Chunghwa Picture Tubes (Malaysia) Sdn. Bhd. (CPTM) would enter into a Sale & Purchase agreement with Dijaya Corporation Berhad (KLSE: 5401; DIJACOR) and receive a total cash consideration of RM391 million (or the equivalent of NT$3,572 million preliminarily) by selling the real properties today (2011/6/8). This property transaction will be completed by the end of the 4th quarter of 2011.

 Moreover, Chunghwa Picture Tube, Ltd. (2475; abbreviated as “CPT”) would close CRT-manufacturing plant in Malaysia as well as dispose of production plant, real property, long-term investment, and all relevant assets by the end of fiscal year 2011.

 Looking back at 40 years of CPT, it not only overcame CRT initial start-up difficulties but also reached a peak of success. Due to the trend of industrial upgrading and technology improvement, CPT ended the CRT business. However, the missions of pursuing for profitability, innovating technology, and enriching visual life are still extended. Moreover, CPT continuously strives to achieve organic growth and transformational development as well as enhance product-mix flexibility and value-added products. CPT hereby pronounces proactively involving in S&M-sized business and TSP development to effectively improve profit margins.

 Note: NTD/RM exchange rate of 9.1355 at the end of May.