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AUO and Wistron to Establish a Joint Venture for TFT-LCD Module Plant

August 20, 2010

HSINCHU, Taiwan, Aug. 20 /PRNewswire-Asia-FirstCall/ — 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 our 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.

ABOUT AU OPTRONICS

AU Optronics Corp. (AUO) is a global leader of thin film transistor liquid
crystal display panels (TFT-LCD). AUO is able to provide customers with a full
range of panel sizes and comprehensive applications, offering TFT-LCD panels
in sizes ranging from 1.2 inches to greater than 65 inches. AUO generated
NT$359.3 billion (US$11.2 billion) in sales revenue* in 2009 and now houses a
staff of more than 42,000 employees, with global operations in Taiwan,
Mainland China, Japan, Singapore, South Korea, the U.S., and Europe.
Additionally, AUO is the first pure TFT-LCD manufacturer to be successfully
listed at the New York Stock Exchange (NYSE). AUO extended its market to the
green energy industry in late 2008, and formally founded its Solar
Photovoltaic Business Unit in October, 2009. For more information, please
visit AUO.com.

Safe Harbour Notice

AU Optronics Corp. (“AUO” or the “Company”) (TAIEX: 2409; NYSE: AUO), a
global leader of TFT-LCD panels, today announced the above news. Except for
statements in respect of historical matters, the statements contained in this
Release are “forward-looking statements” within the meaning of Section 27A of
the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities
Exchange Act of 1934. These forward-looking statements were based on our
management’s expectations, projections and beliefs at the time regarding
matters including, among other things, future revenues and costs, financial
performance, technology changes, capacity, utilization rates, yields, process
and geographical diversification, future expansion plans and business strategy.
Such forward looking statements are subject to a number of known and unknown
risks and uncertainties that can cause actual results to differ materially
from those expressed or implied by such statements, including risks related to
the flat panel display industry, the TFT-LCD market, acceptance of and demand
for our products, technological and development risks, competitive factors,
and other risks described in the section entitled “Risk Factors” in our Form
20-F filed with the United States Securities and Exchange Commission on May
11th, 2010
.

SOURCE AU Optronics Corp.


Source: newswire



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