Airoha Technology Corp. agreed to acquire IC Plus Corp. (GTSM:8040) for TWD 1.5 billion on December 27, 2020. Airoha Technology Corp. will acquire shares at TWD 22 per share. After completion of the transaction, IC Plus Corp. will become the fully owned subsidiary of Airoha Technology Corp. The transaction will be funded through own capital or loan. The share swap is conditioned on a resolution adopted by shareholders' meeting of IC PLUS in accordance with applicable laws. The deal is subject to shareholder and regulatory approvals. The Board of Directors of Airoha Technology Corp. has approved the transaction.

Deal is expected to close on April 30, 2021. Jui Wen Lu of Diwan & Company acted as accountant to Airoha Technology Corp.