PChome Online and Cal-Comp Form Joint Venture to Enter e-Commerce Market in Thailand

Recently, we announced the exciting news that Cal-Comp, a subsidiary of New Kinpo Group, entered ajoint venture with PChome Online (8044-tw), an Internet media company offering e-commerce,advertisement, portal service, digital content, Internet access, and Internet community service.Together, the two well-known Taiwanese companies will build upon Cal-Comp’s established leadershipand in-market operations and PChome Online’s extensive Internet expertise to provide the ultimate e-commerce service in Thailand. The capital for the joint venture, PChome Thailand Co., Ltd., is $100million Thai baht (approximately $3,065,000 US Dollars).
PChome Online (http://www.pchome.com.tw) is the largest e-commerce group in Taiwan. The companydebuted its IPO in Taiwan in January 2005, and its consolidated revenue hit $16.3 billion Taiwan dollars(TWD) in 2013.  PChome Online owns numerous e-commerce websites including the biggest business-to-consumer online shopping website, PChome 24h Shopping, and the leading consumer online auctionwebsite, Ruten.
To complement this venture, Cal-Comp is the largest EMS company in Thailand with more than 18,700employees around the world. Cal-Comp became a public company in Thailand in 2001 and itsconsolidated revenue was $121.5 billion Thai Baht in 2013.
Through this milestone joint venture with PChome Online, Cal-Comp will take advantage of New KinpoGroup’s experience in global marketing and management to become a first-mover in AFTA (ASEAN FreeTrade Area) market by providing convenient e-commerce solutions to local customers in Thailand.