2012/08/28
Taoyuan, Taiwan, August 28th, 2012 – Nanya Technology Corporation (TAIEX: 2408) hereby claims that the following resolutions well passed by the Board of Nanya Technology Corporation.
1. Dr. Jih Lien has been elected as the Vice Chairman of Nanya Technology Corporation effective August 28th, 2012. 2. Nanya Director Mr. Charles Kau was appointed as President of the company effective September 1st, 2012, succeeding Dr. Jih Lien. 3. The board of Nanya Technology Corporation has also approved the proposal of the sales of new common stocks of 3.8 billion shares through a private placement. The company plan to receive a total amount of NT$ 6.46 billion on the 7th of September, 2012 from Nan Ya Plastics Corporation (the juristic director of NTC) and other placees regulated by Article 43-6 of the Securities and Exchange Act. at NT$ 1.7 per share. The fund is mainly for the improvement of financial structure and the increase of working capital.
Nanya Technology Corporation, a member of the Formosa Plastics Group, is a global leader in advanced memory semiconductors, focusing on research and development, design, manufacturing, and sales of DRAM products. Nanya constantly launches diversified specialty products and plans to enlarge market share in the high value-added DRAM market segment. NTC’s common stock is traded on the Taiwan Stock Exchange Corporation (TSEC) under the 2408 symbol. The company currently owns 300mm fabrication facility in Taiwan and starts its 30nm stack process technology mass production in year 2012. The company also has a 300mm joint venture, Inotera Memories, Inc., which operates two 300mm fabrication facilities in Taiwan. Further information is available athttp://www.nanya.com。