The Introduction of the National Development Fund 行政院國家發展基金管理會簡介 National Development Fund, Executive Yuan, R.O.C. November 27, 2012 行政院國家發展基金管理會 中華民國101年11月27日

Contents 目 錄 I 、Introduction 前言 II 、Direct Investment 投資業務 III 、Venture Capital Investment 創投業務 IV、Project Investment 專案投資 V 、Loan Financing 融資業務 VI、 Possible cooperation structure 可能合作模式 2

I、Introduction 前 言 3

(I) Mission of the NDF 國發基金任務 NDF was set up in accordance with “Industrial Innovation Act” § 29 國發基金設立依據：產業創新條例第29條 一、 To comply with government industrial development policies, NDF mainly invests in industrial innovation, high-tech, energy regeneration, and green energy industries as well as certain businesses that will increase industrial benefit or improve industry structure. 配合國家產業發展策略，投資於產業創新、高科技發展、能資源再生、綠能產業、技術引進及其他增加產業效益或改善產業結構有關之重要事業或計畫。 二、NDF also provides loan financing to industries that focus on energy saving, pollution prevention, and the reduction of greenhouse effect, as well as other counseling plans which will increase industrial benefit or improve industry structure. 配合國家產業發展策略，融貸資金於產業永續發展、防治污染、節約能源、降低溫室效應及其他增加產業效益或改善產業結構有關之輔導計畫。

NDF was set up in accordance with “Industrial Innovation Act” § 29 (I) Mission of the NDF (continued) 國發基金任務(續） NDF was set up in accordance with “Industrial Innovation Act” § 29 國發基金設立依據：產業創新條例第29條 三、To assist central industry competent authority to process investment, loan financing, or technical cooperation related expenditure. 協助各中央目的事業主管機關辦理有關計畫之投融資或技術合作支出。 四、To assist central industry competent authority to process economic development, cultural and creative industry development, training and industry structure improvement related expenditure. 協助各中央目的事業主管機關為經濟發展、農業科技發展、社會發展、文創意發展、引進技術、加強研究發展、發展自有品牌、培訓人才、改善產業結構及相關事項所推動計畫之支出。 五、Other special projects which are approved by Executive Yuan. 其他經行政院專案核准者。

(II) Organization Chart 組織架構 Management Committee 管理會 Chairman 召集人 創業投資審議委員會 投資評估審議委員會 Executive Secretary Venture Capital Investment Review Committee Investment Review Committee 執行秘書 副執行秘書 Deputy Executive Secretary 副執行秘書 Deputy Executive Secretary Accounting Auditing General Affairs Business 業務組 總務組 會計組 稽核組

(III) Investment Performance of the NDF 國發基金績效 資料日期：101.06.30 Data Date: 2012.06.30 補助金額 NT$211.83億元 4.18% Subsidies USD$ 0.7 billion (4.18%) Accumulated paid back to National Treasury: USD$ 7.45billion (44.6%) 基金規模變化及對國庫貢獻 16.70倍 16.70X Original Government Funding: USD 1billion 累積繳庫數額 NT$2,258.69億元 44.60% 基金淨值 NT$2,593.48億元 51.21% 原始撥款NTD$303.31億元 開發基金:NTD$213.31億元 中美基金:NTD$90億元(54年10月) Net Asset of the NDF: USD$ 8.55 billion (51.21%) 合計NT$5,064億元 Total: USD$ 16.70 billion 39年 1973年（民國62年） Jun 30,2012（民國101年6月） 7 7

(IV) Asset Allocation 資產分配情形 Total Assets: USD$8.56 Billion 總資產：$2,597.55億元 資料日期：101年6月30日 Data date: Jun. 30, 2012 Direct Investments 直接投資(39家) USD $5.77 billion ($1,751.41億元) (67.43%) Venture Capital Investments 創投投資( 51家) USD $293.53 million ($89.03億元) (3.43%) Government Policy Loan 協助主管機關 辦理投資 (加強投資中小企業、文化創意產業) USD $96.57 million ($29.29億元) (1.13%) Current Assets 流動資產 USD$ 1,252.12 million ($379.78億元) (14.62 %) Loan Financing 融資計畫(13項) USD $857.31 million ($260.03億元) (10.01%) Other 其他 USD $290.17 million ($88.01億元) (3.39%) 8 8

(V) Major Activities 主要業務 創投業務 融資業務 Operations 業務內容 投資業務 專案投資

II、Direct Investment 投資業務

(I) Investment Strategy 投資策略原則 1. Do not act as lead investor 原則上不擔任主導性投資人 2. Invest in fund raising projects with raising amount above NTD$ 500 million 當次募資總金額超過新台幣5億元 3. Participate in projects that government shares in aggregate is not over 50% 公股比例合計不超過50％

(II) Portfolio Companies 投資組合 As of Jun.30, 2012, industry breakdown for equity investment is as follow: 截至101.06.30，投資標的計39家，產業分類如下： 資料日期：101.06.30 Data Date：Jun.30, 2012 鋼鐵 金融 觀光 生技 航太 機械 運輸 半導體 光電 通訊 創投 數位與文化創意 12 12

(III) Successful Examples 扶植產業成功案例 13

III、Venture Capital Investment 創投業務

(I) Investment Strategy 投資策略原則 Investment in a single VC shall not exceed 30% of the VC’s Paid-in capital and may not exceed NT$1 billion dollars. 本基金對個別創投事業之投資，以不超過10億元或募資基金 總額30%，孰低為限 2. The amount of domestic investment from the VC invested by the fund shall reach at least the total amount invested by the fund. 創投事業投資國內金額至少應達本基金投資之總金額 3. NDF delegates Megabank to invest in VC by a deed of trust. 以信託方式委以金融機構名義間接投資創投事業

(II) Accumulated Investment in VCs 國發基金累計歷年投資創投業之資金及家數變化 - Number of VC & Total Amount Invested 資料日期：101.06.30 Data Date: Jun. 30, 2012 12.44 (59) 11.92 (57) 單位：新台幣十億元 Unit: NTD$ Billion 9.11 (57) 7.63 (44) 5.74 (38) 3.82 (31) 1.24 (12) 0.38 (4) 年 Note 1: VC investment Series 1 started from Sep. 17, 1985; Series 2 started from Feb. 26, 1991; Series 3 started from Jan. 8, 1998. Note 2: Number of investment showed in (). 16 16

(III) Co-Fund Structure Between TW & NZ Commitment(US$80 million) Commitment(US$80million) 1:1 Co-Fund Investors from private sectors Policy Review Board Steering Committee 30% 30% 40% NZ or TW Venture Capitals Invest Portfolio Companies with New Zealand / Taiwan related 2 17

IV、Project Investment 專案投資 18

(I) Investment Strategy 投資策略原則 1. Co-investment with management consultant company 與管理顧問公司搭配投資 2. Invest in company raising projects with raising amount less than NTD$ 500 million 當次募資總金額不超過新台幣5億元 3. Participate in projects that government shares in aggregate is not over 50% 公股比例合計不超過50％

(II) Project Investment Statistics 專案投資統計 資料日期：101.06.30 Data Date：Jun. 30, 2012 專案名稱 Project Name 額度 (Units: NT$100million ) 投資家數 Company Numbers of Investment 投資金額 (單位:新台幣億元) Amount of Investment (Units: NT$100million ) 加強投資中小企業實施方案 The Implementation Project for Strengthening Investment in SMEs 100 96 32.6 加強投資文化創意產業實施方案 The Implementation Project for Strengthening Investment in Cultural and Creative Industries 7 1.98 加強投資略性服務業方案 The Implementation Project for Strengthening Strategic Service Businesses 辦理中 小計 300 103 34.58 20 20

V、Loan Financing 融資業務

(I) Achievements 融資成效 As of Jun. 30, 2012, USD $25.80 billion had been approved for 56,663 applications in 4 categories. (迄民國101年06月30日止，核貸件數56,663件，累計核貸金額達新台幣7,825億元，計分四類。) 資料日期：101.06.30 Currency unit: NTD$100million; 貨幣單位:新台幣億元 Data Date：Jun. 30, 2012 22 22

簡報結束 Thanks for your attention 23