Apeace Seeks Win-Win Measures with Minority Shareholders... Accelerates Responsible Management

[Asia Economy Reporter Kwangho Lee] A-FACT, a comprehensive semiconductor testing specialist company, announced on the 6th that it is seeking ways to coexist with minority shareholders.

A company official stated, "Despite being a great opportunity for the company to grow to the next level, A-FACT's stock price has been weak due to the recent deterioration of the global economic situation and the downturn in the semiconductor market," adding, "In the current situation of the stock price and the upcoming large-scale paid-in capital increase to raise funds for business acquisition, we have received requests from the minority shareholders' council to implement measures that can enhance shareholder value and alleviate concerns about the infringement of minority shareholders' rights during the capital increase."

He continued, "A-FACT explained that the paid-in capital increase is inevitable for the business acquisition aimed at the company's growth and development and requested active cooperation for the company's growth," adding, "We expressed our commitment to responsible management and future growth and will positively review the requests from the minority shareholders' council to find mutually beneficial solutions and implement them soon."

Recently, A-FACT signed a contract to acquire the semiconductor back-end packaging business from AT Semicon, laying the foundation for its leap as a comprehensive semiconductor back-end company. The agenda for the business acquisition is scheduled to be processed at the extraordinary general meeting of shareholders on October 12, and practical consultations with AT Semicon are currently underway for the business acquisition.