Innolux Announces Plan to Dispose Its Holding of Himax's Shares

MIAOLI COUNTY, Taiwan, April 30, 2013 (GLOBE NEWSWIRE) -- Innolux Corporation (TWSE:3481) ("Innolux") today announced that Himax Technologies, Inc. (Nasdaq:HIMX) ("Himax") has filed a shelf registration statement on Form F-3 with the Securities and Exchange Commission ("SEC") in which Innolux is named as a selling shareholder. As of April 30, 2013, Innolux owned 14.98% of the outstanding shares of Himax.

The shelf registration statement, when declared effective by the SEC, will allow Innolux the flexibility to potentially offer and sell from time to time in the future, in one or more public offerings, up to 25,399,753 of Himax's American Depositary Shares. Innolux intends to dispose of its entire holding of Himax's shares in one or more offerings, subject to market conditions, as part of its divestment strategy and to focus on its core business of TFT-LCD manufacturing. The specifics of any offering, including the price of the securities to be sold by Innolux, will be described in a prospectus supplement filed with the SEC at the time of the offering.

The shelf registration statement has been filed with the SEC, but has not yet been declared effective. These securities may not be sold, nor may offers to buy these securities be accepted prior to the time the shelf registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering of these securities will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering. This press release is being issued pursuant to and in accordance with Rule 135 under the Securities Act of 1933.

About Innolux Corporation

Innolux Corporation (formerly Chimei Innolux Corporation, renamed in November 2012) is a TFT-LCD total solution manufacturer, having a strong presence in both large-size panels and small & medium size products. The company offers a range of products including LCD panels with touch function (desktop monitor, notebook, tablet PC and smartphone), special-application panels (industrial applications, automotive, avionics, and medical applications), and LCD TV. Innolux has multiple and flexible production lines: twelve TFT-LCD fabs and three touch sensor fabs located in Jhunan and Tainan in Taiwan, along with assembly facilities in China, including in Nanjing, Nanhai, Ningbo and Shanghai. Innolux Corporation (3481 TT) is listed on the Taiwan Stock Exchange (TWSE). For more information, please visit


This press release is not an offer to sell or the solicitation of an offer to buy securities of Innolux in any jurisdiction or an inducement to enter into investment activity, nor will it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. The financial information contained in the press release has not been prepared in accordance with ROC GAAP or any other accounting standards and is not based on a complete set of consolidated financial statements. It has not been audited or reviewed by independent accountants and may vary materially from any audited or reviewed ROC GAAP financial statements for the same periods.

CONTACT: Chen-Hui Lin Spokesperson Tel: +886-(0)37-586-000 Sophia Cheng Media Contact Tel: +886-(0)37-586-000 Cell: +886-(0)920-486-106 Email: sophia.cheng@innolux.comSource:Innolux Corporation