Board of Directors announced Consolidated Financial Statements for the Quarter Ended March 31,2016

Board of Directors announced Consolidated Financial Statements for the Quarter Ended March 31,2016

1.Date of occurrence of the event:2016/05/13

2.Company name:Sincere Navigation Corporation

3.Relationship to the Company (please enter ”head office” or  ”subsidiaries”):Head office

4.Reciprocal shareholding ratios:NA

5.Name of the reporting media:NA

6.Content of the report:N/A

7.Cause of occurrence:Board of Directors announced Consolidated Financial Statements for the Quarter Ended March 31,2016

8.Countermeasures:Nil

9.Any other matters that need to be specified:

(一) Board of Directors announced Consolidated Financial Statements for the Quarter Ended March 31, 2016

Brief 2016 Q1 consolidated financial statements as bellow: (Expressed in thousand NTD except earnings per share)

Operating revenue                                                                             $1,189,886

Net income                                                                                             $387,744

Net income attributable to owner of the parent                             $270,795

Comprehensive loss                                                                               ($47,153)

Comprehensive loss attributable  to owner of the parent            ($115,394)

Earnings per share                                                                                   $0.48