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New objective in 2003¡G One billion US Dollars within five years.

¢º.
Promoting 8015 project to meet the demand of market expeditiously
ACTION's existing clients are principally world-renowned large-scaled distributors and one-channel distributors, bringing more than 80% of turnover, followed by other medium-sized ODM clients. Therefore, we set the initial objective to be 80% of orders to be delivered in 15 days. In the future, we need to make efforts for 1003 goals, in the hope of achieving the final goal of delivery in three days for 100% of orders.
   
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Implementing four guidelines to activate ACTION
To implement four reformative projects, namely internationalization, professionalism, activation and information orientation. In addition to the ACTION talent training class to bring up the new generations of reserve supervisors to maintain the permanent operation of the enterprise, we will also carry out the enterprise's educational training programs comprehensively to develop human resources with efforts.
   
¢¼.
Project for issuance of convertible bonds
Foreseeing our rapid growth and competence to gain profit in the oncoming years, we have filed an application for convertible bonds since 2002, which was approved in 2003 for NT$800,000,000. The successful fundraising served to be a well-founded platform for our future development.
   
¢½.
Listing of ACTION (MALAYSIA) in Singapore
Internationalization is a perpetual objective to be sought after by ACTION GROUP. After carrying out the multi-national production successfully, to be a listed company in the various countries shall be fulfilled this year. The important news this year was that ACTION (MALAYSIA) has been approved by Singapore and Malaysian Governments, and will become a listed company in Singapore at the end of this year at soonest. This proved that our affiliates have been matured enough to be solely responsible for all aspects, either in production, marketing and research.
   
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Inauguration of ACTION (SHENZHEN) CO., LTD
Our affiliate in Shenzhen has been inaugurated in the middle of July, which is providing a stable and excellent environment for ACTION production capacity and product quality.
   
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Extensive enrollment of ACTION EDUCATION GROUP
The ACTION EDUCATION GROUP invested by us in Jianxi in 2002 will carry out the extensive enrollment of more than 2,500 persons, in order to provide a resourceful database to help the development of the enterprise.
New objective in 2003: One billion US Dollars within five years.
In 2003, ACTION GROUP set the goal in gaining yearly revenue amounting to 300 million US Dollars (approximately ten billion NT Dollars), with a growth rate of 50% in terms of the performance of 200 million US Dollars in 2002. Our goal of before-tax surplus was set at 800 million NT Dollars, with a growth rate of 21% in terms of the performance of 660 million NT Dollars (identified after the gross before-tax surplus less the equity surplus and the withholding of the affiliated enterprise's income tax).
Major objectives of ACTION GROUP in 2003:

¢¹.
Strengthening R&D work teams / Developing new R&D directions Orientation to digital electronic mobile satellite antennas and radio transmission technologies with integration of existing products to create better synergy in the future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   
  ¡@¡@¡@¡@¡@¡@¡@Copyright 2003 Action Electronics Co., LTD. All rights reserved.
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