UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Garmin Ltd. (Name of Issuer) Common Shares (Title of Class of Securities) G37260 10 9 (CUSIP Number) December 31, 2002 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. G37260 10 9 Page 2 of 5 pages 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only) Ruey-Jeng Kao 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] 3 SEC Use Only 4 Citizenship or Place of Organization ....................... Taiwan Number of 5 Sole Voting Power........................ 6,973,381 Shared Beneficially 6 Shared Voting Power...................... -0- Owned by Each 7 Sole Dispositive Power................... 6,973,381 Reporting Person 8 Shared Dispositive Power................. -0- With 9 Aggregate Amount Beneficially Owned by Each Reporting Person.. 6,973,381 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares.. [ ] 11 Percent of Class Represented by Amount in Row (9)................. 6.5% 12 Type of Reporting Person.......................................... IN CUSIP No. G37260 10 9 Page 3 of 5 pages Item 1(a) Name of Issuer: Garmin Ltd. Item 1(b) Address of Issuer's Principal Executive Offices: 5th Floor Harbour Place, P.O. Box 30464 SMB, 103 South Church Street, George Town, Grand Cayman, Cayman Islands Item 2(a) Name of Persons Filing: Ruey-Jeng Kao Item 2(b) Address of Principal Business Office or, if none, Residence: 8th Floor, 132, Hsinyi Road, Section 3, Taipei, Taiwan Item 2(c) Citizenship: Taiwan Item 2(d) Title of Class of Securities: Common Shares Item 2(e) CUSIP Number: G37260 10 9 Item 3. If this statement is filed pursuant to ss. ss. 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) [ ] Bank is defined in section 3(a)(6) of the Act(15 U.S.C. 78c); (c) [ ] Insurance company as defined in section 3(a)(19)of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) [ ] An investment adviser in accordance with ss.240.13d-1(b) (1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with ss. 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with ss. 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); CUSIP No. G37260 10 9 Page 4 of 5 pages (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J). [ X ] Not applicable. Item 4. Ownership (a) Amount beneficially owned: 6,973,381 (b) Percent of class: 6.5% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 6,973,381 (ii) shared power to vote or to direct the vote: -0- (iii) sole power to dispose or to direct the disposition of: 6,973,381 (iv) shared power to dispose or to direct the disposition of: -0- Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. [ ] Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group Not Applicable Item 10. Certification Not Applicable SIGNATURES CUSIP No. G37260 10 9 Page 5 of 5 pages After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 30, 2003 By: /s/ Ruey-Jeng Kao Name: Ruey-Jeng Kao