Press Release

The Development of the CHIMEI Brand will Not be Affected by the Merger between Innolux and Chi Mei Optoelectronics

On the morning of November 14, a share-swap merger was announced between Chi Mei Optoelectronics Corp. and Innolux Display Corp., with Innolux as the surviving company. After the merger, the company will be renamed Chimei Innolux Corporation.
Nexgen Mediatech Inc., the Chi Mei Group member company that is responsible for the marketing of “CHIMEI” branded terminal products, wishes to issue the following statement: 
1. Developing the CHIMEI brand has been a longstanding goal of the Chi Mei Group. This merger between two outstanding companies will help to create synergy and enhanced competitiveness. Innolux possesses unique competitive advantage from its vertical integration of LCD panel manufacturing and system product manufacturing, and from its focus on ODM operations. The current and future operations and goals of the CHIMEI brand will not be affected in any way by this merger. 
2. The synergy and enhanced supply chain competitiveness that result from this merger will help the CHIMEI brand in its development of the LCD TV and LCD monitor markets. CHIMEI will be able to build on the solid foundations that have already been established to further develop its product line and grow its global brand.



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