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(Henry). Eastimpex owns the exclusive worldwide distribution
rights to Shin products. During the years in issue, Eastimpex's
gross sales were about $20 million, and Shin products accounted
for 25 percent of Eastimpex's sales.
While in college in the United States, petitioner husband
began selling food manufactured by Shin. After college,
petitioner husband returned to his family in Taiwan to work at
Shin for about a year. At Shin, petitioner husband worked on the
manufacturing line and at the head office in export sales,
soliciting customer orders. In the early 1970's, petitioner
husband returned to the United States with petitioner wife to
work as a sales representative for Shin.
Henry began Shin with Lily Chan (Lily), petitioner husband's
mother. Lily and Henry had three children, petitioner husband
and two daughters (the Lily Chan family). Henry also had four
children from his marriage to Wan Yang Chen (the Wan Yang Chen
family).
When Shin began, Lily and Henry held the majority of Shin
stock, and Henry worked as Shin's general manager. Their two
daughters were each given 10 percent of Shin. They did not
participate in the management of Shin during the years in issue
and initially received the stock in order to increase the number
of shareholders. At Shin's inception, petitioner husband was not
made a shareholder because he was attending school in Hong Kong.
Stanley Lee (Stanley), Henry's former son-in-law through a
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Last modified: May 25, 2011