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Jul 14, 2006
ChipMOS ANNOUNCES ITS REGAINING COMPLIANCE WITH NASDAQ REQUIREMENTS
ChipMOS ANNOUNCES ITS REGAINING COMPLIANCE WITH NASDAQ REQUIREMENTS
ChipMOS ANNOUNCES ITS REGAINING COMPLIANCE WITH NASDAQ REQUIREMENTSHSINCHU, Taiwan, July 14, 2006 - ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS) announced today that, on July 10, 2006, the board of directors of ChipMOS appointed Mr. Takaki Yamada, President of OKI Semiconductor Manufacturing Company and Assistant Operation Officer of OKI Semiconductor Group, as an independent director to the board of directors to fill the existing vacancy on the board. At a meeting of the board of directors of ChipMOS on June 29, 2006, the board of directors also appointed Mr. Rong Hsu, one of the Company's independent directors, to fill the vacancy on the audit committee.
The Company received a Nasdaq staff letter dated July 13, 2006 confirming that with the appointment of Mr. Yamada to the board of directors and the appointment of Mr. Hsu to the audit committee, the Company has a majority of the board being comprised of independent directors and an audit committee comprising of three independent directors and thus complies with the requirements under Nasdaq Marketplace Rules 4350©(1) and 4350(d)(2)(a).
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS ( http://www.chipmos.com.tw/ ) 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.
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.
The Company received a Nasdaq staff letter dated July 13, 2006 confirming that with the appointment of Mr. Yamada to the board of directors and the appointment of Mr. Hsu to the audit committee, the Company has a majority of the board being comprised of independent directors and an audit committee comprising of three independent directors and thus complies with the requirements under Nasdaq Marketplace Rules 4350©(1) and 4350(d)(2)(a).
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS ( http://www.chipmos.com.tw/ ) 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.
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.