Forebright New Opportunities Fund III, L.P. managed by Forebright Capital Management Limited non-binding proposal to acquire O2Micro International Limited (NasdaqGS:OIIM) from Grandeur Peak Global Advisors, LLC, Renaissance Technologies LLC and others for approximately $150 million on March 14, 2022. Forebright New Opportunities Fund III, L.P. managed by Forebright Capital Management Limited entered into an agreement to acquire O2Micro International Limited (NasdaqGS:OIIM) for approximately $150 million on September 30, 2022. As on September the offer price has been changed from $5.50 per share to $4.90 per share. As of September 30, 2022, the offer price has been changed from $4.90 per share to $5.00 per share. Forebright intends to finance the acquisition with a combination of debt and fully committed equity capital. If completed, the deal will result in O2Micro becoming a privately held company and O2Micro ADSs will no longer be listed on the NASDAQ Global Select Market. O2Micro International Limited shall pay a termination fee of $1.5 million to Forebright and Forebright shall pay a termination fee of $3 million to O2Micro. The board of directors of O2Micro has approved the transaction. The transaction is subject to O2Micro shareholders approval and subject to customary closing conditions. As of February 1, 2023, the transaction has been approved by the shareholders of O2Micro. The deal is currently expected to close during the first quarter of 2023. Needham & Company, LLC is serving as the financial advisor and fairness opinion provider to the Special Committee. Peter X. Huang of Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the Special Committee. Fang Xue of Gibson, Dunn & Crutcher LLP is serving as U.S. legal counsel to the Consortium. Certain legal matters with respect to the Cayman Islands law are advised by Maples and Calder (Cayman) LLP. O2Micro International has retained D.F. King & Co., Inc. as its proxy solicitor.

Forebright New Opportunities Fund III, L.P. managed by Forebright Capital Management Limited completed the acquisition of O2Micro International Limited (NasdaqGS:OIIM) from Grandeur Peak Global Advisors, LLC, Renaissance Technologies LLC and others on March 3, 2023. The Bank of New York Mellon acted as depository bank to O2Micro.