Dear Kelly:

We started preparing for filing Mom's inheritance taxes. Enclosed please find documents related to this matter. Please review it.

As mom and I were assuming that one day you might come back to Taiwan and manage the estate which mom and I will pass over to you three sisters. The estate consists mostly in real-estate. Comparing with other millionaires, it seemed not that much, but these are what mom and I had worked hard for it. Land is a limited resources in Taiwan, the value should grow as the time goes. And I hope that before I passed away all theses properties will carry some rental incomes. With these rental incomes you guys should have some base to rely on even after I was away. And hopefully, some of you will base on these and make better out of it and　柯翠蓮＆頼宗佑の子々孫々 will cherish it and be proud to be a Lai's family.

When we finished the inheritance processing, mom and I would like what mom had left to be distributed between you three daughters. Since mostly is in real estates, I would like to transfer the titles to you then using one of our company (the holding company) will issue stocks to buy back from you guys. Put the estate into the hand of a company, it will be more easier to control it(lands) instead of in individuals' name. Since individuals will die and company will not as long as it was managed well.

As I said previously, Mom and I assumed that Kelly, you, one day you would like to take control of the holding company and supervise it for the benefits of you three sisters. As I have to start to consider the layout of the above mentioned holding company's structure, please give me your thoughts.

How's going these days! You OK?