Date: 22/09/2010

AUO and TPV establish joint venture for LCD module plant in Manaus, Brazil

AU Optronics aand TPV Technology have established a joint venture for LCD module plant in Manaus, Brazil for panel module assembly and sales business. This JV is the first production base in America for AUO to offer customer in-time services and support after establishing manufacturing sites in Europe.

The joint venture company brings together TPV's business infrastructure in the South American market and AUO's technology in TV panels. The joint venture will be named "Brivictory Indústria de Eletrônicos Ltda"with the capital of US$ 16 million. AUO and TPV will own 19% and 81% of the shareholding of the joint venture company, respectively. AUO and TPV will contribute the capital investment proportionally.

AUO says they will continue providing customers value added services including advancing towards the emerging markets which mainly includes BRIC (Brazil, Russia, India and China). Besides the collaboration in March 2010 that AUO and TPV established a joint venture of TFT-LCD module production and TV-set ODM, AUO has formed an alliance is with TPV again for enhancing its strategic position in the American market and bringing both long-term benefits