Press Release
Sunplus Board of Directors Proposes NT$3.5 Stock Dividend
Science-Based Industrial Park, Hsinchu, Taiwan, R.O.C. April 16, 2001 - Sunplus Technology Co., Ltd. (SUNPLUS or the "Company") (TAIEX: 2401, FTSE : SUPD), today held a meeting of the Board of Directors and Supervisors, at which the Board adopted a proposal recommending distribution of Stock dividend of NT$3.5 plus a cash dividend of NT$1.0 per common share. The proposal will be discussed and voted on at the regular annual shareholders' meeting scheduled for June 12, 2001.

At the meeting, the Board of Directors and Supervisors also:

  1. Reported audited financial statements prepared in accordance with generally accepted accounting principles in the Republic of China for the year ended December 31, 2000. Net sales for 2000 were NT$6,274 million and net income was NT$2,177 million, posting a growth of 50.4% and 72.4% comparing to the 1999 figures of NT$4,171 million and NT$ 1,263 million.

  2. Adopted a proposal for the distribution of dividends with respect to income earned in FY2000.A stock dividend of NT$3.5 plus a cash dividend of NT$1.0 per common share will be proposed to the shareholders. The lock-up period shall be notified on the invitation to the shareholders' meeting.

  3. Scheduled the 2001 annual shareholders' meeting to be held in the Auditorium of the Science-Based Industrial Park Administration Recreation Center at 9:00 AM on June 12, 2001 (Tuesday). Invitations to the shareholders will be sent 20 days prior to the date of the shareholders' meeting by mail.

  4. Adopted a proposal of increasing paid-in capital by allocation of the retained earning after dividends.

  5. Adopted a proposal of relieving non-competition of the directors for resolution at the shareholders' meeting.

Chairman C. C. Huang comments: "although the competitions are fiercer than ever in the IC design industry, Sunplus will continually strengthen the R&D abilities and increase shareholders' value by focusing on the higher added-valued product development, expanding new product lines, and obtaining patents of pertinent core technologies around the globe."