GEORGE TOWN, Grand Cayman, March 25, 2022 (GLOBE NEWSWIRE) — O2Micro® International Limited (NASDAQ Global Select Market: OIIM) (“O2Micro” or the “Company”), a global leader in the design, development and commercialization circuits and high performance solutions, today announced that the Special Committee (the “Special Committee”) of the Company’s Board of Directors (the “Board”) has retained Needham & Company, LLC as its independent financial advisor and Skadden, Arps, Slate, Meagher & Flom as independent U.S. legal counsel to assist the Special Committee in its evaluation and consideration of FNOF Precious Honor’s previously announced non-binding preliminary proposal letter dated March 14, 2022 Limited (the “Proposal”).

The Special Committee is continuing its review and assessment of the proposal. The Board cautions shareholders of the Company and others considering trading in the securities of the Company that the proposal is only a preliminary indication of interest and that no decision has been made with respect to the proposal. . There can be no assurance that a definitive offer will be received, that a definitive agreement will be executed with respect to the transaction contemplated by the proposal, or that the transaction contemplated by the proposal or any other similar transaction will be approved or completed. The Company undertakes no obligation to provide updates regarding any transaction except as required by applicable law.

About O2Micro

Founded in April 1995, O2Micro develops and markets innovative power management components for the computing, consumer, industrial and automotive markets. Products include backlighting and battery management.

O2Micro, the O2Micro logo and their combinations are registered trademarks of O2Micro. All other trademarks or registered trademarks are the property of their respective owners.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate” , “future”, “intends”, “plans”, “believes”, “estimates”, “confident” and similar statements. O2Micro may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers. , directors or employees to third parties. Statements that are not historical or current facts, including statements of beliefs and expectations and statements relating to the proposed transaction, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Actual results, levels of activity, performance or achievements may differ materially from those expressed or implied by these forward-looking statements for a variety of reasons, including: changes in demand for devices that use our products; market conditions in the semiconductor industry and the economy as a whole; the stages of our products in their life cycle; variations, extensions or reductions in the range of our product offerings; the growth and/or contraction of the Company; the timing of our product launches; changes in interest rates; changes in the availability and cost of supplies, such as inflation and supply chain issues; unpredictability from an inability to control the outcome or timing of litigation; changes in applicable laws, regulatory or geopolitical environment or accounting standards; the potential delisting of our common stock and/or ADS from NASDAQ; manufacturing costs for specific products; increased competition; changes in laws, rules and regulations affecting our intellectual property; the introduction of new competitors or competing technologies; and increased unforeseen expenses; and assumptions underlying or relating to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments speaks as of the date of the press release, and O2Micro assumes no obligation to update such information except as required by applicable law.

The story continues

For more information please contact:

Contact information:
Daniel Meyberg
O2Micro Investor Relations
[email protected]

Joe Hasset
Gregory Communications
[email protected]