Sino-american Silicon Products Inc. GDR : Announcement on the behalf of subsidiary, GlobalWafers Co., Ltd., on BOD approval of new common share issuance for cash capital increase

1.Date of the board of directors resolution:2012/01/12



2.Source of capital increase funds:Issue new common shares for a cash

capital increase

3.Number of shares issued:137,500,000 common shares



4.Par value per share:NT$10 per common share



5.Total monetary amount of the issue:NT$1,375,000,000



6.Issue price: NT$40 per share



7.Number of shares subscribed by or allotted to employees:10% of the newly

issued common shares, around 13,750,000 shares, are reserved for

subscription of the Company's emplyees by the Article 267 of the Commany Act.

8.Number of shares publicly sold:NA



9.Ratio of shares subscribed by or allotted as stock dividends to existing

shareholders:The remaining 90% of the share issuance, around 123,750,000

shares, will be reserved for preemptive purchase of original shareholders

depending on the holding ratio of the entities in the Common Shareholders'

List on the record date of cash capital increase.

10.Method of handling fractional shares and shares unsubscribed by the

deadline: For fractional shares cannot be pooled or be given up

subscription by original shareholders or employees will be purchased by

designated individuals as authorized by the Board of Directors.

11.Rights and obligations of the newly issued shares:Same as existing common shares.

12.Utilization of the funds from the capital increase:

To be used for the acquisition of COVALENT MATERIALS CORPORATION's wafer silicon business division via subsidiary, GWafers Inc.

13.Any other matters that need to be specified:NA