Xinxing: Plans to dispose of all equity of Japanese subsidiary, Japan MEIKO is expected to take over

The board of directors of Unimicron (3037), the leading IC carrier board leader, today approved the disposal of the entire equity of its Japanese subsidiary UNIMICRON JAPAN. Unimicron said that based on the group's overall planning and operation, and considering the disposal, if the Japanese subsidiary UNIMICRON JAPAN is operated by a Japanese company, it may have positive benefits for employees' career development and corporate sustainable operations. After careful evaluation, the board of directors today resolved to authorize the chairman and directors of the subsidiary UMTC HOLDINGS LIMITED to sign a "Letter of Intent for Equity Transfer" with MEIKO ELECTRONICS regarding the disposal of all equity interests in the Japanese subsidiary UNIMICRON JAPAN and other related matters.

Xinxing stated that the specific transaction conditions of the cooperation still need to be negotiated by both parties, and will be submitted to the boards of directors of both parties for discussion and resolution before a formal contract can be signed. This time, only the intention to cooperate is signed. The specific transaction conditions of the cooperation will be subject to the formal contract signed by both parties, and are yet to be negotiated by both parties and submitted to the boards of directors of both parties for discussion and resolution.