Hsinchu and Taipei, Taiwan, Mar 7, 2025 – Weltrend Semiconductor Inc. (TWSE: 2436; hereinafter “Weltrend”) and Sentelic Corporation (TPEx: 4945; hereinafter “Sentelic”) held Board of Directors meetings respectively and announced that the boards approved consolidation via share swap (hereinafter as “Share Swap”). Upon completion of the Share Swap, Sentelic will be a 100% owned subsidiary of Weltrend.

In this Share Swap, Weltrend will issue new shares to all shareholders of Sentelic, the share swap ratio is 1.60 common stock of Weltrend in exchange for 1 share of Sentelic, thereby acquiring all outstanding shares of Sentelic. The board of directors of Sentelic also approved today to convene a shareholders' meeting on May 26, 2025 to seek shareholders' approval for the Share Swap and to set the effective date of Share Swap upon obtaining relevant competent authority’s approval.

In August 2022, Weltrend acquired 51.04% of Sentelic's shares through a public tender offer, marking the first phase of the consolidation between the two parties. Over more than two years of cooperation, both parties have integrated R&D resources, product portfolios, sales channels, and backend operations, with initial synergies already evident. Due to the high degree of complementarity in technology and products, both parties can complement each other and provide more comprehensive product portfolios and solutions. With the expansion of the customer base, both parties have become leading global suppliers in the field of motor control chips used in server cooling fans.

Building upon this foundation, both parties believe that this Share Swap can further enhance economies of scale, improve operational efficiency, and strengthen overall synergies between the parties. In the increasingly competitive and rapidly changing global semiconductor market, this will continuously enhance the competitiveness of both parties, creating win-win outcomes for shareholders, customers, and employees.

About Weltrend Semiconductor Inc.

Founded in 1989 in the "Silicon Valley of Taiwan", the Hsinchu Science Park, Weltrend Semiconductor, Inc. (TWSE: 2436) is a leading fabless semiconductor company specializing in the planning, design, testing, application development, and distribution of mixed-signal/digital IC products in power supplies, motor controls, image processing, and more across multiple applications. For more information, please visit www.weltrend.com.