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Leer t o Shareholders - SERCOMM

Le er to ShareholdersCompany Highlight00 Review of 201 Business Results00 Performance and Pro tability Analysis00 Research and Development Status00 Summary of 2017 Business Plan00 Future Development StrategyCompany Overview0 Milestones0 Organiza on0 Board Members0 Management Team0 Corporate Governance0 Internal Control System Execu on Status 0 Resolu ons of Board Mee ngs 0 Cer ed Public Accountant (CPA) Informa on0 Changes in Share Posi ons among Directors, Supervisors, Managers0 Informa on of the Company s Top Ten Shareholders0 Long-Term Investments OwnershipCapital & Shares0 Capital & Shares0 0 Status of Employee Stock Op on PlanBusiness Overview0 Business Ac vi es0 Long-term and Short-term Business Development Plans0 Market, Produc on and Sales Outlook0 Main Product Applica ons0 Employer-employee Rela onships0 Environmental ExpenditureFinancial Review and Analysis0 Consolidated Financial Statements0 Financial Analysis0 2017 Audit Commi ee s Review report 0 Financial Status and Opera ng ResultsSpecial Disclosure0 SubsidariesFinancial Informa onContents2017 Annual report |001I.

2017 Annual Report |001 I. Letter to Shareholders Sercomm Corporation celebrated its 25th anniversary in 2017. The overall market was full of

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