This consolidated financial forecast is an optimal estimation based on current financial and business plans of the Company's management and the anticipation of the future business. The accounting policies adopted herein are consistent with consolidated financial reports.
IV. Statements of the Company may not completely achieve the consolidated financial forecast results as the consolidated financial forecasts are merely estimates:
The nature of this information reflects management's best estimation. Since business events and the operating environment may vary from expectations, differences often arise between forecast and actual results that can be quite significant. Thus, this consolidated financial forecast may not be completely achieved in the future and investors are advised to reference the significant accounting policies and the summary of basic assumptions regarding the forecast details. Further, with respect to the Company's forecast disposal of equity interest in the subsidiary, ChipMOS Shanghai, although all the necessary permissions and approvals of competent authorities have already been obtained, it nonetheless cannot be assured that this equity interest disposal transaction will be completely closed before the end of 1Q17 due to prevailing uncertainties, including but not limited to Mainland China's foreign investment and currency policies. If it is confirmed that the contemplated equity interest disposal transaction is unable to close on the projected schedule, the Company shall make an announcement pursuant as required under applicable laws as soon as possible.
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) ( http://www.chipmos.com ) is an industry leading provider of semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
This press release contains certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. These risks and uncertainties include those discussed under "Cautionary Statement Concerning Forward Looking Statements" and "Risk Factors" in the prospectus included in the registration statement on Form F-4 that ChipMOS filed with the U.S. SEC.
Contacts:
In Taiwan Dr. S.K. Chen ChipMOS TECHNOLOGIES INC. +886-6-507-7712 |
In the U.S. David Pasquale Global IR Partners +1-914-337-8801 |
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SOURCE ChipMOS TECHNOLOGIES INC.
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ChipMOS TECHNOLOGIES INC.
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