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As for Vietnam, Taiwan businessmen currently have 2,665 issues of local investments, mainly in Ho Chi
                  Minh City, Binh Duong Province and Dong Nai Province, accounting for more than 60% of the total. Vietnam
                  is a country second only to mainland China in terms of investment by Taiwan businessmen. The Machinery
                  Association expected to secure the establishment of one special machinery industry area for Taiwan
                  businessmen to facilitate investment. At present, Vietnam is facing rising labor costs, rising labor awareness, and
                  imperfect industrial settlements. Taiwan Association of Machinery Industry said, it must do everything by itself,
                  and so that it is not the best time to invest and set up factories there. Vietnam, because of the incomplete supply
                  chain, it is more suitable to set up marketing centers or maintenance centers.

                  Taiwan Association of Machinery Industry, has set an ambitious goal to achieve a total annual output value of
                  NT$ 2 trillion by 2025. Strongly urge the government to assist the industry in developing the “Taiwan Machinery
                  Cloud”, which is highly valued by relevant public units of Taiwan government. It has planned to spend NT$ 1.6
                  billion in research fund in the next 4 years. Entrusted the Industrial Research Institute, Precision Machinery
                  Center, Metal Center and the Institute of Information Technology to establish industrial application examples of
                  metal cutting, metal forming, rubber and plastics, electronic processing, woodworking and laser processing, etc.
                  In the future, it is ready planning to invest in the continuous deepening study of “Taiwan Machinery Cloud”, and
                  application service technologies such as AI and 5G to assist Taiwan machinery industry to fully upgrade and to
                  expand the industry to be great again.

                  In 2019, Taiwan machine tool industry is generally caught in dilemma of lost the orders, draw-back the customer
                  orders, and insufficient operating volume. The revenue of listed cabinet manufacturers has fallen by 2%-3%, and
                  even the phenomenon of cuts abound overall. In order to seek increasing the amount of orders, the phenomenon
                  of attending the International Machine Tool Show was particularly warm last year, especially the world’s largest
                  Machine Tool Show in European “EMO Hannover Exhibition” was held in September 2019. According to the
                  statistics of EMO Hannover 2019 Exhibition organizer, there were total of 2,209 manufacturers coming from
                  around the world participated in the exhibition, with 831 local manufacturers of Germany, accounting for 37.6%.
                  There were 1,378 manufacturers from outside, with 233 manufacturers of Mainland China, it was ranking the first,
                  in accounting for 10.5%, and the second was Italy with 231 manufacturers, accounting for 10.5%. Taiwan ranked
                  the third, with 220 manufacturers to participate in the exhibition, in accounting for 10%.

                  The most representative exhibitor of Taiwan delegation is FAIR FRIEND ENT., CO. (FFG Group) which integrates
                  member manufacturers and acquired German, Italian, Swiss, American, Japanese, and Korean brands, and it
                  has contracted all the building of No.14 halls, which can be using exhibition area up to 6,000 square meters.
                  Other major exhibitors which included Victor Taichung Machinery Works Co., YCM Technology Co., DAHLIH
                  Machinery Industry Co., GOODWAY Machine Corp., Quaser Machine Tools Inc., SHE HONG Industrial Co., Far
                  East Machinery Co., KAO FONG Machinery Co., AWEA Mechantronic Co., Tong Tai Machine & Tool Co., Litz
                  Hitech Corp., CHMER Industrial Co., WELE Mechantronic Co., YOU JI Machine Industrial Co.

                  The exhibitors of machine components and parts which included HIWIN Technologies Corp., KEYARROW
                  Taiwan Co., GSA Technology Co., HABOR PRECISION Inc., TUNG PEI Industrial Co., etc. All the Taiwan
                  exhibitors were devoting to do their best, to demonstrate the latest created new products of intelligent machine
                  tools, fully automated production lines, large-scale gantry machines, five-axis machining machines, turning and
                  milling machines, and other high-end and high-priced models, as well as key components of machine tools, in
                  order to strive for large orders into bag.

                  In terms of results about EMO 2019 Exhibition, Taiwan exhibitors generally felt that the number of visitors to
                  the exhibition was not as much as expected, and the effect was not good as the previous one. Especially in the

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