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Actions Semiconductor Announces Annual General Meeting Results

May 6, 2014

ZHUHAI, China, May 6, 2014 /PRNewswire/ — Actions Semiconductor Co., Ltd. (NASDAQ: ACTS), (“the Company”), one of China’s leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics, today announced the results from its Annual General Meeting (AGM) held on May 6, 2014.

Shareholders approved the following resolutions proposed in the AGM notice:

    --  The re-election of the Company's Class II Director, Mr. Jun-Tse (Walter)
        Huang for another three-year term until its 2017 Annual General Meeting.
    --  The adoption of the Second Amended and Restated Articles of Association
        which amend and restate the Company's currently effective articles of
        association to, among other things, decrease the number of directors on
        the Company's Board of Directors from seven (7) to five (5).
    --  All repurchases by the Company from time to time of its Ordinary Shares
        and American Depositary Shares ("ADSs") (and the underlying Ordinary
        Shares representing such ADSs) at such time, at such price, and in such
        manner and on such other terms as determined by the Board of Directors
        in its sole discretion, provided that such repurchases shall be
        conducted in accordance with the Companies Law (2013 Revision) of the
        Cayman Islands and any other applicable laws, rules and regulations.

“We would like to thank our shareholders for their approval of these resolutions. We look forward to their continued engagement with the Company over the coming year,” said Mr. David Lee, Chairman of the Board of Actions Semiconductor.

About Actions Semiconductor

Actions Semiconductor is one of China’s leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (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. 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 Shanghai and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com.

Investor Contacts:


    Elaine Ketchmere, CFA      Ally Xie, CA, CPA

    Compass Investor Relations Actions Semiconductor

    Eketchmere@compass-ir.com  investor.relations@actions-semi.com

    +1 310-528-3031            +86-756-3392353*1018

SOURCE Actions Semiconductor Co., Ltd.


Source: PR Newswire



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