content_image/292297.jpg content_image/292315.jpg content_image/292318.jpg content_image/292317.jpg
## 20. Net Income Per Share 

Basic net income (loss) per share (“EPS”) for the years ended March 31, 2010 and 2009 was as follows: 

<img src='content_image/292297.jpg'>

Diluted EPS is not disclosed because of the Company’s net loss position in 2010. 

Diluted EPS is not disclosed because it is anti-dilutive in 2009. 

## 21. Subsequent Events 

## a. Sun Wave Corporation Becoming a Subsidiary of the Group 

The Company acquired Sun Wave Corporation (“Sun Wave”) on April 1, 2010 through a share exchange scheme based on the Share Exchange Agreement signed with Sun Wave on December 14, 2009. The Company transferred 12,523,000 shares of Sun Wave (equal to approximately 20.04% of Sun Wave’s total shares outstanding) to Nisshin Steel Co., Ltd. (“Nisshin Steel”) on April 7, 2010 based on the Share Transfer Contract signed with Nisshin Steel on December 14, 2009. As a result, Sun Wave, which was an equity method affiliate prior to the transaction, became one of the consolidated subsidiaries of the Company. 

## (1) Information of share exchange with Sun Wave 

1. Overview of the acquired company, major reasons for the acquisition, date of the acquisition, a legal form of the acquisi- tion, name of the acquired company after the acquisition and ownership ratio acquired 

(a) The name of the acquired company and its business (as of December 31, 2009) 

<img src='content_image/292315.jpg'>

(b) Major reasons for the acquisition 

 The Company and Sun Wave signed a business and capi- tal alliance contract on June 8, 2009 and the Company acquired 18,750,000 shares of Sun Wave (equal to 

approximately 29.98% of Sun Wave’s total shares out- standing at the time acquired) in order to pursue synergy effects in the areas of product development, purchasing materials, production, distribution, installation and after- sales services. However, due to the severe business envi- ronment with deteriorating new housing starts and sluggish demand in the renovation market, the companies decided best to have Sun Wave become a subsidiary of the Com- pany through the share exchange in order to pursue stra- tegic unity of the Group with speed to maximize synergy effects. 

(c) Date of the acquisition 

April 1, 2010 

(d) Legal form of the acquisition and name of the acquired company after the acquisition 

Legal form: Share exchange 

Name of the company after the acquisition: Sun Wave Corporation 

(e) Percentage of ownership ratio acquired 

<img src='content_image/292318.jpg'>

2. Acquisition cost and its breakdown 

<img src='content_image/292317.jpg'>

