Actions
Semiconductor to Hold an Annual General Meeting on May 11, 2007
ZHUHAI,
China, April 15, 2007 - Actions Semiconductor Co., Ltd. (Nasdaq: ACTS), one
of
China’s leading fabless semiconductor companies that provides comprehensive
mixed-signal system-on-a-chip (SoC) and multimedia digital signal processing
(DSP) solutions for portable consumer electronics, today announced that it
will
hold an annual general meeting at Renaissance Shanghai Pudong Hotel on May
11,
2007.
Actions
Semiconductor seeks to obtain shareholders approval to renew the term of
its
class I directors, and adopt a share-based incentive plan to retain and attract
employees. The proposed plan is intended to replace a portion of the annual
cash
bonus that Actions currently awards its employees. Actions’ board of directors
believes the new compensation structure will align employees’ long- term
incentives with shareholders’ objectives while having limited impact on Actions’
financial results.
About
Actions Semiconductor
Actions
Semiconductor is one of China's leading fabless semiconductor companies that
provides mixed-signal and multimedia SoC solutions for portable consumer
electronics. Actions Semiconductor products include SoCs, firmware, software,
solution development kits, as well as detailed specifications of other required
components and the providers of those components. Actions Semiconductor also
provides total product and technology solutions that allow customers to quickly
introduce new portable consumer electronics to the mass market in a cost
effective way. The company is headquartered in Zhuhai, China, with offices
in
Beijing and Shenzhen. For more information, please visit the Actions
Semiconductor website at http://www.actions-semi.com.
"Safe
Harbor" Statement Under the Private Securities Litigation Reform Act of
1995
Statements
contained in this release that are not historical facts are forward-looking
statements, as that term is defined in the Private Securities Litigation
Reform
Act of 1995. Forward-looking statements, including financial projections
and
forecasts, involve risks and uncertainties that could cause Actions
Semiconductor's actual results to differ materially from our current
expectations. Factors that could cause Actions Semiconductor's results to
differ
materially from those set forth in these forward-looking statements include
customers' cancellation or modification of their orders; our failure to
accurately forecast demand for our products; the loss of, or a significant
reduction in orders from, any of our significant customers; fluctuations
in our
operating results; our inability to develop and sell new products; defects
in or
failures of our products; the expense and uncertainty involved in our customer
design-win efforts; the financial viability of the distributors of our products;
consumer demand; worldwide economic and political conditions; fluctuations
in
our costs to manufacture our products; our reliance on third parties to
manufacture, test, assemble and ship our products; our ability to retain
and
attract key personnel; our ability to compete with our competitors; and our
ability to protect our intellectual property rights and not infringe the
intellectual property rights of others. Other factors that may cause our
actual
results to differ from those set forth in the forward-looking statements
contained in this press release and that may affect our prospects in general
are
described in our filings with the Securities and Exchange Commission, including
our Registration Statement on Form F-1 related to our initial public offering
and secondary offering. Actions Semiconductor undertakes no obligation to
update
or revise forward-looking statements to reflect subsequent events or changed
assumptions or circumstances.
For
More Information
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Investor
Contacts:
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Suzanne
Craig or Lisa Laukkanen
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Calvin
Lau
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The
Blueshirt Group
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Director
of Investor Relations
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suzanne@blueshirtgroup.com
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Actions
Semiconductor
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lisa@blueshirtgroup.com
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+86-756
3392 353 *1018
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415-217-4962
or 415-217-4967
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Chung
Hsu
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Director
of Business Development
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Actions
Semiconductor
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Chung@actions-semi.com
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+86-756
3392 353 *1015
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