2011, 2012 will mark two critical years for the transformation of governance in Yenom Technology Service Inc. , with primary business objectives as follows:
1. Public listing on OTC market and IPO plan on 2011
The company is prepared for public listing on OTC market during the period from 2010 to
2013 and is scheduled to be officially listed in 2013 for the objectives of setting up a
systematic and credible financial management, stabilized sources of company capital and
increased customer confidence in sustainable service via solid financial support.
In light of future IPO plan, effective October, 2011, replacement of current CPA Sofia Hu’s
Xing Ya accounting firm by CPA Megan Wu’s KPMG accounting firm is recommended.
The company wishes to thank Hu’s accounting firm for its dedication to the stable growth
and financial validity of the company in the last decade. KPMG is an internationally accredited
accounting firm and effective January 2011, for the objective of official public listing in
2013 on the OTC market, will be assigned to adjusting the financial management system of the
company, including management of accounting system and internal audit system.
2. Relocation of factory and office in 2011, expanding floor space from current 5,950.44 square
meters to 8,264.5 square meters for efficient work flow via increased production value,
strengthenedmanagement and more professional OEM services for clients.