News Release

December 15, 2011

FOR IMMEDIATE RELEASE

Powertech makes a tender offer

for the common shares of Greatek

For the purposes of planning future development strategy, enhancing operating efficiency and strengthening competitiveness in the industry, Powertech Technology Inc. (trading number: 6239, hereinafter “Powertech”) held the third meeting of the sixth board on December 15, which has approved a tender offer of NT$25.28 per share for the common shares of Greatek Electronic Inc. (trading number: 2441, hereinafter “Greatek”). During the tender offer period from Dec. 16, 2011 to Feb. 3, 2012, the conditions for the tender offer include that the number of shares to be acquired through tender offer is equal or more than the planned minimum number of shares of 166,061,377 (30% of outstanding shares of Greatek) and that the tender offer is approved by relevant competent authorities.

Greatek, established on Mar. 7, 1983, specializes in semiconductor packaging and testing services. The main products of semiconductor packaging include P-DIP, SOP, SOJ, SSOP, TSSOP, MSOP, QFP, LQFP, TQFP, PLCC, TO and QFN, and the main services of testing are circuit probing and final test. In addition, Greatek owns two factories at Zhunan in Miaoli County, Taiwan (R.O.C.), and has more than 2,500 employees.

Powertech aims to establish closer alliance with Greatek through the tender offer. It is expected that cross support of production between Powertech and Greatek would improve customer satisfaction to the completeness of product, total solution provided, and further increase consolidated revenue. Furthermore, the reduced cost and increased revenue as the consequence of alliance will lead to improved technological efficiency, market competitiveness of various products and growth of financial performance. The managements are optimistic that positive changes on enterprise value and return on equity of both companies is foreseeable.

The proposed minimum and maximum number shares to be acquired through tender offer are 166,061,377(30% of outstanding shares of Greatek) and 282,304,340(51% of outstanding shares of Greatek). According to the price of tender offer and maximum number shares to be acquired, the total amount of tender offer will reach up to NT$7.137 billion.

Grand Cathay Securities is commissioned to serve as the financial adviser and PWC Legal is commissioned to serve as the legal consultant of offeror in the tender offer.

About Powertech

Established at 1997, Powertech is a global industrial leader in IC packaging field. Its services include packaging, testing and distribution of finished products. Powertech has more than 6,000 employees worldwide, and has several global-scale facilities at Hsinchu Industrial Park, Hsinchu Science-Based Park and Suzhou Industrial Park. With advanced technology and global level capacity, Powertech provides products with best quality through continuous improvement in operation and utilization of strategic alliance. Due to the more-than-50% compound growth rate in the past 10 years, Powertech is now the fifth largest IC packaging-testing service provider and the number one memory products manufacturer. By providing comprehensive service to top IDM and IC design companies, Powertech exhibits its outstanding capacity and manufacturing expertise. Please refer to http://www.pti.com.tw for more information.

Spokesman
Evan Tseng
Tel: +886-3-598-0300
E-mail: / Deputy Spokesman
P.C. Lee
Tel: +886-3-598-0300
E-mail: