Lite-On Technology (hereinafter “Lite-On”, 2301.TW) announced today that its Board of Directors has approved to revise the consolidation plan with Lite-On IT Co., Ltd. (hereinafter “Lite-On IT”, 8008.TW), and there is no share exchange plan in the future. As of May 7, 2013, Lite-On has acquired 93.76% of total outstanding shares of Lite-On IT. As such, Lite-On IT has qualified to proceed with mandatory delisting, pursuant to the Paragraph 50-1 of Operating Rules of the Taiwan Stock Exchange Corporation ("TWSE"). The delisting timeline will be subject to the related regulations and the review process of TWSE. Lite-On shall commit to acquiring the remaining outstanding shares of Lite-On IT within one month from the delisting day for a period of 50 days, pursuant to the regulations of TWSE.

Lite-On continues the consolidation of Lite-On IT and there is no impact to the integration and corporations between the two companies. By means of reinforcing the corporate resource integration, optimizing economies of scale, broadening the product offering, improving cost efficiency and strengthening the competitiveness, Lite-On and Lite-On IT will further enhance the overall performance, corporate value, corporate governance, shareholder’s interests as well as return on equity.


Contact:
Lite-On
Julia Wang
Director, Investor and Public Relations
Tel: +886-2-8798-2888
LiteOnTech.PR@yizhaojr.com