----

| [X] | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|-----|---------------------------------------------------------------------------------------------------|

| [  ] | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|----------------|----------------------------------------------------------------------------------------------------|

| Large      Accelerated Filer  [  ] | Accelerated      Filer  [  ] | Non-Accelerated      Filer  [X]    Smaller Reporting      Company  [  ] |
|--------------------------------------------------------|--------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|

----

VIASYSTE

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | PAGE           |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |           |
| PART      I - FINANCIAL INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |           |
| Item      1.       Financial      Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |           |
| Viasystems      Group, Inc. and Subsidiaries                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |           |
| Condensed Consolidated Balance Sheets as of March 31, 2010 and      December 31, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 2              |
| Condensed      Consolidated Statements of Operations for the three months ended      March      31, 2010 and 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 3              |
| Condensed Consolidated Statement of Stockholders’ Equity      (Deficit) and Comprehensive Income (Loss) for the three months ended March      31, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 4              |
| Condensed Consolidated Statements of Cash Flows for the three      months ended March 31, 2010 and      2009                                                                                                                                                                                            | 5              |
| Notes to Condensed Consolidated Financial      Statements                                                                                                                                                                                                                           | 6              |
| Item      2.       Management's Discussion and      Analysis of Financial Condition and Results of    Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 20             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |           |
| Item      3.       Quantitative and Qualitative      Disclosures About Market      Risk                                                                                                                                      | 30             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |           |
| Item 4.       Controls      and      Procedures                                                                                                                                                                              | 31             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |           |
| PART II - OTHER INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |           |
| Item      1.       Legal      Proceedings                                                                                                                                                                               | 31             |
| Item 4             Submission of Matters to a Vote of Security      Holders                                                                                                                                                                                                                        |        32 |
| Item 5        Other      Information                                                                                                                                                                                                                                                               | 32             |
| Item      6.       Exhibits                                                                                                                                                                                             | 35             |
|  SIGNATURES                                                                                                                                                                                                                                                |  36       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |           |
| EXHIBIT      INDEX                                                                                                                                                                                                                                         | 37             |
| CERTIFICATIONS                                                                                                                                                                                                                                                  | 39             |

Table of Contents

----

 BALANCE 

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | March 31,2010 |       |   | December 31,2009 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|------------|--------|-----------------------|--------|
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (Unaudited)        |       |   |                  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |       |   |                  |   |
| Current      assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |       |   |                  |   |
| Cash      and cash      equivalents                                                                                                                                             |   | $                  | 81,074     |   |                  | $      | 108,993 |   |
| Restricted      cash                                                                                                                                                            |   |               | -          |   |                  |   | 105,734 |   |
| Accounts      receivable,      net                                                                                                                                              |   |               | 154,893    |   |                  |   | 89,512 |   |
| Inventories                                                                                                                                                                     |   |               | 74,093     |   |                  |   | 49,197 |   |
| Prepaid      expenses and      other                                                                                                                                            |   |               | 18,123     |   |                  |   | 11,388 |   |
| Property      held for      sale                                                                                                                                                |   |               | 12,379     |   |                  |   | - |   |
| Total      current      assets                                                                                                                                                  |   |               | 340,562    |   |                  |   | 364,824 |   |
| Property,      plant and equipment,      net                                                                                                                          |   |               | 267,960    |   |                  |   | 199,044 |   |
| Goodwill                                                                                                                                                              |   |               | 97,977     |   |                  |   | 79,485 |   |
| Intangible      assets,      net                                                                                                                                      |   |               | 10,508     |   |                  |   | 4,676 |   |
| Deferred      financing costs,      net                                                                                                                               |   |               | 9,001      |   |                  |   | 7,986 |   |
| Other      assets                                                                                                                                                     |   |               | 3,074      |   |                  |   | 1,223 |   |
| Total      assets                                                                                                                                                               |   | $                  | 729,082    |   |                  | $      | 657,238 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |       |   |                  |   |   |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY (DEFICIT)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |       |   |                  |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |       |   |                  |   |   |   |
| Current      liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               |       |   |                  |   |   |   |
| Current      maturities of long-term      debt                                                                                                                                  |   | $                  | 27,798     |   |                  | $      | 118,207 |   |
| Accounts      payable                                                                                                                                                           |   |               | 143,064    |   |                  |   | 90,661 |   |
| Accrued      and other      liabilities                                                                                                                                         |   |               | 64,240     |   |                  |   | 42,348 |   |
| Total      current      liabilities                                                                                                                                             |   |               | 235,102    |   |                  |   | 251,216 |   |
| Long-term      debt, less current      maturities                                                                                                                     |   |               | 214,642    |   |                  |   | 212,673 |   |
| Mandatory      redeemable Class A Junior preferred      stock                                                                                                         |   |               | -          |   |                  |   | 118,836 |   |
| Other      non-current      liabilities                                                                                                                               |   |               | 52,037     |   |                  |   | 34,226 |   |
| Total      liabilities                                                                                                                                                          |   |               | 501,781    |   |                  |   | 616,951 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |       |   |                  |   |   |   |
| Redeemable      Class B Senior Convertible preferred stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |               | -          |   |                  |   | 98,327 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |               |       |   |                  |   |   |   |
| Stockholders’      equity:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |               |       |   |                  |   |   |   |
| Common      stock, par value $0.01 per share, 100,000,000 shares authorized,      19,979,015 and 2,415,266 shares issued and outstanding.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |               | 200        |   |                  |   | 24 |   |
| Paid-in      capital                                                                                                                                                            |   |               | 2,373,459  |   |                  |   | 1,944,413 |   |
| Accumulated      deficit                                                                                                                                                        |   |               | (2,156,887 | )      |                  |   | (2,010,069 | ) |
| Accumulated      other comprehensive      income                                                                                                                                |   |               | 7,712      |   |                  |   | 7,592 |   |
| Total      Viasystems stockholder’s equity      (deficit)                                                                                                                 |   |               | 224,484    |   |                  |   | (58,040 | ) |
| Noncontrolling      interest                                                                                                                                          |   |               | 2,817      |   |                  |   | - |   |
| Total      stockholders’ equity      (deficit)                                                                                                                            |   |               | 227,301    |   |                  |   | (58,040 | ) |
| Total      liabilities and stockholders’      equity                                                                                                                      |   | $                  | 729,082    |   |                  | $      | 657,238 |   |

Table of Contents

----

OPE

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Three      Months EndedMarch 31, |       |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2010                                  |       |   | 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                  |       |   |   |   |
| Net      sales                                                                                                                                                          |   | $                                     | 186,640    |   |   | $ | 123,437 |   |
| Operating      expenses:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                  |       |   |   |   |   |   |
| Cost      of goods sold, exclusive of items shown      separately                                                                                                                      |   |                                  | 146,139    |   |   |   | 102,876 |   |
| Selling,      general and      administrative                                                                                                                                          |   |                                  | 18,695     |   |   |   | 10,204 |   |
| Depreciation                                                                                                                                                                           |   |                                  | 12,630     |   |   |   | 12,680 |   |
| Amortization                                                                                                                                                                           |   |                                  | 370        |   |   |   | 304 |   |
| Restructuring      and      impairment                                                                                                                                                 |   |                                  | 6,309      |   |   |   | 723 |   |
| Operating      income      (loss)                                                                                                                                       |   |                                  | 2,497      |   |   |   | (3,350 | ) |
| Other      expense (income):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                                  |       |   |   |   |   |   |
| Interest expense,      net                                                                                                                                                             |   |                                  | 8,902      |   |   |   | 8,095 |   |
| Loss on early extinguishment of      debt                                                                                                                                              |   |                                  | 706        |   |   |   | - |   |
| Amortization of deferred      financing      costs                                                                                                                                     |   |                                  | 466        |   |   |   | 516 |   |
| Other,      net                                                                                                                                                                        |   |                                  | 515        |   |   |   | 122 |   |
| Loss      before income      taxes                                                                                                                                      |   |                                  | (8,092     | ) |   |   | (12,083 | ) |
| Income      taxes                                                                                                                                                       |   |                                  | 3,851      |   |   |   | 2,417 |   |
| Net      loss                                                                                                                                                           |   | $                                     | (11,943    | ) |   | $ | (14,500 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                  |       |   |   |   |   |   |
| Less:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                  |       |   |   |   |   |   |
| Net      income attributable to noncontrolling      interest                                                                                                            |   | $                                     | 137        |   |   | $ | - |   |
| Accretion      of Redeemable Class B Senior Convertible preferred stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                                  | 1,053      |   |   |   | 2,084 |   |
| Conversion      of Mandatory Redeemable Class A Junior preferred stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                  | 29,717     |   |   |   |  - |   |
| Conversion      of Redeemable Class B Senior Convertible preferred stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                  | 105,021    |   |   |   | - |   |
| Net      loss attributable to common      stockholders                                                                                                                  |   | $                                     | (147,871   | ) |   | $ | (16,584 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                  |       |   |   |   |   |   |
| Basic      and diluted loss per      share                                                                                                                              |   | $                                     | (12.57     | ) |   | $ | (6.87 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                  |       |   |   |   |   |   |
| Basic      and diluted weighted average shares      outstanding                                                                                                         |   |                                  | 11,762,329 |   |   |   | 2,415,266 |   |

Table of Contents

----

CONDENS

|                                                                                                                                                                                                                                                                                                                                             |   | CommonStock      Shares |       |   | CommonStock |   |   | Paid-inCapital |   |   | AccumulatedDeficit |   |   | AccumulatedOtherComprehensiveIncome      (Loss) |       |   |        Non-controlling      Interest |   | Total  |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|------------|--------|-------------|--------|--------|----------------|--------|--------|--------------------|--------|--------|-------------------------------------------------|------------|--------|-------------------------------------------|--------|--------|--------|
| Balance      at December 31, 2009                                                                                                                                                                                                                                                                                                           |   |                    | 2,415,266  |   |        | $      | 24     |           |   | $      | 1,944,413          |   |   | $                                               | (2,010,069 | )      |                                      | $      | 7,592  |   | $ | - |   | $ | (58,040 | ) |
| Accretion      of Class B Senior Convertible preferred stock                                                                                                                                                                                                                                                                                |   |                    | -          |   |        |   | -      |           |   |   | (1,053             | )      |   |                                            | -          |   |                                      |   | -      |   |   | - |   |   | (1,053 | ) |
| Common      stock issued in exchange for Class B Senior Convertible      preferred stock                                                                                                                                                                                                                                                         |   |                    | 6,028,258  |   |        |   | 60     |           |   |   | 204,340            |   |   |                                            | (105,021   | )      |                                      |   | -      |   |   | - |   |   | 99,379 |   |
| Common      stock issued in exchange for Class A Junior preferred      stock                                                                                                                                                                                                                                                                     |   |                    | 7,658,187  |   |        |   | 77     |           |   |   | 149,791            |   |   |                                            | (29,717    | )      |                                      |   | -      |   |   | - |   |   | 120,151 |   |
| Common      stock issued in connection with the Merix Acquisition                                                                                                                                                                                                                                                                                |   |                    | 3,877,304  |   |        |   | 39     |           |   |   | 75,838             |   |   |                                            | -          |   |                                      |   | -      |   |   | 2,680  |   |   | 78,557 |   |
| Comprehensive      income (loss):                                                                                                                                                                                                                                                                                                                |   |                    |       |   |        |   |   |           |   |   |               |   |   |                                            |       |   |                                      |   |   |   |   |   |   |   |   |   |
| Net      (loss) income                                                                                                                                                                                                                                                                                                                           |   |                    | -          |   |        |   | -      |           |   |   | -                  |   |   |                                            | (12,080    | )      |                                      |   | -      |   |   | 137  |   |   | (11,943 |  ) |
| Change      in fair value of derivatives, net of taxes of $0                                                                                                                                                                                                                                                                                     |   |                    | -          |   |        |   | -      |           |   |   | -                  |   |   |                                            | -          |   |                                      |   | 120    |   |   | -  |   |   | 120 |   |
| Total      comprehensive income (loss)                                                                                                                                                                                                                                                                                                           |   |                    |       |   |        |   |   |           |   |   |               |   |   |                                            |       |   |                                      |   |   |   |   |   |   |   | (11,823  |  )  |
| Stock      compensation      expense                                                   |   |                    | -          |   |        |   | -      |           |   |   | 130                |   |   |                                            | -          |   |                                      |   | -      |   |   | -  |   |   | 130 |   |
| Balance      at March 31,      2010                                                    |   |                    | 19,979,015 |   |        | $      | 200    |           |   | $      | 2,373,459          |   |   | $                                               | (2,156,887 | )      |                                      | $      | 7,712  |   | $ | 2,817 |   | $ | 227,301 |   |
|                                                                                                                                                                                                                                                                                                                                             |   |                    |       |   |        |   |   |           |   |   |               |   |   |                                            |       |   |                                      |   |   |   |   |   |   |   |   |   |

|                                  |   | March      31,2010 |   |   | December      31, 2009 |   |
|---------------------------------------|--------|--------------------|--------|--------|------------------------|--------|
| Foreign      currency translation     |   | $                  | 7,919  |   |                   | $      | 7,919 |   |
| Unrecognized      loss on derivatives |   |               | (207   | )      |                   |   | (327 | ) |
|                                  |   | $                  | 7,712  |   |                   | $      | 7,592 |   |

Table of Contents

----

CASH 

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Three      Months EndedMarch 31, |          |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|---------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 2010                                  |          |   | 2009 |   |
| Cash      flows from operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                  |          |   |   |   |
| Net      loss                                                                                                                                                                                                      | $                                     | (11,943       | ) |   | $ | (14,500 | ) |
| Adjustments      to reconcile net loss to net cash (used in) provided by operating      activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                  |          |   |   |   |   |   |
| Depreciation      and      amortization                                                                                                                                                                                      |                                  | 13,000        |   |   |   | 12,984 |   |
| Accretion      of Class A Junior preferred stock      dividends                                                                                                                                                              |                                  | 871           |   |   |   | 1,781 |   |
| Amortization      of preferred stock      discount                                                                                                                                                                           |                                  | 444           |   |   |   | 810 |   |
| Amortization      of deferred financing      costs                                                                                                                                                                           |                                  | 466           |   |   |   | 516 |   |
| Amortization      of original issue discount on 2015      Notes                                                                                                                                                              |                                  | 399           |   |   |   | - |   |
| Non-cash      stock compensation      expense                                                                                                                                                                                |                                  | 130           |   |   |   | 214 |   |
| Loss      on disposition of assets,      net                                                                                                                                                                                 |                                  | 89            |   |   |   | - |   |
| Non-cash      impact of exchange rate      changes                                                                                                                                                                           |                                  | (60           | ) |   |   | (88 | ) |
| Loss      on early extinguishment of      debt                                                                                                                                                                               |                                  | 706           |   |   |   | - |   |
| Deferred      income      taxes                                                                                                                                                                                              |                                  | 2,954         |   |   |   | 144 |   |
| Change      in assets and liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                  |          |   |   |   |   |   |
| Accounts      receivable                                                                                                                                                                                                                    |                                  | (15,332       | ) |   |   | 8,181 |   |
| Inventories                                                                                                                                                                                                                                 |                                  | (1,653        | ) |   |   | 10,603 |   |
| Prepaid      expenses and      other                                                                                                                                                                                                        |                                  | (1,429        | ) |   |   | 4,151 |   |
| Accounts      payable                                                                                                                                                                                                                       |                                  | 10,052        |   |   |   | (5,719 | ) |
| Accrued      and other      liabilities                                                                                                                                                                                                     |                                  | (3,078        | ) |   |   | (11,531 | ) |
| Net      cash (used in) provided by operating      activities                                                                                                                                                      |                                  | (4,384        | ) |   |   | 7,546 |   |
| Cash      flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                  |          |   |   |   |   |   |
| Acquisition      of      Merix                                                                                                                                                                                               |                                  | (35,326       | ) |   |   | - |   |
| Cash      acquired in acquisition of      Merix                                                                                                                                                                              |                                  | 13,667        |   |   |   | - |   |
| Capital      expenditures                                                                                                                                                                                                    |                                  | (9,521        | ) |   |   | (4,886 | ) |
| Proceeds      from disposals of      property                                                                                                                                                                                |                                  | -             |   |   |   | 262 |   |
| Net      cash used in investing      activities                                                                                                                                                                    |                                  | (31,180       | ) |   |   | (4,624 | ) |
| Cash      flows from financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                  |          |   |   |   |   |   |
| Repayment      of 10.5% Senior Subordinated      Notes                                                                                                                                                                       |                                  | (105,904      | ) |   |   | - |   |
| Change      in restricted      cash                                                                                                                                                                                          |                                  | 105,734       |   |   |   | - |   |
| Repayment      of capital lease      obligation                                                                                                                                                                              |                                  | (26           | ) |   |   | - |   |
| Borrowings      (repayments) under credit      facilities                                                                                                                                                                    |                                  | 10,000        |   |   |   | (1,500 | ) |
| Financing      and other      fees                                                                                                                                                                                           |                                  | (2,159        | ) |   |   | - |   |
| Net      cash provided by (used in) financing      activities                                                                                                                                                      |                                  | 7,645         |   |   |   | (1,500 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                  |          |   |   |   |   |   |
| Net      change in cash and cash      equivalents                                                                                                                                                                  |                                  | (27,919       | ) |   |   | 1,422 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                  |          |   |   |   |   |   |
| Cash      and cash equivalents, beginning of the      period                                                                                                                                                       |                                  | 108,993       |   |   |   | 83,053 |   |
| Cash      and cash equivalents, end of the      period                                                                                                                                                             | $                                     | 81,074        |   |   | $ | 84,475 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                  |          |   |   |   |   |   |
| Supplemental      cash flow information:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                  |          |   |   |   |   |   |
| Interest      paid                                                                                                                                                                                                           | $                                     | 5,558         |   |   | $ | 10,691 |   |
| Income taxes paid,      net                                                                                                                                                                                                  | $                                     | 2,452         |   |   | $ | 908 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                  |          |   |   |   |   |   |
| Supplemental      disclosure of noncash transactions:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                  |          |   |   |   |   |   |
| Fair      value of common shares issued for acquisition of      Merix                                                                                                                                                        | $                                     | 75,877        |   |   | $ | - |   |
| Fair      value of common shares issued in exchange for Mandatory redeemable Class A      Juniorpreferred      stock                                                                                                                        | $                                     |  149,868 |   |   | $ |  - |   |
| Fair      value of common shares issued in exchange for Redeemable Class B Senior      Convertible preferred      stock                                                                                                      | $                                     |  117,970 |   |   | $ |  - |   |

Table of Contents

----

NOTES

|   | · | allowances      for doubtful accounts; |
|--------|--------|----------------------------------------|

|   | · | inventory      valuation; |
|--------|--------|---------------------------|

|   | · | fair      value of derivative instruments and related hedged  items; |
|--------|--------|----------------------------------------------------------------------|

|   | ·   | fair      value of assets acquired and liabilities assumed in the Merix      Acquisition; |
|--------|--------------------|-------------------------------------------------------------------------------------------|

|   | · | useful      lives of property, equipment and intangible  assets; |
|--------|--------|------------------------------------------------------------------|

|   | · | long-lived      and intangible asset impairments; |
|--------|--------|---------------------------------------------------|

|   | · | restructuring      charges; |
|--------|--------|-----------------------------|

|   | · | warranty      and product returns allowances; |
|--------|--------|-----------------------------------------------|

|   | · | deferred      compensation agreements; |
|--------|--------|----------------------------------------|

|   | · | tax      related items; |
|--------|--------|-------------------------|

|   | · | contingencies;      and |
|--------|--------|-------------------------|

|   | · | fair      value of options granted under our stock-based compensation      plan. |
|--------|--------|----------------------------------------------------------------------------------|

|                                                                                                 |   | Three      Months Ended March 31, |       |
|------------------------------------------------------------------------------------------------------|--------|-----------------------------------|------------|
|                                                                                                 |   | 2010                              |       |   | 2009 |   |
| Net      (loss) income attributable to common stockholders                                           |   | $                                 | (147,871   | ) |   | $ | (16,584 | ) |
|                                                                                                 |   |                              |       |   |   |   |   |   |
| Weighted      average shares used to compute basic and diluted net (loss) income      per      share |   |                              | 11,762,329 |   |   |   | 2,415,266 |   |
| Net      (loss) income per share attributable to common stockholders - basic and      diluted        |   | $                                 | (12.57     | ) |   | $ | (6.87 | ) |

|                                                |   |  March      31, 2010   |
|-----------------------------------------------------|--------|-----------------------------|
|                                                |   |        Fair      Value |   | Carrying      Amount |   | Balance      Sheet Classification |   |
| Senior      Secured Notes due 2015                  |   | $                           | 237,325 |   |   | $ | 212,355 |   | Long-term      debt, less current maturities |
| Senior      Subordinated Convertible Notes due 2013 |   |                        | 1,410 |   |   |   | 1,410 |   | Long-term      debt, less current maturities |
| Senior      Subordinated Notes due 2011             |   |                        | - |   |   |   | - |   |   |
| Senior      Secured 2010 Credit Facility            |   |                        | - |   |   |   | - |   |   |
| Zhongshan      2010 Credit Facility                 |   |                        | 10,000 |   |   |   | 10,000 |   | Current      maturities of long-term debt |
| Guangzhou      2009 Credit Facility                 |   |                        | 10,000 |   |   |   | 10,000 |   | Current      maturities of long-term debt |
| Huiyang      2009 Credit Facility                   |   |                        | 5,200 |   |   |   | 5,200 |   | Current      maturities of long-term debt |
| Class      A Junior preferred stock                 |   |                        | - |   |   |   | - |   |   |
| Class      B Senior Convertible preferred stock     |   |                        | - |   |   |   | - |   |   |
| Cash      flow hedges                               |   |                        | (207 | ) |   |   | (207 | ) | Accrued      and other liabilities |
|                                                |   |                        |   |   |   |   |   |   |   |   |
|                                                |   | December      31, 2009      |
|                                                |   | Fair      Value             |   |   | Carrying      Amount |   | Balance      Sheet Classification |   |
| Senior      Secured Notes due 2015                  |   | $                           | 231,000 |   |   | $ | 211,956 |   | Long-term      debt, less current maturities |
| Senior      Subordinated Convertible Notes due 2013 |   |                        | - |   |   |   | - |   |   |
| Senior      Subordinated Notes due 2011             |   |                        | 105,876 |   |   |   | 105,876 |   | Current      maturities of long-term debt |
| Senior      Secured 2010 Credit Facility            |   |                        | - |   |   |   | - |   |   |
| Zhongshan      2010 Credit Facility                 |   |                        | - |   |   |   | - |   |   |
| Guangzhou      2009 Credit Facility                 |   |                        | 10,000 |   |   |   | 10,000 |   | Current      maturities of long-term debt |
| Huiyang      2009 Credit Facility                   |   |                        | - |   |   |   | - |   |   |
| Class      A Junior preferred stock                 |   |                        | 124,943 |   |   |   | 118,836 |   | Mandatory      redeemable Class A Junior preferred stock |
| Class      B Senior Convertible preferred stock     |   |                        | 98,823 |   |   |   | 98,324 |   | Redeemable      Class B Senior Convertible preferred stock |
| Cash      flow hedges                               |   |                        | (327 | ) |   |   | (327 | ) | Accrued      and other liabilities |

| Cash      and      equivalents                                                                                                                    |   | $      | 13,667  |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|
| Accounts      receivable                                                                                                                          |   |   | 50,049  |   |
| Inventories                                                                                                                                       |   |   | 23,243  |   |
| Property,      plant and      equipment                                                                                                           |   |   | 72,743  |   |
| Property      held for      sale                                                                                                                  |   |   | 12,379  |   |
| Identifiable      intangible      assets                                                                                                          |   |   | 6,190   |   |
| Goodwill                                                                                                                                          |   |   | 18,492  |   |
| Other      current and long-term      assets                                                                                                      |   |   | 10,109  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 206,872 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |    |   |
| Accounts      payable and other accrued      liabilities                                                                                          |   |   | (69,558 | )      |
| Convertible      notes and other      indebtedness                                                                                                |   |   | (7,039  | )      |
| Accrued      and deferred      taxes                                                                                                              |   |   | (15,585 | )      |
| Other      long-term      liabilities                                                                                                             |   |   | (807    | )      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | (92,989 | )      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 113,883 |   |
| Less:  noncontrolling      interest                                                                                                     |   |   | (2,680  | )      |
| Net      assets      acquired                                                                                                                     |   | $      | 111,203 |   |

|                   |   | Three      Months EndedMarch31, |    |
|------------------------|--------|---------------------------------|---------|
|                   |   | 2010                            |    |   | 2009 |   |
| Net      sales         |   | $                               | 228,595 |   |   | $ | 184,158 |   |
| Net      income (loss) |   | $                               | 1,305   |   |   | $ | (40,788 | ) |
|                   |   |                            |    |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | March 31,2010 |   |   | December 31,2009 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|-----------------------|--------|
| Raw      materials                                                                                           |   | $                  | 24,272 |   |                  | $      | 15,090 |   |
| Work      in      process                                                                                    |   |               | 23,096 |   |                  |   | 15,720 |   |
| Finished      goods                                                                                          |   |               | 26,725 |   |                  |   | 18,387 |   |
| Total                                                                                                        |   | $                  | 74,093 |   |                  | $      | 49,197 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | March 31,2010 |     |   | December 31,2009 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|-----------------------|--------|
| Land      and      buildings                                                                                                  |   | $                  | 81,492   |   |                  | $      | 54,603 |   |
| Machinery,      equipment and      systems                                                                                    |   |               | 479,750  |   |                  |   | 427,619 |   |
| Leasehold      improvements                                                                                                   |   |               | 43,332   |   |                  |   | 42,102 |   |
| Construction      in      progress                                                                                            |   |               | 2,827    |   |                  |   | 1,063 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |               | 607,401  |   |                  |   | 525,387 |   |
| Less:      Accumulated      depreciation                                                                                      |   |               | (339,441 | )      |                  |   | (326,343 | ) |
| Total                                                                                                                         |   | $                  | 267,960  |   |                  | $      | 199,044 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | March 31,2010 |    |   | December 31,2009 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-----------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               |    |   |                  |   |
| Senior      Secured Notes due 2015,      net                                                                                                |   | $                  | 212,355 |   |                  | $      | 211,956 |   |
| Senior      Subordinated Convertible Notes due      2013                                                                                    |   |               | 1,410   |   |                  |   | - |   |
| Senior      Subordinated Notes due      2011                                                                                                |   |               | -       |   |                  |   | 105,876 |   |
| Senior      Secured 2010 Credit      Facility                                                                                               |   |               | -       |   |                  |   | - |   |
| Zhongshan      2010 Credit      Facility                                                                                                    |   |               | 10,000  |   |                  |   | - |   |
| Guangzhou      2009 Credit      Facility                                                                                                    |   |               | 10,000  |   |                  |   | 10,000 |   |
| Huiyang      2009 Credit      Facility                                                                                                      |   |               | 5,200   |   |                  |   | - |   |
| Capital      leases                                                                                                                         |   |               | 3,475   |   |                  |   | 3,048 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |               | 242,440 |   |                  |   | 330,880 |   |
| Less:      Current      maturities                                                                                                          |   |               | (27,798 | )      |                  |   | (118,207 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | $                  | 214,642 |   |                  | $      | 212,673 |   |

|                                         |   |              |   |   | Three      Months Ended March 31, 2010 |                                   |   |               |   |
|----------------------------------------------|--------|-------------------|--------|--------|----------------------------------------|----------------------------------------|--------|--------------------|--------|
|                                         |   | Balanceat12/31/09 |   |   | Charges                                |                                   |   | Cash      Payments |   | Adjustments |   |   | Balanceat3/31/10 |   |
| Restructuring      Activities:               |   |              |   |   |                                   |                                   |   |               |   |   |   |   |   |   |
| Personnel and severance                      |   | $                 | 843    |   |                                   | $                                      | 824    |               |   | $ | (596 | ) | $ | - |   |   | $ | 1,071 |   |
| Lease and other contractual      commitments |   |              | 2,481  |   |                                   |                                   | 5,485  |               |   |   | (6,367 | ) |   | 740 | (a) |   |   | 2,339 |   |
| Total      restructuring charges             |   | $                 | 3,324  |   |                                   | $                                      | 6,309  |               |   | $ | (6,963 | ) | $ | 740 |   |   | $ | 3,410 |   |
|                                         |   |              |   |   |                                   |                                   |   |               |   |   |   |   |   |   |   |   |   |   |   |
|                                         |   |              |   |   |                                   | Three      Months Ended March 31, 2009 |   |               |   |   |   |
|                                         |   | Balanceat12/31/08 |   |   | Charges                                |                                   |   | Cash      Payments |   | Adjustments |   |   | Balanceat3/31/09 |   |
| Restructuring      Activities:               |   |              |   |   |                                   |                                   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Personnel and severance                      |   | $                 | 8,896  |   |                                   | $                                      | 268    |               |   | $ | (5,562 | ) | $ | - |   |   | $ | 3,602 |   |
| Lease and other contractual      commitments |   |              | 3,226  |   |                                   |                                   | 455    |               |   |   | (315 | ) |   | 58 | (b) |   |   | 3,424 |   |
| Total      restructuring charges             |   | $                 | 12,122 |   |                                   | $                                      | 723    |               |   | $ | (5,877 | ) | $ | 58 |   |   | $ | 7,026 |   |

| (a)   | Represents      $732 of restructuring liabilities assumed in the Merix Acquisition, and $8      of accretion of interest on discounted restructuring      liabilities. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Represents      accretion of interest on discounted restructuring    liabilities. |
|-----------------|-----------------------------------------------------------------------------------|

|                                                   |   | March      31,2010                 |    |   | December      31,2009              |   |
|--------------------------------------------------------|--------|------------------------------------|---------|--------|------------------------------------|--------|
| Notional      amount in Chinese RMB                    |   |                               | 476,760 |   |                               |   | 480,000 |   |
| Weighted      average remaining maturity in months     |   |                               | 4.4     |   |                               |   | 4.0 |   |
| Weighted      average exchange rate to one U.S. Dollar |   |                               | 6.776   |   |                               |   | 6.770 |   |
| Deferred      loss measured at fair value              |   | $                                  | 207     |   |                               | $      | 327 |   |
| Balance      sheet location of deferred loss           |   | Accrued      and other liabilities |    |   | Accrued      and other liabilities |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Three      Months EndedMarch 31, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2010                                  |   |   | 2009 |   |
| Cost      of goods      sold                                                                                                     |   | $                                     | 27     |   |   | $ | 25 |   |
| Selling,      general and      administrative                                                                                    |   |                                  | 103    |   |   |   | 189 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | $                                     | 130    |   |   | $ | 214 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | Shares |    |   | WeightedAverageExercisePrice |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|------------------------------|--------|
| Outstanding      at December 31,      2009                                                                                         |   |   | 209,435 |   |                         | $      | 150.99 |   |
| Granted                                                                                                                            |   |   | -       |   |                         |   | - |   |
| Exercised                                                                                                                          |   |   | -       |   |                         |   | - |   |
| Forfeited                                                                                                                          |   |   | 88      |   |                         |   | 150.99 |   |
| Outstanding      at March 31,      2010                                                                                            |   |   | 209,347 |   |                         |   | 150.99 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |    |   |                         |   |   |   |
| Options      exercisable at March 31,      2010                                                                                    |   |   | 205,192 |   |                         |   | 150.99 |   |

|                                                         |   | Three      Months EndedMarch 31, |    |
|--------------------------------------------------------------|--------|---------------------------------------|---------|
|                                                         |   | 2010                                  |    |   | 2009 |   |
| Net      loss                                                |   | $                                     | (11,943 | ) |   | $ | (14,500 | ) |
| Change in fair value of      derivatives, net of taxes of $0 |   |                                  | 120     |   |   |   | 2,734 |   |
| Comprehensive      loss                                      |   | $                                     | (11,823 | ) |   | $ | (11,766 | ) |

|                        |   | March 31,2010 |    |   | December 31,2009 |   |
|-----------------------------|--------|--------------------|---------|--------|-----------------------|--------|
| Total      assets:          |   |               |    |   |                  |   |
| Printed      Circuit Boards |   | $                  | 625,833 |   |                  | $      | 382,238 |   |
| Assembly                    |   |               | 78,393  |   |                  |   | 85,448 |   |
| Other                       |   |               | 24,856  |   |                  |   | 189,552 |   |
|                        |   | $                  | 729,082 |   |                  | $      | 657,238 |   |

|                                          |   | Three      Months EndedMarch 31, |    |
|-----------------------------------------------|--------|---------------------------------------|---------|
|                                          |   | 2010                                  |    |   | 2009 |   |
| Net      sales to external customers:         |   |                                  |    |   |   |   |
| Printed      Circuit Boards                   |   | $                                     | 150,602 |   |   | $ | 77,621 |   |
| Assembly                                      |   |                                  | 36,038  |   |   |   | 35,637 |   |
| Other                                         |   |                                  | -       |   |   |   | 10,179 |   |
| Total                                         |   | $                                     | 186,640 |   |   | $ | 123,437 |   |
|                                          |   |                                  |    |   |   |   |   |   |
| Intersegment      sales:                      |   |                                  |    |   |   |   |   |   |
| Printed      Circuit Boards                   |   | $                                     | 2,147   |   |   | $ | 2,434 |   |
| Assembly                                      |   |                                  | -       |   |   |   | 9 |   |
| Other                                         |   |                                  | -       |   |   |   | 185 |   |
| Total                                         |   | $                                     | 2,147   |   |   | $ | 2,628 |   |
|                                          |   |                                  |    |   |   |   |   |   |
| Operating      (loss) income:                 |   |                                  |    |   |   |   |   |   |
| Printed      Circuit Boards                   |   | $                                     | 9,427   |   |   | $ | (4,312 | ) |
| Assembly                                      |   |                                  | 994     |   |   |   | 1,611 |   |
| Other                                         |   |                                  | (7,924  | ) |   |   | (649 | ) |
| Total                                         |   |                                  | 2,497   |   |   |   | (3,350 | ) |
|                                          |   |                                  |    |   |   |   |   |   |
| Interest      expense, net                    |   |                                  | 8,902   |   |   |   | 8,095 |   |
| Loss      on early extinguishment of debt     |   |                                  | 706     |   |   |   | - |   |
| Amortization      of deferred financing costs |   |                                  | 466     |   |   |   | 516 |   |
| Other,      net                               |   |                                  | 515     |   |   |   | 122 |   |
| (Loss) income before income      taxes        |   | $                                     | (8,092  | ) |   | $ | (12,083 | ) |

Table of Contents

----

Item 2

Table of Contents

----

|                                                              |   | Historical |       |   | Proforma |   |
|-------------------------------------------------------------------|--------|------------|------------|--------|----------|--------|
| End-User      Market (dollars in millions)                        |   | 2010       |       |   | 2009     |   |   | 2010 |   |   | 2009 |   |
| Automotive                                                        |   | $          | 72.4       |   |     | $      | 39.6 |   |   | $ | 80.6 |   |   | $ | 50.1 |   |
| Industrial      & Instrumentation, Medical, Consumerand Other |   |       |  44.4 |   |     |   |  34.1 |   |   |   |  53.9 |   |   |   |  45.2 |   |
| Telecommunications                                                |   |       | 39.3       |   |     |   | 39.6 |   |   |   | 50.9 |   |   |   | 59.3 |   |
| Computer      and Datacommunications                              |   |       | 25.3       |   |     |   | 10.1 |   |   |   | 32.9 |   |   |   | 22.1 |   |
| Military      and Aerospace                                       |   |       | 5.2        |   |     |   | - |   |   |   | 10.3 |   |   |   | 7.5 |   |
| Total      Net Sales                                              |   | $          | 186.6      |   |     | $      | 123.4 |   |   | $ | 228.6 |   |   | $ | 184.2 |   |

| Segment      (dollars in      millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 2010   |   |   | 2009   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Printed      Circuit      Boards                                                                          |   | $      | 152.7  |   |   | $      | 80.1 |   |
| Assembly                                                                                                  |   |   | 36.0   |   |   |   | 35.7 |   |
| Other                                                                                                     |   |   | -      |   |   |   | 10.3 |   |
| Eliminations                                                                                              |   |   | (2.1   | )      |   |   | (2.7 | ) |
| Total      Net      Sales                                                                                 |   | $      | 186.6  |   |   | $      | 123.4 |   |

| Source      (dollars in      millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 2010   |   |   | 2009   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Printed      Circuit Boards      segment                                                                          |   | $      | 9.4    |   |   | $      | (4.3 | ) |
| Assembly      segment                                                                                             |   |   | 1.0    |   |   |   | 1.6 |   |
| Other                                                                                                             |   |   | (7.9   | )      |   |   | (0.7 | ) |
| Operating      income      (loss)                                                                                 |   | $      | 2.5    |   |   | $      | (3.4 | ) |

|   | · | Restructuring      and Impairment Charges – which consist primarily of facility closures and      other headcount reductions.  Historically, a significant amount      of these restructuring charges are non-cash charges related to the      write-down of property, plant and equipment to estimated net realizable      value.  We exclude these restructuring and impairment charges to      more clearly reflect our ongoing operating  performance. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Stock      Compensation – non-cash charges associated with recognizing the fair value      of stock options granted to employees.  We exclude these charges      to more clearly reflect a comparable year-over-year cash operating      performance. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|          ·   | Costs      Relating to the Merger – professional fees and other non-recurring costs      and expenses related to the Merix Acquisition.  We exclude these      costs and expenses because they are not representative of our customary      operating expenses. |
|--------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Three      Months EndedMarch 31, |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|
| Source      (dollars in      millions)                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 2010                                  |   |   | 2009 |   |
| Operating      (loss)      income                                                                                   |   | $                                     | 2.5    |   |   | $ | (3.4 | ) |
| Add-back:                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                                  |   |   |   |   |   |   |
| Depreciation      and      Amortization                                                                             |   |                                  | 13.0   |   |   |   | 13.0 |   |
| Restructuring      and      impairment                                                                              |   |                                  | 6.3    |   |   |   | 0.7 |   |
| Non-cash      stock compensation      expense.                                                                      |   |                                  | 0.1    |   |   |   | 0.2 |   |
| Costs      relating to the      merger                                                                              |   |                                  | 4.8    |   |   |   | - |   |
| Adjusted      EBITDA                                                                                                |   | $                                     | 26.7   |   |   | $ | 10.5 |   |

|   | •      incur debt, incur contingent obligations and issue certain types of      preferred stock; |
|--------|--------------------------------------------------------------------------------------------------------|

|   | •      create liens; |
|--------|----------------------------|

|   | •      pay dividends, distributions or make other specified restricted      payments; |
|--------|---------------------------------------------------------------------------------------------|

|   | • make certain investments and      acquisitions; |
|--------|--------------------------------------------------------------|

|   | •      enter into certain transactions with affiliates;  and |
|--------|--------------------------------------------------------------------|

|   | •      merge or consolidate with any other entity or sell, assign,      transfer, lease, convey or otherwise dispose of  assets. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Debt      obligations, of approximately $7.0 million related to the 2013 Notes, the      Huiyang 2009 Credit Facility and capital lease  obligations; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Operating      lease obligations of approximately $4.0million; |
|--------------------|----------------------------------------------------------------|

| ·   | Restructuring      payments of approximately $0.7 million;and |
|--------------------|---------------------------------------------------------------|

| ·   | Unrecognized      tax benefits of approximately $11.5million. |
|--------------------|---------------------------------------------------------------|

Item 3

Item 4

PART II

Item 1.

Item 4. 

Item 5.   

| (a)   | Change      of Chief Accounting Officer: |
|-----------------|------------------------------------------|

| (b)   | On      May 11, 2010 the Company’s board of directors authorized the issuance of a      total of 1,222,399 stock options and restricted shares subject to the      stockholder approval of and pursuant to the Company’s 2010 Equity      Incentive Plan. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name      and Title                                                                                                | Number      of Shares UnderlyingStock      Option |
|--------------------------------------------------------------------------------------------------------------------|---------------------------------------------------|
| David      M. SindelarChief      Executive Officer                                                            | 239,945                                           |
|                                                                                                               |                                              |
|                                                                                                               |                                              |
| Timothy      L. ConlonPresident      and Chief Operating Officer                                              | 114,260                                           |
| Gerald      G. SaxSenior      Vice President and Chief Financial Officer                                      | 85,695                                            |
| Brian      W. BarberSenior      Vice President Operations-Printed Circuit Board & Supply Chain      Management | 42,847                                  |
| Richard      B. KampfSenior      Vice President Sales and Marketing                                                | 42,847                                            |

| Name      of Optionee                                                                                              |   | Restricted      Shares |
|--------------------------------------------------------------------------------------------------------------------|--------|------------------------|
| David      M. SindelarChief      Executive Officer                                                                 |   | 63,985                 |
|                                                                                                               |   |                   |
| Timothy      L. ConlonPresident      and Chief Operating Officer                                                   |   | 45,704                 |
|                                                                                                               |   |                   |
| Gerald      G. SaxSenior      Vice President and Chief Financial Officer                                           |   | 34,278                 |
|                                                                                                               |   |                   |
| Brian      W. BarberSenior      Vice President Operations-Printed Circuit Board & Supply Chain      Management |   | 17,139                 |
|                                                                                                               |   |                   |
| Richard      B. KampfSenior      Vice President Sales and Marketing                                                |   | 17,139                 |
|                                                                                                               |   |                   |
| Christopher      J. SteffenChairman      of the Board of Directors                                                 |   | 6,856                  |
|                                                                                                               |   |                   |
| Michael      D. BurgerDirector                                                                                     |   | 6,856                  |
|                                                                                                               |   |                   |
| Robert      F. Cummings Jr.Director                                                                                |   | 6,856                  |
|                                                                                                               |   |                   |
| Kirby      A. DyessDirector                                                                                        |   | 6,856                  |
|                                                                                                               |   |                   |
| Peter      FrankDirector                                                                                           |   | 6,856                  |
|                                                                                                               |   |                   |
| Jack      D. FurstDirector                                                                                         |   | 6,856                  |
|                                                                                                               |   |                   |
| Edward      HerringDirector                                                                                        |   | 6,856                  |
|                                                                                                               |   |                   |
| William      C. McCormickDirector                                                                                  |   | 6,856                  |
|                                                                                                               |   |                   |
| Richard      A. McGinnDirector                                                                                     |   | 6,856                  |
|                                                                                                               |   |                   |
| Richard      W. VieserDirector                                                                                     |   | 6,856                  |
|                                                                                                               |   |                   |

Item6.  Exhibits

| (a) ExhibitsThe      information required by this item is included on the exhibit index that      follows the signature page of this Form10-Q. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|

Table of Contents

----

SIGNATURES

|   | VIASYSTEMS      GROUP, INC. |
|--------|-----------------------------|
|   |                        |
|   |                        |
|   | By:                         | /s/      David M. Sindelar |
|   | Name:                       | David      M. Sindelar |
|   | Title:                      | Chief      Executive Officer(Principal      Executive Officer) |
|   |                        |   |
|   | By:                         | /s/      Gerald G. Sax |
|   | Name:                       | Gerald      G. Sax |
|   | Title:                      | Senior      Vice President & Chief Financial Officer(Principal      Financial Officer) |

|   |   |                                                                                                            |
|--------|--------|-----------------------------------------------------------------------------------------------------------------|
|   | By:    | /s/      Christopher R. Isaak                                                                                   |
|   | Name:  | Christopher      R. Isaak                                                                                       |
|   | Title: | Vice      President, Corporate Controller &Chief      Accounting Officer(Principal      Accounting Officer) |

Table of Contents

----

EXHIBIT INDEX

| Exhibit No. |   | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1        | (1)    | English      translation of the Huiyang 2009 Credit Facility Contract, dated June 26,      2009, by and between Merix Printed Circuits Technology Limited and      Industrial and Commercial Bank of China, Limited.                                                                                                                                                                                                                                                                                                  |
| 10.2        | (1)    | English      translation of the Maximum Amount Mortgage Agreement, dated June 26, 2009,      by and between Merix Printed Circuits Technology Limited and Industrial      and Commercial Bank of China, Limited.                                                                                                                                                                                                                                                                                                      |
| 10.3        | (2)    | English      translation of the Guangzhou 2009 Credit Facility Contract, dated as of      August 17, 2009, by and between Guangzhou Termbray Electronics Technology      Co., Ltd., as Borrower, and China Construction Bank Guangzhou Economic and      Technological Development District Branch, as Lender.                                                                                                                                                                                                        |
| 10.4        | (2)    | English      translation of the Maximum Amount Mortgage Contract, dated as of August      17, 2009, by and between Guangzhou Termbray Electronics Technology Co.,      Ltd., as Borrower, and China Construction Bank Guangzhou Economic and      Technological Development District Branch, as Lender.                                                                                                                                                                                                               |
| 10.5        | (4)    | English      translation of the Zhongshan 2010 Credit Facility Contract, dated as of      March 26, 2010, by and between Kalex Multi-Layer Circuit Board (Zhongshan)      Limited, as Borrower, and China Construction Bank Zhongshan Branch, as      Lender.                                                                                                                                                                                                                                                         |
| 10.6        | (3)    | Loan      and Security Agreement, dated as of February 16, 2010, by and among      Viasystems Technologies Corp., L.L.C. and Merix Corporation, as borrowers,      and Viasystems, Inc., Viasystems International, Inc. and Merix Asia, Inc.,      as guarantors, the lenders and issuing bank from time to time party      thereto, Wachovia Capital Finance Corporation (New England), as      administrative agent, and Wells Fargo Capital Finance, LLC, as sole lead      arranger, manager and bookrunner. |
| 10.7        | (4)    | Amendment      No. 1 to Loan and Security Agreement, dated as of March 24, 2010, by and      among Viasystems Technologies Corp., L.L.C. and Merix Corporation, as      Borrowers, Viasystems, Inc., Viasystems International, Inc. and Merix      Asia, Inc., as Guarantors, and Wachovia Capital Finance Corporation (New      England), as Agent and Lender.                                                                                                                                                       |
| 10.8        | (5)    | Indenture,      dated as of November 24, 2009, among Viasystems, Inc., the guarantors      named therein and Wilmington Trust FSB, as trustee, providing for the      issuance of Viasystems, Inc.’s 12.00% Senior Secured Notes due      2015.                                                                                                                                                                                                                                                                 |
| 10.9        | (3)    | First      Supplemental Indenture, dated as of February 22, 2010, by and among      Merix Corporation, Merix Asia, Inc., Viasystems, Inc., the other      guarantors as defined in the Indenture dated as of November 24, 2009      providing for the issuance of Viasystems, Inc.’s 12.00% Senior Secured      Notes due 2015, and Wilmington Trust FSB, as trustee under the      Indenture.                                                                                                        |
| 10.10       | (3)    | Second      Supplemental Indenture, dated as of February 22, 2010, by and among      Viasystems Group, Inc., Viasystems, Inc., the other guarantors as defined      in the Indenture dated as of November 24, 2009 providing for the      issuance of Viasystems, Inc.’s 12.00% Senior Secured Notes due 2015, and      Wilmington Trust, FSB, as trustee under the Indenture.                                                                                                                        |
| 10.11       | (6)    | Indenture      dated May 16, 2006, between Merix Corporation and U.S. Bank National      Association, as trustee, providing for the issuance of Merix Corporation’s      4.0% Convertible Senior Subordinated Notes due 2013.                                                                                                                                                                                                                                                                                   |
| 10.12       | (7)    | First      Supplemental Indenture, dated as of February 16, 2010, by and among      Viasystems Group, Inc., Merix Corporation and U.S. Bank, National      Association, as trustee, to the Indenture dated May 16, 2006 providing for      the issuance of Merix Corporation’s 4.0% Convertible Senior Subordinated      Notes due 2013.                                                                                                                                                                        |
| 10.13       |   | English      translation of the Lease Agreement on Gutangao Factory Premises and      Dormitories, dated as of January 1, 2008, by and between Desai (Huizhou)      Group Company, Limited and Merix Printed Circuits (Huizhou) Company,      Limited.                                                                                                                                                                                                                                                                |
| 10.14       |   | Lease      Agreement, dated as of July 1, 1987, by and between B.S. Enterprises and      Data Circuit Systems, Inc., as amended by the Lease Amendment, dated as of      June 23, 2000, concerning 335 Turtle Creek Court.                                                                                                                                                                                                                                                                                            |
| 10.15       |   | Lease      Agreement, dated as of September 20, 2005, by and between KML Fremont      Investors LLC and Merix San Jose, Inc., concerning 340 Turtle Creek      Court.                                                                                                                                                                                                                                                                                                                                                 |

Table of Contents

----

| Exhibit No. |   | Description                                                                                                                                                            |
|-------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.16       |   | Lease      Agreement, dated as of January 1, 2010, by and between Gail H. Ducote,      Robert D. Ducote and Merix Corporation, concerning 355 Turtle Creek      Court. |
| 10.17       |   | Form      of Viasystems Group, Inc. 2010 Equity Incentive Plan Nonqualified Stock      Option Award Agreement                                                          |
| 10.18       |   | Form      of Viasystems Group, Inc. 2010 Equity Incentive Plan Restricted Stock      Award Agreement                                                              |
| 31.1        |   | Chief      Executive Officer’s Certification required by Rule      13(a)-14(a).                                                                                  |
| 31.2        |   | Chief      Financial Officer’s Certification required by Rule      13(a)-14(a).                                                                                  |
| 32.1        |   | Chief      Executive Officer Certification pursuant to 18 U.S.C. § 1350, as adopted      pursuant to § 906 of the Sarbanes-Oxley Act of 2002.                |
| 32.2        |   | Chief      Financial Officer Certification pursuant to 18 U.S.C. § 1350, as adopted      pursuant to § 906 of the Sarbanes-Oxley Act of 2002.      |
| (1)         |   | Incorporated      by reference to the Form 8-K of Merix Corporation filed on June 30,      2009.                                                                  |
| (2)         |   | Incorporated      by reference to the Form 8-K of Viasystems, Inc. filed on September 10,      2009.                                                              |
| (3)         |   | Incorporated      by reference to the Form 8-K of Viasystems Group, Inc. filed on February      22, 2010.                                                         |
| (4)         |   | Incorporated      by reference to the Form 8-K of Viasystems Group, Inc. filed on March 30,      2010.                                                            |
| (5)         |   | Incorporated      by reference to the Form 8-K of Viasystems, Inc. filed on December 2,      2009.                                                                |
| (6)         |   | Incorporated      by reference to the Form 8-K of Merix Corporation filed on May 16,      2006.                                                                   |
| (7)         |   | Incorporated      by reference to the Form 8-K of Viasystems Group, Inc. filed on February      17, 2010.                                                         |