1. Green Seal Holding 4Q2013 Results
#1 BOPA Manufacturer in China, BOPA is A Green Material

2. Safe Harbor Disclaimer
This presentation contains “ forward-looking” statements, including statements about business outlook and strategy, and statements about historical results that may suggest trends for our business. These statements are based on estimates and information available to us at the time of this presentation and are not guarantees of future performance. Actual results could differ materially from our current expectations as result of many factors, including: our financial performance, including our net revenue, cost of revenue, operating expenses and ability to sustain profitability; our planned capital expenditures; our liquidity and working capital requirements; our ability to expand our customer base; our ability to expand our product and service offerings; our efforts to make our business more vertically integrated; our ability to develop additional adjacent lines of business; our international expansion plans, our ability to secure adequate facility space; our ability to retain and hire necessary employees, including seasonal personnel, and appropriately staff our operations; the impact of seasonality on our business; our ability to remediate the material weaknesses and significant deficiencies in our internal control over financial reporting; our ability to stay abreast of modified or new laws applying to our business; and our spending of the net proceeds from this offering. These and other risks and uncertainties associated with our business are described in our IPO prospectus. 2

3. Green Seal (1262.TT) Highlights
Found in 2009, Taiwan Stock Exchange Listing on January 16, 2014, Stock Ticker 1262
Market Capitalization NT$30.98 Billion (2014/3/14 closing); IPO priced at NT$17.01 Billion ( NT$126 per share)
#1 Leader in China BOPA with 36% market share
Veteran management team leading 634 employees with 60+ R&D
Only BOPA Chinese BOPA manufacturer with self-developed reaction agents
Product portfolio increased as a result
Customized products percentage increased quarter over quarter, contributing to margin expansion
Command key processing know-how to reach 99% yeild
Highest production line run rate per line in the industry
Wasted material 100% recycled
Highest even area (75%) among peers
2013 Results（Pro-Forma）
Revenue：NT$5.171 Billion
Gross Margin：33%
Net Profit：NT$1.132 Billion
Earning Per Share (based on 120m shares)：10.22
360 90 3

4. 4Q2013 Financial Highlights
Unit: NT$000
4Q2013
4Q2012
3Q2013
Over
Revenue
1,412,918
1,245,601
1,341,663
167,317
71,255
Gross Margin
35%
31%
33%
+4%
+2%
Operating Expense
73,703
56,309
82,436
17,394
-8,733
Operating Income
414,958
327,710
367,487
87,248
47,471
Operating Margin
29%
26%
27%
+3%
Non Operating Items
-13,991
-22,011
-15,965
8,020
1,974
Pretax Profit
400,967
305,699
351,522
95,268
49,445
Net Profit
338,829
258,064
296,704
80,765
42,125
Net Margin
24%
21%
22%
EPS (元)
2.82
2.63
2.47
RMB/NTD Exchange Rate
Shipment (Tons)
9,442
9,137
9,192
+305
+250
NT$35.57億
Note 1: Numbers above are pro-forma based
Note 2: 3Q2013 and 4Q2013 EPS are calculated based on 120,000,000 shares outstanding
Note 3: 4Q2012 EPS is based on 97,978,000 shares 4

5. 2010-2013 Solid Growth Indicators
Unit: NT$000
2010
2011
2012
2013
Revenue
1,086,421
100%
3,556,581
5,577,804
5,170,768
Gross Profit
363,451
33%
825,469
23%
1,478,920
27%
1,716,463
Operating Profit
319,381
29%
689,810
20%
1,268,648
1,414,314
Pretax Profit
290,918
654,904
19%
1,133,246
1,344,711
26%
Net Profit
212,374
551,839
16%
953,458
17%
1,131,852
22%
Earning Per Share
2.17
5.63
9.73
10.22
Shipment (Tons)
7,027
22,529
37,279
35,813
NT$35.57億
Note 1: Numbers above are pro-forma based
Note 2：2012 and 2013 Financial Reports are based on IFRS reporting while 2010 and 2011 are based on ROC reporting 5

6. Consistent Growth in Revenue and Net Profit
Revenue and Net Profit (NT$Billion)
Revenue
Net Profit
Earning Per Share
Note 1：2010~2012 EPS are calculated based on pro-forma 97,978,000 shares
Note 2: EPS is calculated based on weighted average of the year, 110,769,000 shares 6

7. BOPA Applications Food Household Products Energy Saving
Pharmaceuticals
Electronics 7

8. Revenue Breakdown by Key Product Applications
2013 Revenue Breakdown by Products 8

9. Monthly Revenue and Margin Trends
Revenue (NT$000)
Gross Margin 9

10. Balance Sheets and Key Indices
Unit : NT$000
2010
2011
2012
2013
Current Assets
1,389,348
44%
2,234,512
45%
2,351,815
42%
3,676,095
46%
Cash
211,122 7%
109,487 2%
189,562 3%
1,681,382
21%
Account Receivables
371,762
12%
1,056,382
1,411,934
25%
1,388,072
17%
Inventories
138,184 4%
406,658 8%
156,565
159,913
Non Current Assets
1,768,124
56%
2,743,919
55%
3,313,523
58%
4,374,260
54%
Total Assets
3,157,472
100%
4,978,431
5,665,338
8,050,355
Current Liabilities
1,108,062
35%
1,776,627
2,686,268
47%
1,718,686
Non Current Liabilities
1,642,573
52%
2,175,667
1,053,369
19%
731,963 9%
Total Liabilities
2,750,635
87%
3,952,294
79%
3,739,637
66%
2,450,649
30%
Shareholders Equity
406,837
13%
1,026,137
1,925,701
34%
5,599,706
70%
Return on Asset
15%
20%
18%
Return on Equity
85%
77%
65%
A/R Turnover Days 85 74 82 99
Inventory Turnover Days 47 37 26 17
Current Ratio
125%
126%
88%
214%
Quick Ratio
97%
84%
194%
NT$35.57億
Note：2012 and 2013 Financial Reports are based on IFRS reporting while 2010 and 2011 are based on ROC reporting 10

11. Cash Flows 2010 2011 2012 2013 Cash Flow from Operations
Unit: NT$000
2010
2011
2012
2013
Cash Flow from Operations
110,647
330,075
986,216
1,639,247
Cash Flow from Investments
-1,430,302
-1,156,693
-1,052,115
-1,040,760
Cash Flow from Financing
1,578,742
647,979
181,144
841,703
Exchange Rate Effect on Cash
-54,080
77,004
-35,170
51,630
Cash Increase
205,007
-101,635
80,075
1,491,820
Beginning Balance
6,115
211,122
109,487
189,562
Ending Balance
1,681,382
NT$35.57億
Note：2012 and 2013 Financial Reports are based on IFRS reporting while 2010 and 2011 are based on ROC reporting 11

12. China CPL Supply and Demand (BOPA Upstream)
Unit：10,000 tons
NT$35.57億
Demand
Capacity
Import 12

13. Rapid CPL Expansion Brought Down PA6 Price Quote
BOPA銷售價格
NT$35.57億
PA6採購價格 13

14. Green Seal Strategy #1 Market Share
Confidential
Green Seal Strategy
#1 Market Share
Processing know-how and scales surpass Chinese peers
Superior Characteristics
Industry Leader
High Growth Application Industries
High Margin Business Model
High Growth Momentum
Green Seal is dedicated only to BOPA thin film
Given its superior characteristics compared to other thin films, BOPA has great growth potentials
Deep-rooted ground work done on developing Food, Household Products, Pharmaceutical and Electronics industries
Developing High ASP/High end products (Import Substitution, Price, 2-4x of standard product ASP)
Higher end products leads the industry (only Chinese manufacturer to procure the equipment
Upstream environment is favorable to Green Seal margins as CPL price is trending down
In-house developed reaction agents
Efficiency Improvements (Industry Leader)
Direct Sale 14

15. Expanding Product Portfolio to Higher End BOPA
Developing
High Insulation
Hybrid Products
(BOPA+EVOH)
Developed
Simultaneous
Process
Developed In-house
Reaction Agents leading to
Different BOPA Products
When 5-layer production line 6, 7, 8 is ready, Green Seal will migrate into higher end hybrid products such as BOPA+EVOH and BOPA+MXD
After relocation of Wuxi Line to Xiamen and after production line alteration to simultaneous process, Green Seal’s product portfolio is now complete.
Developed Reaction Agents for: High separability, High insulation, Ultra thin, Bubble hood etc.
In Development Processes: M-Nylon, Book Cover Film, Linear Tear Film, Ultra Ray Resistance, Winter Only, Summer Only, EVOH Hybrid etc.
From Standard BOPA 15цm to 12/20/25цm Differentiated BOPA 15

16. Capacity Expansion Plan for Next 2 Years
Via new equipment purchase and M&A opportunities, Green Seal obtained the necessary capacity combined with its improved process know-how to emerge as the #1 manufacturer of BOPA in China
Green Seal will continue to migrate to advanced process and processes to maintain its industry leadership position
Capacity (Tons) 16

17. Equipments, Capacity and Product Types
Production
Lines
Plant
Location
Date
Machine Width
(Ｍ)
Annual Capacity
(Tons)
Equipment
Vendor
Machine
Layers
Product
Types
Note
Line 1
Xin Yang
4.2
6,200
Bruckner
3 Layers
Standard, Customized
Line 2
Line 3
Dong Fu
5.1
8,400
Line 4
Line 5
Mitsubishi
Relocation from Wuxi and Process Alteration
Line 6
Relocation from Wenzhou and Equipment Upgrade
Line 7
2014Q4
10,000
5 Layers
Standard, Customized & Hybrid
Line 8
2015Q2
6.6
12,000
Line 9
2015Q4
Current Capacity：41,600 Tons
NT$35.57億
Total Capacity (Tons)
75,600 17

18. Email: yilin.yan@chang-su.com.cn
Confidential
Q&A
Yilin Yan, CEO 18