Shares of Solomon Systech Commence Dealings Today on Main Board

Share Price Closes at HK$1.86 Per Share 6.3% Higher Than The Offer Price

(Hong Kong, April 8, 2004) – Shares of Solomon Systech (International) Limited (“Solomon Systech” or “the Group”; SEHK 2878), an independent fabless semiconductor company specializing in the design, development and sale of proprietary integrated circuit (“IC”) solutions, commenced trading today on the Main Board of The Stock Exchange of Hong Kong Limited.

 

Solomon Systech’s shares were actively traded with a record intra-day high of HK$1.97 per share and closed at HK$1.86 per share, 6.3% higher than the Offer Price of HK$1.75.  A total of approximately 122.04 million shares were traded, amounting to approximately HK$231.29 million.

 

Mr. Humphrey Leung, President and Managing Director of Solomon Systech, said, “Today is an extremely important day for Solomon Systech.  Our successful listing not only testifies to the efforts we made over the years, but also reaffirms the broad direction that the company  is taking.  I would like to thank our investors for their support and confidence in Solomon Systech.  To reciprocate, we will continue to secure business growth to enhance shareholders’ returns.”

 

To cope with the continuous growth of the business, Solomon Systech will devote more resources to the research and development of products and intellectual properties, keeping itself at the forefront of the global market. 

 

Mr. Leung concluded, “The boom in demand for flat panel display solutions is only just beginning. Looking ahead, we are committed to developing new IC display technologies, expanding applications and capturing technology trends as they emerge. I have every confidence that the Group’s further successes will enjoy excellent prospects for growth in the future”.