O2Micro announces shareholders’ approval of merger agreement

O2Micro International announced that at an extraordinary general meeting of shareholders held on January 31, 2023, the Company’s shareholders voted in favor of, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger, dated as of September 30, 2022, among the Company, FNOF Precious Honour Limited and Rim Peak Technology Limited, a wholly owned subsidiary of Parent, pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent, the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands in connection with the Merger and the consummation of the transactions contemplated thereby, including the Merger. Over 99% of the Company’s total outstanding ordinary shares, including ordinary shares represented by the Company’s American depositary shares, voted in person or by proxy as a single class at the EGM. Of the ordinary shares voted at the EGM, approximately 99.8% voted in favor of the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby, including the Merger.