Issue of 3,341,000 New Shares and 28,111,856 Free Detachable Warrants by AEM Holdings Ltd.

We are pleased to have been engaged by AEM Holdings Ltd. ("AEM") to advise on the issue of 3,341,000 new shares and 28,111,856 free detachable warrants to be issued in two tranches, by AEM, in a subscription for shares and detachable warrants by Advanced Semiconductor Engineering Test, Inc., an indirect wholly-owned subsidiary of ASE Technology Holding Co., Ltd (“ASE”).  

The shares of AEM are listed on the Mainboard of the Singapore Exchange Securities Trading Limited. The warrants are not listed. The gross proceeds from the subscription for shares is approximately S$12 million and the gross proceeds from the warrants (assuming that these will be fully exercised) will be approximately S$117 million.

AEM provides semiconductor and electronics test solutions, and has a global presence across Asia, Europe and the United States of America.

The investment is expected to, inter alia, strengthen AEM's strategic collaboration with ASE, a leading provider of semiconductor assembly, testing and materials services and the ASE group, as well as provide additional capital for the AEM group’s expansion in Taiwan and accelerate product development initiatives, system-level solutions and joint go-to-market activities with the ASE group.

Corporate Partner, Song Ruoh Jin, assisted by Grace Anastasia Lim, advised AEM Holdings Ltd. on this transaction.