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Exhibit 99.1
FOR IMMEDIATE RELEASE
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For further information contact:
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Amanda Chang
Investor Relations Department
Country/City Code 8862 Tel: 2656-8080
amanda.chang@gigamedia.com.tw |
GigaMedia Announces Retirement of Chairman and Board Change
TAIPEI, Taiwan, November 30, 2015 GigaMedia Limited (NASDAQ: GIGM) today announced that
Chairman, Mr. Mo-Na Chien retired his position from the Company and resigned from the Companys
Board of Directors. Both the retirement and the resignation of Mr. Mo-Na Chien will be effective
December 1, 2015. Mr. Mo-Na Chien has served as Chairman of the Board and Executive Director since
November 2012.
Collin Hwang, Chief Executive Officer of the Company, stated On behalf of the Board and the
management, I would like to thank Mo-Na for his valuable contribution to the Company over the last
three years, and wish him every success for the future.
The Companys Board of Directors has appointed Mr. Collin Hwang, the current Chief Executive
Officer of the Company to chairmans position following the retirement of Mr. Mo-Na Chien effective
December 1, 2015.
Board changes announced.
The Company also announced resignation of two board members, Mr.
King Wai Alfred Wong and Mr. Dirk Chi-Ching Chen, effective December 1, 2015.
Following the changes announced today, GigaMedias board is comprised of six members with more than
a majority as independent directors.
About GigaMedia
Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a
diversified provider of online games and cloud computing services. GigaMedias online games
business is an innovative leader in Asia with growing game development, distribution and operation
capabilities, as well as platform services for games; focus is on mobile games and social casino
games. The companys cloud computing business is focused on providing enterprises in Greater China
with critical communications services and IT solutions that increase flexibility, efficiency and
competitiveness. More information on GigaMedia can be obtained from www.gigamedia.com.
The statements included above and elsewhere in this press release that are not historical in
nature are forward-looking statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking
statements are based on the companys current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from those contained in such forward-looking
statements. Information as to certain factors that could cause actual results to vary can be found
in GigaMedias Annual Report on Form 20-F filed with the United States Securities and Exchange
Commission in April 2015.
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