Company Profile For Taiwan High Speed Rail Corporation

Taiwan High Speed Rail Corporation is principally engaged in the construction, development and operation of the high-speed railway system in Taiwan. The Company is also involved in other high-speed railway transportation-related businesses and the development and usage of train station sites. The Company’s high-speed railway transportation-related businesses include shopping malls, special stores located in travel agencies, car leasing and parking lots, among others. The Company developed train station sites for hotel, restaurant, entertainment, department store, financial service,tourism service, communication service and other uses. During the year ended December 31,2008, the Company carried approximately 30.581 million of passengers by train.

BRIEF: For the six months ended 30 June 2009, Taiwan High Speed Rail Corporation's revenues increased 6% to NT$11.51B. The Company's net loss applicable to common stock shareholders decreased 75% to NT$2.70B. Total revenues reflected increased sales volume due to stronger market demand and effective business strategy. Lower net loss for the period also benefited from significantly decreased interest expense.