PANJIT International Inc. Announces Public Acquisition of Champion Microelectronic Corp. Shares at NT$80.8 per share

PANJIT International Inc. (listed company, stock code 2481, hereinafter referred to as PANJIT) held a board meeting today (Feb. 14th, 2022) to approve the public acquisition of common shares issued by Champion Microelectronic Corp. (listed company, stock code 3257, hereinafter referred to as Champion) at NT$80.8 per share. The public offer period is from Feb. 16th to Mar. 17th, 2022. The planned maximum number of the acquisition is 24 million shares (about 30% equity), and the minimum number of the acquisition is 4 million shares (about 5% equity). If the minimum number of shares to be acquired is reached, this public acquisition will be considered as completed.

The public acquisition price is based on the fairness opinion of independent expert, accountant Tu Shengjie, and also refers to the Champion's closing price of NT$68.5 on Feb. 14th, with a premium of 18.0%, and calculated on the average price of the previous 10, 20, 60 trading days, the premium rates also reached 22.18%, 22.72%, 20.27%, respectively; and the net value NT$20.85 per share on the financial statement of Sept. 30th, 2021.

PANJIT has been committed to the manufacturing of semiconductor discrete components, including diodes, Transient Voltage Suppressors (TVS) and transistors for a long period of time. In recent years, it has focused on the R&D of MOSFET, IGBT, FRED, Schottky, ESD Array and other related products, and deployed the wide-bandgap semiconductor material Silicon Carbide (SiC), which can be applied to high-end markets such as data centers, industrial control, automotive, electric vehicles and 5G.

PANJIT’s public acquisition of the common shares of Champion is mainly for financial investment purposes. Champion is a power management IC supplier, its products include power IC, power modules, field effect transistors, and fast recovery diodes. The main applications include: consumer, computer, and industrial, etc. Champion’s revenue in 2021 was NT$1.296 billion, its operating performance and profit have grown steadily in recent years. In addition to realize reasonable investment income in mid to long term, PANJIT also seeks further cooperation between the two parties through this investment, including but not limited to: expanding product portfolio, resource integration and other strategic alliance, in order to enhance the return on assets of both companies and shareholders' equity.

PANJIT Group is committed to the semiconductor industry, in the era of pursuing carbon neutrality, the development of green energy has brought great application opportunities to power semiconductors. PANJIT’s product development will be aiming at "improving performance, decreasing power consumption, reducing temperature", to continue to promote the goal of sustainable development.

Press contact: Tina Shen / Tim Hsieh
Company phone (direct line): 886- 7-9611105
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