13th Oct 2006 07:31
Sunplus Technology Co Limited13 October 2006 Sunplus Shareholders' EGM Approved the Spin-off C&P BU, PE BU and Advanced BU into two 100% held subsidiaries Issued on: October 13th, 2006 Hsinchu Science Park, Taiwan, R.O.C. October 13, 2006 - Sunplus Technology Co.,Ltd. (SUNPLUS or the "Company") (TAIEX: 2401, LSE: SUPD), today held its 2ndshareholders' extraordinary general meeting at 9:00AM October 13th, 2006 in theAssociation of Industries in Hsinchu Science Park. During the meeting, theshareholders approved the spin-off of C&P BU, PE BU and Advanced BU. The C&P BU will be transferred to 100% owned subsidiary CP Technology Inc.*;meanwhile the PE BU and Advanced Bu will be spun off to another 100% ownedsubsidiary PE3G Technology Inc.*. Sunplus will keep developing more IC solutions in home entertainment area andthe core intellectual properties that will be licensed to affiliates to maximizeits value. The tentative record date of spin-off will be on December 1st, 2006. * CP Technology and PE3G Technology are temporary English names. About Sunplus Technology Sunplus Technology Company Limited, established in 1990, is an IC design companydevoted to electrical consumer applications. Sunplus offers not only IC designbut also system solutions to maximize customer's profit by differentiating eachdesign. Sunplus' reusable IP such as audio/video, microprocessor and digitalsignal processor technologies applied to hundreds of IC products such as DVDplayer/recorder, LCD driver/controller, game processor, camera controller,mobile media processor and ASICs that contributed to our quality life. Withsales of NT$18,781 million for 2005, Sunplus has a compound annual growth rateof over 30% over 5 years. For more information, please visit the Sunpluswebsite: www.sunplus.com. Press Contact: Sunplus SpokesmanWayne ShenTEL: 886-3-5786005 ext 2350FAX: 886-3-5786006E-mail: [email protected] Public Relations/Investor Relations:Ann LaiTEL: 886-3-5786005 ext 2202FAX: 886-3-5786006E-mail: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SUPD.L