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VIS Philosophy
Letter to Shareholders
Brief Introduction To VIS
Corporate Governance
Operational Highlights
Financing Plans and Implementation
Financial Statements
Analysis of Financial Position And Operating Results
Special Notes
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  1. Affiliates Informantion
  2. Internal Control System Execution Status
  3. Major issues of record or written statements made by
    any director or supervisor which specified his/her dissent
    to important resolutions passed by the Board of Directors
    during 2003 or the period from January 1, 2003 to
    March 15, 2004
  4. Private Placement Securities
  5. Balance of VIS Common Shares acquired, disposed of and
    held by subsidiaries: None
  6. Summary of Major Decisions Reached by Annual General
    Meeting of Shareholders and Meetings of the Board of
    Directors
  7. Regulatory Authorities' Legal Penalties to the Company,
    and the Company's Resulting Punishment of its Employees
  8. Other Necessary Supplement
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