HSINCHU, Taiwan, Oct. 1 /Xinhua-PRNewswire-FirstCall/ -- Mr. Shih-Jye Cheng, chairman and chief executive officer of ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS” or the “Company”) (Nasdaq: IMOS) was found not guilty for the first instance today by the Taipei District Court (the “Court”) of misuse of corporate funds. Mr. Cheng was indicted by the Taipei District Prosecutor’s Office (the “Prosecutor”) in December 2005, which alleged that Mr. Shih-Jye Cheng purchased repurchase notes in January 2004 from Founder Associates Limited, a company affiliated with Mega Securities Co., Ltd. (formerly known as Barits International Securities Co., Ltd.), with an aggregate principal amount of approximately US$29 million by improperly using corporate funds from ChipMOS Technologies Inc., a wholly-owned subsidiary of ChipMOS (ChipMOS Taiwan) and ThaiLin Semiconductor Corp.
The Court decided today that Mr. Cheng is not guilty for the first instance. The decision is subject to the Prosecutor’s appeal to a higher court.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS ( http://www.chipmos.com/ ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.
For more information, please contact:
In Taiwan R.O.C.
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
Tel: +886-6-507-7712
Email: s.k._chen@chipmos.com
In the U.S.
David Pasquale
The Ruth Group
Tel: +1-646-536-7006
Email: dpasquale@theruthgroup.com
