Just Now, The Mediatek Announced The Morning Star Business Transfer Resolution. The Integration Will Be Completed In January 1st Next Year.

Set microgrid news, MIDK today convened a press conference to replace the subsidiary Morningstar Semiconductor to explain the board's decision. A spokesman for MIDK said that the relevant proposals were due to the integration of Morningstar Semiconductor and the organizational adjustment within the group, which had no impact on the main company's consolidation results and shareholder decisions.

The board of directors of Morningstar Semiconductor passed a simple merger on April 27 this year. The benchmark date will be January 1, 2019, and a new business group will be set up in the company. Combining the advantages of both products and technologies, the company will continue to strengthen investment in technology and products. To provide more complete and competitive products and services to global customers.

In addition, in order to further optimize the group's resources, Morningstar Semiconductor held a board meeting today and reached the following decision:

1. Morningstar Semiconductor Touch related products have been transferred to Taiwan Yili Technologies Group, with a net asset of about 46.7 million NT dollars, accounting for about 0.02% of the Group's net assets, and the expected completion date is October 1, 2018.

2. The related products of Morningstar Semiconductor STB have been transferred to Taiwan Morningstar International Science and Technology Group Company. The related net assets are about NT $1.694 billion, accounting for about 0.7% of the Group's net assets, and the expected completion date is December 31, 2018.

MedEx said that the above procedures are part of the integration of MedEx and Morningstar Semiconductor, belonging to the group's internal organizational adjustment, and have no impact on consolidated financial statements and shareholders'rights and interests. The current integration with Morningstar Semiconductor is progressing smoothly according to the original plan. The subsequent announcement will be made in accordance with relevant provisions. The expected completion date of the integration is 2019. January 1st of this year.