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2012-03-22
Date of events:2012/03/22
Contents:
1.Date of the board of directors resolution:2012/03/22
2.Types of the private placement: common shares, preferred shares, convertible bonds
3.Buyers of the private placement and their relationships with the company:
The strategic investors, including individual or corporation, will be chosen under Article 43-6 of the Securities and Exchange Law
4.Number of shares or bonds privately placed: No more than 200,000,000 shares (including the shares converted from convertible bond)
5.Total monetary amount of the private placement:
Total monetary amount is subject to actual pricing of private placement.
6.The pricing basis of private placement and its reasonableness:
The price of the private placement would be set on the basis not lower than 80% of the higher of the following 2 prices:
(1)1-day, 3-day, or 5-day simple average market closing price prior to pricing date, minus dividends, plus any de-capitalization.
(2)30-day simple average market closing price prior to pricing date, minus dividends, plus any de-capitalization.
7.Use of the funds raised in the private placement:
To support working capital need and strengthen financial structure.
8.Reasons for conducting non-public offerings:
In order for the company to receive operation funds in a timely and efficiently manner, the company has proposed conducting a private placement.
9.Objections or qualified opinions from independent Board of Directors :None
10.Date of pricing:N/A
11.Recommended price:N/A
12.Shares price, conversion or subscription price:N/A
13.Rights and obligations of the new private placement shares:
The new private placement securities may go IPO after the 3-year lock up period.
14.The record date for share conversion, if conversion, exchange, or subscription rights are attached:N/A
15.Possible dilution of equity, if conversion, exchange, or subscription rights are attached:N/A
16.Any other matters that need to be specified:N/A


About MTI
Microelectronics Technology Inc. (MTI) is a technology company specialized in wireless communication product development, manufacturing and global sales for more than 29 years. Based on the core competence in microwave and RF technology, MTI has established a leading position in the fields of microwave radios, satellite ODUs and receivers, mobile base station components and broadband wireless access products. With this excellent record of accomplishment, MTI has established long-term partnerships with world’s leading communication equipment providers. For more information, please visit www..
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