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ASE Announces the Tender Offer of SPIL Was Unsuccessful

Published: Mar 17,2016

Advanced Semiconductor Engineering, Inc. ("ASE") announced today that the tender offer by ASE for common shares of Siliconware Precision Industries Co., Ltd. ("SPIL"), launched on December 29, 2015, was unsuccessful due to failure to satisfy the tender offer conditions, as ASE did not receive approval from the Taiwan Fair Trade Commission ("FTC") for the proposed combination between ASE and SPIL before the expiration of the tender offer.

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ASE said in its press release that the company deeply regrets not being able to purchase shares from all participating SPIL shareholders due to the FTC not approving the proposed combination before the expiration date of this tender offer. ASE has instructed its tender agents to return all shares to participating SPIL shareholders as soon as possible.

ASE also noted that ASE's acquisition of an equity interest in SPIL was aimed at seeking cooperation with SPIL in order to consolidate both parties' resources and excellent teams.

In so doing, both parties could grasp the opportunity of next-generation packaging and testing technologies, welcome the arrival of the "Internet of things" and miniaturization, and jointly create a new blue ocean for the Taiwanese packaging and testing industry against a backdrop of intensifying competition in the global semiconductor industry from IDMs and OSATs.

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