milestones of 2009 - memtech international Ltd

Memtech is a leading component solutions provider for the mobile phone, IT equipment and automotive industries. Besides being a total solutions provider for mechanical components including keypads, lens and plastic components, we also design and manufacture antennas and touch screen panels. Our wide product range and scope of services enable us to provide modular solutions and value-added services to our customers.
We operate three keypad manufacturing facilities strategically located in the major mobile phone manufacturing hubs in the PRC, namely the Pearl River Delta and the Yangtze River Delta. We also operate a plastic components production facility in Kunshan, which manufactures casings primarily for digital cameras, automotive components and mobile phones. Memtech also operates a lens manufacturing facility in Dongguan and a joint venture with a Shenzhen-based design house to engage in the antenna business.
Memtech operates a touch screen panel facilities in Nantong PRC.
Besides a wide network of sales offices across the PRC, we also have a global network of sales offices in Korea, Japan, Singapore, Taiwan, America and Europe to better service our international customers.
Memtech’s customers include major international mobile phone manufacturers including Motorola, Nokia, Sony Ericsson, Samsung, LG, Foxconn, Flextronics, TCL Alcatel and HTC, as well as reputable China brands such as Lenovo, Hwawei and ZTE.

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2009
August 2009
Memtech International Ltd. had entered into a Share Transfer Agreement and a Share Purchase Agreement with Teradisplay Co., Ltd. (“Teradisplay”) and Mr. Kim Seong Soo respectively, in relation to the Company’s investment in Teradisplay, a company incorporated in South Korea, and Tera China Co., Ltd. (“Tera China”), a company incorporated in Nantong, People’s Republic of China.
The current principal activities of Teradisplay and Tera China are that of manufacturing and sale of Touch Screen Panels.
Currently, the Company owns 20.1% and 20% (effective interest 36.1%) of the issued share capital of Teradisplay and Tera China respectively.
Tera China is an 80% owned subsidiary of Teradisplay.
Pursuant to the Share Transfer Agreement, the Company shall acquire US$2.4 million paid up capital of Tera China owned by Teradisplay, in exchange for 77,500 ordinary shares of Teradisplay owned by the Company.
Pursuant to the Share Purchase Agreement with founder of Teradisplay, Mr. Kim Seong Soo, the Company shall acquire 34,800 ordinary shares of Teradisplay for a consideration of KRW 40 million or approximately US$31,300.
Upon completion of the aforesaid Share Transfer Agreement and Share Purchase Agreement, the Company shall own 11.3% and 100% of the issued share capital of Teradisplay and Tera China respectively.
In the event that all preference shares held by preference shareholders of Teradisplay are converted into ordinary shares, the Company’s interest in Teradisplay will be diluted to 8.9%.
The net tangible assets acquired and goodwill arising from the acquisition of Tera China are approximately US$1.7 million and US$420,000 respectively.
The Company intends to expand the touch screen panels business after taking control of Tera China.
January 2009
Memtech International Ltd diluted the interests in its associate companies Teradisplay Co., Ltd and Tera China Co., Ltd.
The Company’s direct interest in its associate company Teradisplay Co., Ltd (“Teradisplay”), was diluted from 25.9% to 20.1% due to conversion of existing preference shares to ordinary shares as well as issuance of additional ordinary shares to a new investor (the “Dilution”).
Consequent to the Dilution, the Company’s indirect interest in Tera China Co., Ltd (“Tera China”) reduced from 40.7% to 36.1%.
Currently, there are 45,622 convertible preference shares of Teradisplay outstanding, which if fully converted would further dilute the Company’s direct interest in Teradisplay and indirect interest in Tera China to 16.5% and 33.2%, respectively.

Dongguan Memtech Electronic Products Co., Ltd

ISO9001:2000	QS9000	QS9001:2000	ISO14001	Certificate

Dongguan Memtech Precision Tools & Products Co., Ltd

ISO9001	ISO9001:2000	QS9000	ISO14001	Certificate
		NA	NA	NA

Nantong Memtech Electronic Industries Co., Ltd

ISO9001	QS9000	QS9000	ISO14001	Certificate

Huzhou Memtech Electronic Industries Co., Ltd

ISO9001	ISO9001	QS9000	ISO14001	Certificate
		NA	NA	NA

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