2.6 Future Projects

The Company has set up long term projects as its master plans for 3-5
years operations which consists of 4 major plans as follows:

1.  Business Development Master Plan: consists of plans to develop core
    businesses of the Company ,i.e. Securities Brokering business,
    Investment Banking and Underwriting businesses; plans to develop a
    full range services which cover Securities investment Trading, Bond
    Trading and Selling Agent business and to prepare to seek new
    business opportunities thru Financial Advisory business, Mutual Fund
    business and Derivatives business, etc. aiming not only to increase
    Company’s revenue but also to create well-known reputation through
    outstanding work and personnel as well as to provide full range of
    services including Wealth Management service for future business
    base.

2.  Business Operations Process Master Plan: consists of plans to create
    efficient work flow such as Management Administration System,
    Financial System and Purchasing and Hiring System; plans to create
    Measuring and Monitoring System which includes Operations system,
    Planning, Budgeting & Monitoring System. In addition, this also
    includes Personnel Development System and Information and
    Communications Technology System which aim to build up standardized
    operation system and delegate authority appropriately to be in line
    with the Company strategic plan.

3.  Information and Communications Technology Policy: consists of
    Information Management to support working processes; Development of
    Infrastructure and office automation to develop appropriate or
    “Hi-tech” equipment to improve work efficiency; People tuning to
    build up company’s IT staff to develop the habit of thinking
    forward, being self-developed and becoming a knowledge seeker; and
    setting up standard for information security.

4.  People Tuning and Development Policy : consists of 5 systems i.e.
    Recruitment & Selection system, Compensation & Rewarding system, HR
    Development System, Performance Management and HR Management System
    so that the Company may select qualified individuals that suit
    company objective and create appropriate rewarding system including
    self-motivation qualification and relationship between staff. In
    addition, HR people are expected to be the people who lead changes
    in organization development, therefore, HR team is determined to
    have special roles and responsibilities which leads to HR Champion.

The Company’s operation plan in 2005 consists of significant projects as
follows.

1.  Income-increasing project by focusing on network creation ranging
    from creating both retail and institutional customer base and
    promoting electronic trading, expanding the existing marketing
    teams, creating new teams and opening new branches and using other
    businesses to support its securities brokerage business. A plan to
    offer a full or comprehensive service ranging from the trading of
    debt instruments to unit trust, financial advisory service and
    preparation for other new businesses.

2.  Development of securities analysis reports and disseminate the
    articles through various medias and set up Investment Advisory
    Division to develop Wealth Management service business which will
    lead to Private Fund business in the future.

3.  Information and communication technology development project,
    ranging from development of data management for administration,
    accounting and finance, securities analysis and customer service
    (customer’s information system, trading information system,
    connection between front & back office, upgrading of front office
    system and introduction of new office equipment) to data linkage
    channels as well as network and media management.

4.  Human resources management project starting from recruiting staff on
    competency-based interview to development of staff potential by
    establishing a knowledge-based organization and a system to seek
    advice or recommendations from own staff and training. Other
    activities include a set-up of the Employees Relations Club to
    promote staff’s efficiency and a contest to find a department of
    excellence.

5.  A project to develop a working system and create standards in
    accounting, planning, budgeting, monitoring and operations.

6.  A project to create good relationship with the public, media and
    investors.

Moreover, the Company will always operate businesses under an
appropriate risk management system and aware of the importance of good
corporate governance.