CUB Elecparts Lists on TWSE

Taipei, November 22, 2010 (CENS)--On Nov. 19, CUB Elecparts Inc., one of Taiwan's leading manufacturers of automobile parts, began public listing on the Taiwan Stock Exchange (TWSE). The company was converted from the GreTai Securities Market, Taiwan's Over-the-counter Securities Market, becoming the 740th public-trading firm on the main board of the TWSE.

A specialist in electrical and electronic parts, CUB has successfully upgraded manufacturing techniques to tap the worldwide automobile OEM (original equipment manufacturer) market from originally focused after-market. Since its inception in 1989, the company has made more than 1,000 sophisticated molds and dies in-house to facilitate the production of a variety of electrical and electronic parts.

At present, the company's major product lines are combination light, dimmer and head light, power window switch, ignition switch, oil pressure sensor/sender, crankshaft position sensor, camshaft position sensor, etc.

As automobile has become more sophisticated with more electronic parts, the company has employed many talented technicians from the electronics sector to facilitate the production of state-of-the-arts automobile electrical and electronic parts. The company has branched out to Shanghai municipality, China to provide prompt services to that lucrative market.

At present, CUB's major export outlets include the U.S., Latin America, the Middle East, Southeast Asia and China. Despite the doldrums of the global automobile market, CUB still made handsome profits last year.

Over the past three years, the company scored NT$3.94 in average annual earnings per share. In the first three quarters of this year, the company recorded NT$4.16 in EPS. A domestic institutional investor predicted CUB's EPS to reach over NT$6 this year.