CDFH is the only financial holding company in Taiwan with investment banking as its core operation and is one of the largest merchant banks in Asia. For the December 2008, we had more than 350 portfolio companies. While actively expanding our international service network, we have also established strategic alliances with leading professional investors and financial service providers around the world. Our investment team has established branch presence in Hong Kong, Seoul and California, in a move to effectively expand our geographical coverage, enrich our services and improve our service quality.

The Hong Kong investment team focuses on principal investment, co-investment, fund investment and structured products tailored to customers' requirements. Investments have been made in 22 top tier private equity funds. Our partners are located across Asia, the U.S. and Western Europe and our general partners include leading names in the financial sector like Goldman Sachs, Carlyle, Thomas H Lee and KKR. In addition, the Hong Kong Team has completed 5 co-investment projects with cooperation with our teams in Korea and Taiwan.

The U.S. investment team was set up in 2007 to focus on co-investment and investments in private equity funds, M&A funds, venture capital funds and venture capital businesses. The Korean investment team was set up in late 2006 to focus on direct investment. Deals completed to-date include the investment in ARD of Korea.