Sept. 27, 2011
Board Meeting Resloution - Compal/ Lenovo Joint Venture Company Setting up

Compal Electronics, Inc. (Compal) (TAIEX: 2324) today announced that the Board of Directors had approved to form a joint venture company, Lienpal (Hefei) Ltd., with Lenovo Group Ltd. (HKSE:992), to engage sales and manufacture of PC, including NB, AIO, and related components.

In view of strong growth of IT demand in China and also to connection with customers ‘ strategic plan in China, the establishment of JV will strengthen relationship with customers, enhance logistics efficiency, and improve competiveness.

The investment of JV will be US$100 million, of which Compal will take 49% or US$49 million. The JV is scheduled to start mass production at end of 2012.

 

 

 

Media Contact:

Gary Lu

Senior Vice President and Spokesperson

Tele: 886 (0)2 8797-8588

Investor@compal.com