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SINBON Electronics Interim / Quarterly Report 2015

Jun 23, 2015

52256_rns_2015-06-23_6b0d5d11-0a71-465c-9c35-86b85382b0a5.pdf

Interim / Quarterly Report

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SINBON 2015Q1 Results & Prospects

Prepared By Finance Department 2015/6/05

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Safe Harbor Notice
This presentation contains forward looking statements
and is subject to significant risks and uncertainties.
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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SINBON Briefing Year to Date Performance Financial Records Business Outlook

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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SINBON Briefing

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Who We Are

Founded in 1989, we are a solution provider of electronic integration, covering component design, manufacturing, distribution services aswell as wireless component.

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Founding year: 1989
Legal status: Listed on Taiwan Stock
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Business Trend

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Data Capture
LCD Panel
Mobile Phone
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Medial Health Industrial Field Green Energy

Automotive

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Notebook PC
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Consumer Electronics Industries > > > (Standard & limited profit )

Niche Market & Industrial field (customized with value-added)

Key technology & capacity for

Core competitiveness

vertical integration

  • PCB

  • C a bl e ssem A bl y

  • EE, ME, Soft Ware, and Firm Ware Engineering

  • Raw Cable

  • Value sourcing platform

  • Tooling Design

  • .

  • Swift & Integrated Service, etc

  • Module Design, etc.

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Business Coverage

Field

Industrial A utomot ve i C ommun cat on i i G reen nergy E M e di ca l H ea t l h App ication l

Cable Assembly

PCB Assembly

Sub-unit / Box Build Connectors/ Components

Notes: Components refer to HRS connector, Crystal & Oscillator, GPS A.T., Hinge. Passive C.P., SIM Switch IC., GPS C.P., Zener Diode, Cable chute, Compatible connector, etc.

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Major Customers

Medical Health

Industrial Application

Automotive -

Green Energy

Communication

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

SINBON’s Successful Cooperation with ASML

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PCB Assembly
Sheet Metals Power Supply
Bundles in Chain Service Unit Control Box
B un dl e ssem A bl y NPI Cables & Bundles Wet Vacuum Control Rack
Cable Assembly
(Internal Use) Track User Interface Box Cabinet
(External Use)
Number of 104 118
81
34
Buy Items
2007 2010 2013 2014 2014 Q2
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*NPI = New Product Introduction
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

SINBON’s Successful Cooperation with Symbol (Motorola)

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Box-Build
Cable + PCB Assembly
Cable Assembly � Barcode Scanner Data Cable � Terminal Charging Cradle
� Terminal Data Cable � Terminal Battery Charger
� Barcode Scanner Data Cable
� Terminal Car Charger
1999 2004 2011 2014
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

SINBON’s Successful Cooperation with Datalogic

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Cable
Assembly
70%
PCB Assembly + Box-Build
Cable + PCB Assembly � PCBA for Laser Marking Device
Cable Assembly � CCD Barcode Scanner
� Laser Barcode Scanner
� Barcode Scanner Cable � Laser Scanner Accessory
� Hand-held Scanner Cable � Hand-held Scanner Accessory � Mobile Computer Battery Charger
� Mobile Computer Cable � Connectivity Box
2003 2007 2008 2014
Complexity
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

SINBON’s Successful Cooperation with Trimble

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Great Honor A Trustworthy Partner A Value-Added Service Partner
Became For the first time, Trimble decided to SINBON can solve customer’s problem
preferred supplier manufacturer their product out side of USA which pursued them for a long time
2006 2008 2010 2011 2013
Custom Connector
Cable for Survey Cable for Cable + PCBA for
& Solution
Instrument Agriculture Mobile Resource
Application Management
Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
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SINBON’s Successful Cooperation with GE

2003-2013: Received Best supplier/ Best quality and management/ Excellent in compliance awards

Supplied control Supplied ca bl e & power Cable cable harness (2010) 2009 2010

Won GE B e iji ng B es t Supplier” award

Entered supply chain of GE Power & Water, Energy Management, Oil & Gas, Transportation in 2003

Processed GE Beijing supplied 1995 1998 2001 2002 2003 2007 material

2013

GE service coverage : China (Beijing, Achieved sales Wuxi, Chengdu); USA( Waukesha); India; of $18M Brazil; Finland; Singapore; Vietnam; Germany; Poland; Canada; Japan

Signed OEM Upgraded to a Strategic agreement with Cable Assembly GE Beijing Supplier by GE global

Entered supply chain of GE HC in 2002

Supplied customized cable
assembly for the diagnostic
equipment, such as X-ray,
,
surgery , LSS, lunarultrasound,
patient monitor, MR, and  CT

OEM ODM PCBA for Cable + PCBA GE HC

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Success Story with GOLDWIND

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D-SUB Cable
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M12
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Excellent
Service Awards

Nacelle

2015
2014
2009
2010
2011

Converter & Control System

Converter Total Solution (OEM)

Control System • Box Build

Converter

Pitch

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• Raw Cable • Cable Assembly • Own Brand Raw • M12 Sensor Cable
• Received UL and CE
D-SUB Cable
Converter Cable
certificate
Assembly •
PCB Assembly
Started to ship
GOLDWIND’s overseas
factories.
$ 11.6M
$ 5.7M
$ 80K (USD)
$ 1.2M
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Hub (Pitch) Converter

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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Global Service Network
UK
USA
Korea
China Japan
Taiwan
Headquarter
Headquarter Sales / Marketing Offices Manufacturing Sites R&D Offices Hubs
-Taipei, Taiwan -Seattle, USA -Taipei, Taiwan -Miaoli, Taiwan -Taipei, Taiwan -Seattle, USA
-New York, USA -Beijing, China -Beijing, China -Beijing, China -Nashville, USA
-Chicago, USA -Qingdao, China -Jiangyin, China -Jiangyin, China -Orlando, USA
- - - -
Nashville , USA Jiangyin, China Tongcheng , China Tongcheng , China
-Manchester, UK -Shanghai, China -Nashville, USA
-Nagoya, Japan -Tongcheng, China
-Inchon, Korea -Shenzhen, China
-Xiamen, China
-Chongqing, China (Planning)
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Manufacturing Site

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Beijing
Cable PCBA
Jiangyin
Cable PCBA
Miaoli Beijing Tongcheng
Cable
Jiangyin plant I Jiangyin plant II Jiangyin raw cable Miaoli Cable PCBA
plant
Tongcheng
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Beijing Manufacturing Plant

  • Features: Cable Assembly High Mix Low Volume (ex. medical, industrial…)

  • Space: 84,122 ft [2]

  • Manpower: 508

  • Workmanship Standard Compliance: IPC-610, Class2 ISO 9001 IPC-620, Class 2 ISO 14001 UL ISO 13485 OHSAS 18001:2007 Green Partner (Sony)

Back

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Jiangyin Manufacturing Plant

� Features: Cable / PCBA / Box build High Mix Low Volume / High Volume Low Mix (cover diverse industries)

� Space: Plant I- 139,933 ft 2 , II- 230,890 ft 2 , III- 21,528 ft 2

� Manpower: 2,612

� Workmanship Standard Compliance: IPC-620, Class 2 ISO 9001 Eco-Partner IPC-610, Class 2 ISO 14001 UL TS 16949 ISO 13485 Green Partner

Back

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Tongchen Manufacturing Plant

  • Features: Cable Assembly High Volume Low Mix (ex. IT, consumer electronics, industrial control machine and vehicle fields…)

  • Space: 64,585 ft [2]

  • Manpower: 550

  • Workmanship Standard Compliance:

  • ISO 9001 IPC-620 EICC ISO14001 UL Green Partner (Canon)

Back

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Miaoli Manufacturing Plant

  • Features: Cable Assembly PCB Assembly High Mix Low Volume (ex. industrial, semiconductor, auto charger…)

  • Available Space: 78,168 ft [2]

  • Manpower: 223

  • Workmanship Standard Compliance: IPC-610, Class 2 IECQ ISO 13485 IPC-620, Class 2 UL ISO 9001 ISO 14001 GMP ISO 14064-1

Back

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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Year To Date Performance

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Monthly Consolidated Revenue

NTD K NTD K NTD K NTD K NTD K
2015 2014 2013 2012
Jan 1,042,379 900,690 817,202 710,024
Feb 911,258 890,092 618,017 710,494
M
ar
1 053 172
,
,
953 343
,
884 096
,
857 285
,
Apr 1,073,415 991,292 889,810 865,605
May 1,032,846 1,010,481 909,831 810,160
Jun 1,016,112 900,822 785,943
Jul 1,018,059 972,033 873,665
Aug 982,600 981,045 880,119
Sep 996,911 942,015 907,480
Oct 972,004 900,100 910,252
Nov 972,399 908,235 877,776
Dec 943,307 853,057 824,000
5,113,070 11,647,291 10,576,263 10,012,803

PS: All are non-audited monthly numbers

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1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 2014 2013
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Last 5 Quarters Result Highlight

(NTD in thousand)
Net Sales
Gross Profit
Gross Profit %
Operation Income
Non-operating Income
Non-operating Expenses
Income before Taxes
Income Taxes
Minority Interests
Net Income
Net Profit %
EPS(NTD in dollars)
Stockholders' Equity
ROE(quaterly)
Q1'15
3,006,333
675,009
22.45%
265,218
64,030
(9,473)
319,775
(82,794)
(1,680)
238,661
7.94%
1.15
5,210,995
4.58%
Q4'14
2,892,166
628,018
21.71%
188,842
(1,101)
(24,072)
163,669
(24,763)
(8,822)
147,728
5.11%
0.70
5,019,057
2.94%
Q3'14 Q2'14
Q1'14
3,019,801
2,741,173
656,010
596,831
21.72%
21.77%
283,381
220,717
39,728
62,888
(8,364)
(8,562)
314,745
275,043
(99,943)
(78,715)
(5,101)
(4,460)
219,903
200,788
7.28%
7.32%
1.06
0.97
4,482,739
4,811,817
4.91%
4.17%
2,989,579
649,541
21.73%
257,650
41,242
(8,827)
290,065
(65,154)
(422)
225,333
7.54%
1.09
4,756,643
4.74%
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Revenues by Market Segment I

Unit:NTD in thousand 2014 2013 Increase
(Decrease)
%
Industry Sub-Total Sub-Total
GREEN ENERGY 2,047,192 1,774,024 273,168 15%
INDUSTRIAL APPLICATION 2787939 2 123 872
,
,
664 067
,
31%

,
,
MEDICAL HEALTH 1,251,082 1,263,267 (12,186) -1%
AUTOMOTIVE 1,233,171 887,291 345,881 39%
COMMUNICATION 4,323,335 4,506,807 (183,471) -4%
Total 11,642,719 10,555,261 1,087,458 10%
Unit:NTD in thousand 2015 Jan ~ Mar 2014 Jan ~ Mar Increase
(Decrease)
%
Industry Sub-Total Sub-Total
GREEN ENERGY 444 099
,
248 900
,
56%
692 999
,
INDUSTRIAL APPLICATION 923,555 693,494 230,061 33%
MEDICAL HEALTH 302,881 324,929 (22,048) -7%
AUTOMOTIVE 285,654 308,962 (23,308) -8%
COMMUNICATION 801,243 969,689 (168,446) -17%
Total 3,006,333 2,741,173 265,160 10%
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Revenues by Market Segment II

2014 Revenue by Market Segment

2013 Revenue by Market Segment

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GREEN ENERGY
COMMUNICATION 17% COMMUNICATION GREEN ENERGY
37% 43% 17%
MEDICAL HEALTH
AUTOMOTIVE MEDICAL HEALTH AUTOMOTIVE 12% INDUSTRIAL APPLICATION
11% 11% INDUSTRIAL APPLICATION 8% 20%
24%
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2015 Jan ~ Mar Revenue by Market Segment

2014 Jan ~ Mar Revenue by Market Segment

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COMMUNICATION
GREEN ENERGY
27%
23%
AUTOMOTIVE
9%
MEDICAL HEALTH
10%
INDUSTRIAL APPLICATION
31%
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COMMUNICATION
36 % GREEN ENERGY
16%
AUTOMOTIVE
11% MEDICAL HEALTH
INDUSTRIAL APPLICATION
12%
25%
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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Financial Ratio

Ratio
2010
2011
2012
2013
2014
2015Q1
--
PS: You may download completed financial statements at http://www.sinbon.com/investorrelations/financialstatement/
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Trend of ROA & ROE

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20.00
18.00
16.00
14.00
12.00
ROE
10.00
ROA
8.00
6.00
4.00
2.00
0.00
2010 2011 2012 2013 2014 2015Q1
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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Financial Records

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Revenue Achievements

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Revenue
11,642,719
10,011,618 [10,555,261] NTD in thousand
8,922,135
8,347,023
2010 2011 2012 2013 2014
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Profitability

Gross Profit

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21.73%
21.36% 21.30% 21.50% 21.49%
2,152,815 2,268,093 2 , 530 , 400
1,782,557 1,900,476
2010 2011 2012 2013 2014
Net Profit
6.82%
6.28%
5.01% 5.48%
4.83%
793,752
663,263
548,495
447,031
402,864
2010 2011 2012 2013 2014
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NTD i n t h ousan d

NTD in thousand

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Last 5-Year Dividend Policy

2010
2011
2012
2013
2014
EPS(NT$)
2.25
2.49
2.92
3.2
3.82
Cash Dividend(NT$)
1.70
1.70
2.00
2.50
2.80
Stock Dividend(NT$)
0.00
0.00
0.00
0.00
0.20
SUM
1 70
1 70
2 00
2 50
3 00
.
.
.
.
.
Payout Ratio
76%
68%
68%
78%
79%
2.25
2.49
2.92
3.2
3.82
1.70
1.70
2.00
2.50
2.80
0.20
2010
2011
2012
2013
2014
EPS (NT$)
Cash Dividend (NT$)
Stock Dividend (NT$)
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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Business Outlook

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Business Coverage

MAGIC

Medical Green Industrial Automotive Communication Health Energy Application

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Medical Health

Application

Positron Emission Tomography

Ultrasound Equipment

Major Customers

Magnetic esonance mag ngR I i Patient Monitor

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Radiography (X-Ray)

Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Application

Automotive

Major Customers

Automotive uA dio & Video systems

Parking Related Device

Oxygen Sensor

Car Charger - Industr ai l

EV Charger

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Green Energy

Application

Major Customers

Solar (Micro-inverter, Central inverter, DC-Converter)

Wind Turbine (Hub, Nacelle, Tower, Tower base)

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Industrial Application

Application

Major Customers

Energy Distribution

Electrical Control Industrial Cooling Cabinet System Automation and Control Nuclear Power Cabinet Sensor Control Diagnostic Equipment

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Industrial Application

Application Construction & Transportation Agriculture Equipment Marking and Image Industrial Printing Coding Equipment

Major Customers

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Industrial Application

Application

Major Customers

Semiconductor Equipment

Cradle and PDA

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Communication

Application

Major Customers

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RF Cable And Antenna For Industrial PDA/ Smart Phone/ Tablet PC/ WLAN/EReader/Gaming Machine

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.