Weltrend Board of Directors Meeting Resolutions
|Hsinchu, Taiwan, November 7, 2017 – Weltrend Semiconductor (TWSE: 2436) held a meeting of the Board of Directors today. At the meeting today, the Board of Directors passed the following resolutions:|
|Due to some of the issued shares of employee restricted stocks did not meet distribution criteria for the originally designated employee(s), Weltrend shall recall the shares of a total of 27,000 shares per issuance policy and results in capital reduction for the amount of NT$270,000. The record date is November 8, 2017 and the share capital after capital reduction is NT$2,225,730,000.|
|About Weltrend Semiconductor Inc.
Founded in 1989 in the "Silicon Valley of Taiwan", the Science-Based Industrial Park (SBIP) in Hsinchu, Weltrend (TAIEX: 2436) is a leading fabless semiconductor company, also known as IC design house, specializing in the planning, design, testing, application development and distribution of mixed-signal/digital IC products across multiple applications. For more information, please visit www.weltrend.com.