CipherLab amends Employee Stock Options

2007-08-29

The Board of Directors passed a resolution to amend Employee Stock Options which was proposed on May 15, 2007. The company has the first stock option plan for directors, officers and employees, which provide for both nonqualified and incentive stock options. Options granted prior to 2008 generally vest over two and three years and expire five years from the date of grant. A total option of 3 million shares will be granted.

Media Contacts:
George Tan/ Spokesman
+886-2-8647-1166
IR@cipherlab.com.tw