2004 Press Releases

Hsinchu, Taiwan - Accton is to clarify the inaccurate news reported on ERA News on 2004/06/27 11:00PM, by Mr. Hsieh Jing-Ho, Chairman of Wealth Magazine. Hsieh mistakenly commented on Accton's insufficient shares of board of directors whereas the truth is the total shares of directorate are 29,357,806 shares, which have reached the statutory percentage shares (more than 5% of the capital stock.)

Furthermore, on the 2004 shareholders meeting (June 1st), the amendment to the adding to independent board of directors has been approved and new independent board of directors come out—Mr. Loh Kin Wah, President of Infineon technology Asia Pacific Ptd Ltd., possessing rich experiences in IC design & manufacturing, telecommunication and networking fields; Mr. Chien Fong, Executive Vice President of Taiwan Fixed Network and Mr. Ronald Alexander Sege, Vice President of 3Com Corporation. The administration and management of Accton will be moving onward through the professions of the three independent boards of directors.

Accton's operating team is generated neither from family-based nor syndicate but from ITIS. Everyone works assiduously and shares the glory. For the past 16 years, Accton never made any illegal financial manipulation. Besides, the operating team has been maintaining the balance percentage of shares since founded and never illegitimately sold stock shares. Accton bought back 3000 company's equities in November 2003 in order to meet the regulation. Accton makes a statement publicly; the mass media is requested to investigate to prevent from incorrect relay of erroneous messages.