UTAC Appoints Ken Rizvi as New Chief Financial Officer

          UTAC Holdings Ltd ("UTAC"), a global semiconductor test and assembly services provider, announced today the appointment of Mr. Ken Rizvi as Senior Vice President and Chief Financial Officer effective 1 June 2018. Ken joins UTAC from Isola where he served as its Chief Financial Officer overseeing both the finance and IT organisations. Ken has more than 20 years of experience in the technology industry with senior leadership roles at Micron, ON Semiconductor and Isola. He replaces Shawn L. Kelly, the interim Chief Financial Officer, who will return to his role as Vice President of Finance.

          "We are delighted to welcome Ken to UTAC's management team as CFO. Ken's extensive business and financial experience with major technology companies will be invaluable as we look at organic and inorganic drivers to grow the company post debt restructuring and maximise value for our stakeholders. I would also like to thank Shawn Kelly who served as interim CFO over the last 8 months," said Dr. John Nelson, Chief Executive Officer of UTAC.

          Prior to Isola, Ken held senior finance positions with Micron and ON Semiconductor. He also served as an associate with Technology Crossover Ventures, a leading private equity and venture capital firm focused on growth technology companies, and as an investment banker at Morgan Stanley. Ken holds an Executive MBA from the W.P. Carey School of Business at Arizona State University, United States and a Bachelor of Science degree in Economics from Yale University.

          (all figures in US$ unless otherwise stated)

          About UTAC Holdings Ltd

          UTAC Holdings Ltd (UTAC) is a leading independent provider of assembly and test services for a broad range of semiconductor chips. We offer a full range of semiconductor assembly and test services in these key product categories: analog, mixed-signal and logic, and memory. Our customers are primarily fabless companies, integrated device manufacturers and wafer foundries. UTAC is headquartered in Singapore, with production facilities located in Singapore, Thailand, Taiwan, China, Indonesia and Malaysia. We have a global sales network across United States, Japan, China and Taiwan, rest of Asia and Europe, with sales offices in each of these regions.