. |
Ph.D., Kellogg Graduate School of Management, Northwestern University |
Chairman, International Bills Finance Corp |
Director |
James Y.L. Wei |
Tsu-Tong International Development Corp. |
Master Degree of Law, National Taiwan University |
Partner, Chen Lin & Wei Law Offices |
Director |
Charlene Tsai |
HUA-KANG INTERNATIONAL ASSET MANAGEMENT CORP. |
Chinese Culture University Department of Law |
NICE GROUP HEADQUARTERS Manager Administration & Legal Department |
Director |
Ye Wen Zhong |
TECO International Investment Co., Ltd |
Dept. of Business Administration,
Boston University |
Director of Finance,
TECO Electric & Machinery Co., Ltd. |
Independent Director |
David Yang |
- |
Juris Doctor, University of Florida |
Senior Partner, Baker & McKenzie Professor of Law,Soochow University Law School |
Independent Director |
James Lee |
- |
Dept. of Law, National Taiwan University |
Chairman, Fortune Information System, Co., Ltd |
Independent Director |
Yeong-chyan Wu |
- |
Ph.D. in law, University of Washington |
Professor of Law, SHU
Dean of School of Lifelong Learning, SHU |
Supervisor |
Guo Ming Hui |
Shan Yue Enterprise Co., Ltd. |
Dept. of Economics,
National Taiwan University |
Manager of Business Department,
Hua Nan Bank
|
Supervisor |
Zi-qiang Wang |
NICE INVESTMENT & DEVELOPMENT CORP. |
Master Degree of Business,National Taiwan University |
CPA
Pao Chuan Company |
Supervisor |
Kang-Jung Chan |
HUA-JI INTERNATIONAL DEVELOPMENT CORP. |
Dept. of Law, National Taiwan University |
Attorney |
IV. Executive Officers
Date : 2008- 9
Position |
Name |
Academic Attainment |
Experience |
President
|
Harvey Liu
|
Dept. of Economics, National Taiwan University
M.A. Graduate Institute of Economics, Chinese Culture University
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President, Taiwan Bills Finance Corp.
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Executive Vice President
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Stephen Tsai
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Dept. of Business Administration, National Chengchi University
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Assistant Executive Vice President , International Bills Finance Corp.
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Executive Vice President
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Michael Chen
|
Ph.D. Candidate, Kellogg Graduate School of Management, Northwestern University
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Board Executive Director, Bowa Commercial Bank
|
Chief Auditor
|
Jeng-Shun Chen
|
Dept. of Banking,
National Chengchi University
|
President, Panhsin Bank
President, Hwatai Bank
Supervisor, Taiwan Fire & Marine Insurance Co., Ltd.
|
Chief Secretary |
Winston Chen |
Dept. of Law,
National Taiwan University |
President, Waterland Securities Investment Consulting Co., Ltd. |
V. Major Shareholders
Date : 2008- 4
Name (Note) ＼Holdings |
Number of Shares |
Stake |
Kuo Hua Life Insurance CO., Ltd
|
200,747,776 |
9.28% |
Bank of Taiwan Special Account for Turst Clients |
160,739,000 |
7.43% |
Nice Commercial Mortgage Corp. |
61,337,700 |
2.84% |
Taiwan Life Insurance Co., Ltd |
59,385,340 |
2.75% |
Yong-Shin Development Co.Ltd |
45,424,940 |
2.10% |
GMO Emerging Markets Fund under custody of Taipei Branch, Standard Chartered Bank |
42,242,020 |
1.95% |
Taiwan Fire & Marine Insurance Co., Ltd.
|
41,427,180 |
1.92% |
Nice Investment Development Corp |
38,395,860 |
1.78% |
Refco Co., Ltd
|
34,974,780 |
1.62% |
Mayer Steel Pipe Corporation |
30,000,000 |
1.39% |
VI. Stockholding Structure
(In shares and %; as of April , 2008)
VII. Capital & Shares
Date : 2008- 10
Authorized Capital |
NT$ 50,000,000,000 |
Paid-in Capital |
NT$ 21,947,143,210 |
Common Stock |
2,194,714,321 shares |
Outstanding Stock |
2,194,714,321 shares |
Source of Capital |
Conversion of Common Shares:
International Bills Finance Corp.: 1,809,000,000 shares
Concourse Securities Co., Ltd.: 171,236,367 shares
Grand Orient Securities Corp. : 139,646,102 shares
Earnings conversion:
74,831,852 shares |
VIII. Business Outlets
Date : 2007- 06
International Bills Finance Corp. |
9 |
Waterland Securities Co., Ltd. |
33 |
Waterland Venture Capital Co., Ltd. |
1 |
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