To announce the subsidiary Chroma New Material
Corporation to terminate the agency of Japan Nippon
Micrometal Corporation (NMC)
Date of events
2022/01/11
To which item it meets
paragraph 10
Statement
1.Date of occurrence of the event:2022/01/11
2.Counterparty to the contract or commitment:
Nippon Micrometal Corporation (NMC)
3.Relationship with the Company:Chroma New Material Corporation is an agency
of Nippon Micrometal Corporation (NMC).
4.Starting and ending dates (or rescission date) of the
contract or commitment:Rescission date:2022/03/31.
5.Major content (not applicable where rescinded):N/A
6.Restrictive covenants (not applicable where rescinded):N/A
7.Commitment (not applicable where rescinded):N/A
8.Any other important agreement (not applicable where rescinded):N/A
9.Effect on company finances and business:
The 100% owned subsidiary Chroma New Material Corporation established in
1st August, 2006 as an agency of Nippon Micrometal Corporation (NMC) to
sell bonding wire and micro solder ball for semiconductor industry. As in
recent years, Chroma group in semiconductor testing business have
significant growth and BoD��s decision to terminate the agency business and
focus on the core business of testing equipment.
The sales revenues of Chroma New Material Corporation in year of 2019 and
2020 were NTD 2.1 billion and NTD 2.5 billion, accounted for 15% and 16%
of consolidated sales revenues respectively. The subsidiary net income to
consolidated net income in these two years were 2% and 1% respectively,
overall impact is minimum.
10.Concrete purpose/objective:Termination of bonding wire and micro solder
ball business.
11.Any other matters that need to be specified:None.
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Chroma Ate Inc. published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 06:47:05 UTC.
Chroma Ate Inc. is a Taiwan-based company principally engaged in the manufacture and sale of precision electronics testing instruments and automatic testing system (ATS) products. The Company mainly provides power and electronic testing solutions, video and color testing solutions, passive component testing solutions, liquid crystal display (LCD)/lighting control module (LCM) testing solutions, semiconductor/integrated circuit (IC) testing solutions, light emitting diode (LED) testing solutions, photovoltaic testing solutions, as well as computer peripherals and others. The Company distributes its products in both domestic and overseas markets.