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LTC Capital/Financing Update 2013

Mar 29, 2013

51997_rns_2013-03-29_c2832ef0-430f-45ff-8b35-a334089fd63e.pdf

Capital/Financing Update

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Lite-On Technology

Safe Harbor Notice

Lite-On Technology’s statement of its current expectations are forward-looking statements which are subject to significant risks and uncertainties. Actual results may differ materially from those contained in any forward-looking statements.

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Transaction Overview

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Acquiring LOIT’s Outstanding Shares

Lite-On is commencing a cash tender offer to acquire 58% of Lite-On IT (8008.TW) stake via Baoyuan, 100% owned subsidiary.

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Stage 1. Stage 2.
Baoyuan to acquire 58% of LOIT stake Lite-On to merge Baoyuan
Lite-On
Acquires 42% Lite-On Lite-On
LOIT Shares
100% 100%
Baoyuan
Baoyuan LOIT
Other
Acquires
Share
LOIT 58%
100%
Holders
Shares
LOIT LOIT
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Transaction Details

  • Lite-On current holding: 42% of LOIT Stake

  • TO price per share: NT$32.75

  • Shares to be acquired: 532.9M Shares

  • Transaction amount: up to NT$17,452mln

  • TO period: Jan. 31[st] to Mar. 15[th] , 2013

  • TO settlement date: Mar. 22[nd] , 2013

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LOIT Company Profile

LOIT, A Global Leading Storage Provider

1. Founded Date: 1999/03/23

2. Listing Date: 2004/11/05

3. Stock Code: 8008.TW

4. Market Cap: NTD 23 Billion

5. Book Value Per Share: NTD 24.89 (2012/09/30)

6. Product Portfolio:

Optical Disk Drives (ODD) Solid-State Drives (SSD)

Automotive Electronics (AE) Medical & Biotech Analyzer (MB)

Synergies of The Transaction

  • To provide the full range of products to global brands and materialize the cross-selling opportunities in Cloud, Automotive and Medical & Biotech applications.

  • Immediate enhancement on Lite-On’s EPS and ROE, coupled with cost efficiency and operational improvement through economic scale and corporate integration.

  • By 100% cash buyout, no dilution to Lite-On capital structure.

  • With the same management scheme and BOD in place, that facilitates the integration for further re-alignment and operational efficiency.

THANK YOU

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