Taiwan Companies’ ADR/GDR Premiums, Discounts for Nov. 14

The following table of American and global depositary receipts for Taiwanese companies compares their closing prices with the most recent closes in local trading. Price adjustments are based on the following Taiwan versus U.S. dollar exchange rate, along with the number of shares per ADR or GDR.

TWD per USD:29.129

                    ADR/GDR                   Local    Local   ADR/GDR  Shares/
Company              Ticker   Close   %Chg    Equiv.   Close    %Prem.  ADR/GDR
ADV SEMI ENG-ADR      ASX US   3.76   -4.81   21.91   22.10    -0.9      5
AU OPTR-SPON ADR      AUO US   3.96   -3.88   11.54   11.50     0.3     10
CATHAY FINL-GDR      CFHS LI  10.25    0.00   29.86   29.05     2.8     10
CHIMEI INNO-GDR      CMIS LI   2.87    0.00   41.80   11.00   280.0      2
CHINA STEEL-GDR      CNSD LI  17.45    0.00   25.42   24.95     1.9     20
CHUNGHWA TEL-ADR      CHT US  31.53   -0.32   91.84   92.10    -0.3     10
COMPAL ELEC-GDR      CPED LX   3.13   -2.16   18.22   18.15     0.4      5
HON HAI-GDR REGS     HHPD LI   6.02   -1.95   87.68   87.70     0.0      2
SILICONWARE-ADR      SPIL US   4.77   -3.64   27.79   27.50     1.1      5
TAIWAN SEMIC-ADR      TSM US  16.18   -1.61   94.26   90.30     4.4      5
UNITED MICRO-ADR      UMC US   1.83    0.00   10.66   10.50     1.5      5

Companies are listed based on a market capitalization of more than $1 billion, average daily trading of at least 1,000 ADRs or GDRs during the last three months, and a history of trading at least four days a week.

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