The board of directors of ASM Pacific Technology Limited announced that Mr. Lee Wai Kwong and Mr. Tsui Ching Man, Stanley, who are Executive Directors of the Company, have decided not to stand for re-election upon expiry of the present term of their directorships at the company's forthcoming annual general meeting to be held on 12 May 2020 ("AGM"). Consequently, Mr. Lee and Mr. Tsui will cease to be Executive Directors of the Company at the conclusion of the AGM. At the same time, Mr. Lee will also be retiring from his position as Chief Executive Officer of the Group.

Mr. Tsui will continue to serve as Chief Operating Officer of the Group. Further, the Board announced that Mr. Guenter Walter Lauber, the Chief Executive Officer of the Group's SMT Solutions Segment, is recommended by the Board for appointment as an Executive Director of the Company at the AGM following the retirement of Mr. Tsui at that meeting.