Powerchip Semiconductor Manufacturing Corporation

10/11/2024 | Press release | Distributed by Public on 10/11/2024 03:14

Announcement of the expiration date of the memorandum of understanding signed between PSMC and SBI Holdings Inc.

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Provided by: Powerchip Semiconductor Manufacturing Corp.
SEQ_NO 1 Date of announcement 2024/10/11 Time of announcement 17:12:27
Subject
 Announcement of the expiration date of the
memorandum of understanding signed between PSMC and
SBI Holdings Inc.
Date of events 2024/10/11 To which item it meets paragraph 10
Statement
1.Date of occurrence of the event:2024/10/11
2.Counterparty to the contract or commitment:SBI Holdings Inc.
3.Relationship with the Company:None.
4.Starting and ending dates (or rescission date) of the
contract or commitment:
2024/06/26(expired date)
5.Major content (not applicable where rescinded):NA
6.Restrictive covenants (not applicable where rescinded):NA
7.Commitment (not applicable where rescinded):NA
8.Any other important agreement (not applicable where rescinded):NA
9.Effect on company finances and business:No material effect.
10.Concrete purpose/objective:
The memorandum of understanding has expired.
11.Any other matters that need to be specified (the information disclosure
  also meets the requirements of Article 7, subparagraph 8 of the Securities
  and Exchange Act Enforcement Rules, which brings forth a significant impact
  on shareholders rights or the price of the securities on public companies.):
PSMC and SBI Holdings Inc. signed a non-binding memorandum of understanding
on June 26, 2023, to evaluate the feasibility of jointly cooperating in the
semiconductor foundry business in Japan, which expired on June 26, 2024.