Experience

CTBC Financial Holding Co., Ltd

• Taiwan
• Financial Services
• 700 & Above Employee

• Senior Analyst, semiconductor & display

  • Sep 2022 - Present

  Performed fundamental analysis to listed stocks of companies in American and Taiwanese semiconductor and display industries, including industrial analysis, channel check, supply chain investigation, financial analysis and equity valuation, etc. Provide investment advices to institutional investors by regularly publish research reports including rating and price targets, and communicate with institutional investors through presentation or 1-on-1 conferences subsequently. Themes of research: Emergence of suppliers of TSMC advanced processing and packaging Major Coverage: E Ink (8069.TW), AU Optronics (2409.TW), Applied Materials (AMAT), Marketech (6196.TW), Gudeng Precision (3680.TW), and others. Show less



TeraSilIC CO., LTD.

• Taiwan
• Semiconductor Manufacturing
• 1 - 100 Employee

• Assistant Investment Executive

  • Aug 2020 - Sep 2022

  Global Semiconductor & Networking Equipment industrial trend analysis - Semiconductor: Infineon, Richwave (4968.TW), Rafael Micro (6568.TW), UMC (2303.TW) - Networking Equipment: Sercomm (5388.TW), Wistron Neweb (6285.TW), UMT (3419.TW) Sourced US$7.0 million investment for the Company’s Round B+ Fundraising - Proposed strategic initiative with potential corporate investors, including Pixart (3227.TW), Raydium (3592.TW), Gigabyte (2376.TW), etc. - Prepared financial forecast, and acted as contact window for investors’ due diligence. - Assisted to communicate with current VC and corporate investors who objects the strategic alliance. Show less



E Ink Corporation

• United States
• Appliances, Electrical, and Electronics Manufacturing
• 400 - 500 Employee

• Manager - Corporate Development, Strategic Investment & Investor Relations

  • Oct 2017 - Dec 2019

  • Investor Relations - Prepare investor materials for quarterly earnings conferences, roadshows and investor meetings. - Management of investor relations section of company website - Attending 1-on-1 meetings and investor conferences to brief and communicate company outlook with international investors (mutual funds, asset management companies, hedge funds, etc.) - Recommended a potential investment opportunity existed at Taiwan stock market, with 300% capital gain in the next 12 months • Evaluation of Strategic Investment Initiatives - Identification of investment opportunities within global e-paper eco-system among listed companies and pre-IPO companies, and presentation of the opportunities to E Ink Executive Committee - Fundamental research to potential investment target, including industrial analysis, market analysis, financial analysis and projection, shareholder structure studies and ROI forecast. - Preparation of meeting memo for earning calls of business partners, competitors and suppliers - Evaluated 10 Taiwanese listed/pre-IPO companies, 2 European listed companies, 1 American pre-IPO company, 1 Chinese listed company and 1 Korean pre-IPO company • Ad-hoc Financial Projects - Evaluation and proposal of 2017 and 2018 dividend payout policy - Evaluation and proposal of treasury stock plan in May 2018 and Oct. 2018 - Feasibility study of venture capital led by E Ink and partnered with other display manufacturers Show less



Foxconn

• Taiwan
• IT Services and IT Consulting
• 1 - 100 Employee

• Manager - Strategic Investment and M&A

  • Aug 2014 - Oct 2016

  Assist in Foxconn's transformation from hardware assembler to comprehensive technology service provider; Foxconn's deployment to e-commerce, big data and mobile service, and Foxconn's expansion to approach end users (investment in telecom and media). - Lead investment of indirectly acquired the 3rd largest Taiwanese cable TV service provider. Saved 10% of investment cost in negotiation. - Lead investment in Didi Chuxing ("Uber in China"; valuation US$34 bn). Acquired additional information right and less non-compete restrictions. - Lead investment in Hike ( "Wechat in India", valuation US$1.1 bn). Acquired ROFR with 33% discount by technology service as consideration. - Assisted investment in Snapdeal.com (No. 3 online retailer in India, valuation US$6.5 bn). Obtained 30% discount, and acquired one board seat. - Evaluated 15 additional investment (5%-25% ownership) proposals in cloud, e-commerce, media industries. Equity Research & Analysis - 90% long & 10% short, industry neutral, 85% greater-China and 15% USA; investing in listed companies with technological or scale edge, robust business outlook due to industrial trend or policy, and reasonable valuation. Positions are held for usually 1-3 years - Industry covered: Server/Cloud/Industrial PC, global handset supply chain, China environmental distributors, China retail chain stores, and Casino/Gaming - Building and maintenance of financial models and projections of future earnings for both current and potential holdings. - Picks with significant capital gain:  TCI Corporation (8436.TW), 131.3% annualized return (held for 19 months)  United Integrated Services (2404.TW), 51.4% annualized return (held for 27 months)  Simplo Technology (6121.TW), 49.6% annualized return (held for 15 months)  Tencent Holdings (0700.HK), 36.5% annualized return (held for 33 months)  D-Puke Technology (8109.TW), 26.5% annualized return (held for 26 months) Show less



KGI Asia

• Hong Kong
• Financial Services
• 200 - 300 Employee

• Assistant Vice President - M&A Advisory

  • May 2011 - Jul 2014

  Being part of KGI investment banking strategic plan to "Provide M&A Solution between China and USA/Japan, using Taiwan Capital Market as Hub", main responsibilities include deal sourcing in China, Taiwan and Malaysia, relationship building with Japanese and American investment banks and financial institutions, and promoting IPO in Taiwan or acquisition of Taiwanese listed companies. Transactions involved: 1. Assisted SGOCO (a NASDAQ-listed Chinese monitor manufacturer) to acquire Siltrontech Inc. (An OTC-listed Taiwanese electronic components distributor) by tender offer, deal size US$200 million) 2. Advised MiTAC (a publicly-listed industrial computer manufacturer in Taiwan with market cap of US$1.3 billion) to restructure by establishing an investment holding company for the group and spin off its cloud BU and mobile device BU to be independent companies 3. Assisted a Taiwanese drug manufacturer to acquire an American pharmaceutical company. 4. Assisted a listed Taiwanese connector company to merge a Taiwanese component material company (Deal size: ~US$150 million) Show less



PwC

• Professional Services
• 700 & Above Employee

• Senior Associate - International Tax Consulting

  • Jul 2007 - Jul 2009

  Assisted Taiwanese companies to implement global investment structure and revenue allocation structure to accommodate their multinational business presence and eliminate tax burden. - Related party transaction planning and global transfer pricing planning - Assisting multinational companies to establish holding company, manufacturing center and regional distribution center according to global supply chain approach - Handling local tax issues of clients’ foreign affiliates with cooperation of overseas PwC CPAs Major clients: Kyocera, British Petroleum, Ministry of Finance (Taiwan), etc. Show less



Ernst & Young

• China
• Accounting
• 700 & Above Employee

• Senior Auditor

  • Sep 2005 - Sep 2006

  Recruited in USA and worked as "Taiwan Desk"; Providing US-GAAP and SOX 404 related services to companies in Taiwan. Major clients: UMC, Texas Instrument Taiwan, Baleno Recruited in USA and worked as "Taiwan Desk"; Providing US-GAAP and SOX 404 related services to companies in Taiwan. Major clients: UMC, Texas Instrument Taiwan, Baleno



Chen and Fan Corporation

• United States
• Accounting
• 1 - 100 Employee

• Auditor

  • Sep 2003 - Sep 2005

  Assist Ernst & Young Taiwan to audit American subsidiaries of Taiwanese publicly-traded companies Assist Ernst & Young Taiwan to audit American subsidiaries of Taiwanese publicly-traded companies



Bank of America

• United States
• Banking
• 700 & Above Employee

• Personal Banker

  • May 2002 - Sep 2003

  Develop local business opportunity and customer relationship management Develop local business opportunity and customer relationship management