AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today held a meeting of the Board of Directors on Aug. 20, 2010, at which the Board approved a resolution establishing a joint venture of TFT-LCD TV panel module production with Wistron Corporation at “Wistron Optical Campus” of the Zhongshan Torch Hi-tech Industrial Development Zone in Guangdong, China. The new business model of allying with one of the world's leading ODM manufacturers will hopefully help not only broaden customer base, but also provide in-time and value-added services for customers by joining the strengths from both sides. Total solutions for design integration are included to bring about long-term benefits for AUO and Wistron, seizing global business opportunities together.
The Board of Directors of AUO and Wistron approved establishing the joint venture with a registered capital of no more than US$ 10 million. AUO and Wistron will own 51% and 49% of the shareholding of the joint venture respectively. The joint venture will tentatively be named Zhongshan BriVision Optronics Corporation.
If the investment plan is approved by the relevant authority, AUO's presence of module plants in the China market will be more complete. With services covering East China, South China, North China and Southwest China, AUO will be able to more closely respond to customer requirements and strengthen its quality of services.
Corporate Communications Division
AU Optronics Corp.
No.1, Li-Hsin RD 2, Science-Based Industrial Park,
Hsinchu City 300, Taiwan, R.O.C.