ChipMOS Announces $10M Share Repurchase Program

ChipMOS TECHNOLOGIES IMOS today announced it would effect a new US$10 million share repurchase program in compliance with Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company's Board of Directors on August 10, 2012 authorized the management to commence evaluation of a new share repurchase plan to replace the existing share repurchase plan adopted in November 2011. The existing share repurchase plan will be terminated effective August 20, 2012. Information on the existing share repurchase plan was disclosed on Company's press release dated November 18, 2011. Under the new share repurchase plan, shares will be repurchased pursuant to a written plan agreed to and entered into between the Company and its broker. The plan specifies the total value of shares of the Company's common stock that may be repurchased and the prices at which the repurchases may occur, subject to the terms and conditions of the plan and applicable law requirements. Purchases under the plan are subject to certain pricing parameters that depend in part upon market prices that fluctuate. Therefore there is no guarantee as to the number of shares that may be repurchased under the plan. The repurchased shares will be retired and cancelled.