ASAT Holdings Limited Announces Scheduling of Extraordinary General Meeting of Shareholders

HONG KONG, DONGGUAN, China and MILPITAS, Calif., Jan. 5 /PRNewswire-FirstCall/ -- ASAT Holdings Limited (Pink Sheets: ASTTY) (the "Company"), a global provider of semiconductor package design, assembly and test services, announced that it has scheduled an Extraordinary General Meeting of shareholders for Tuesday, January 12, 2010, at 11:30 a.m. China Standard Time. The meeting will be held at the Company's Dongguan Factory in China, which is located in the Zhen An Hi-Tech Industrial Park on Zhen An Road in Chang An Town, Dongguan City, Guangdong Province, 523850, People's Republic of China.

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Shareholders of record at the close of business on January 5, 2010, will receive a copy of the definitive proxy statement. Shareholders will be requested to consider, and if thought fit, to pass the following as an ordinary resolution:

"THAT the sale of 1,035 shares of ASAT Limited, which constitutes the entire issued and fully paid up share capital of ASAT Limited (the "Sale Shares", as defined in the sale and purchase agreement entered into on 31 December 2009 between the Company, New ASAT (Finance) Limited and the Purchaser (as defined below) (the "SPA")) and all of the Company's right, title and interest to the inter-company receivables owing to the Company, as lender, by ASAT Limited, as borrower (the "ASAT Holdings Loan Receivables") to United Test and Assembly Centre Ltd., a company incorporated under the laws of Singapore, or its nominee (the "Purchaser), upon and subject to the terms and conditions of the SPA, be and is hereby approved, and THAT this resolution shall (i) constitute consent of the Shareholders of the Company under and for the purposes of Clause 4.1(c) of the SPA and (ii) authorize the sale of substantially all of the assets of the Company under and for the purposes of Article 41 of the Articles of Association of the Company."

A copy of the SPA and further information may be viewed on the Company's website at www.asat.com and on the website of the US Securities and Exchange Commission at www.sec.gov.

About ASAT Holdings Limited

ASAT Holdings Limited is a global provider of semiconductor package design, assembly and test services. With 20 years of experience, the Company offers a definitive selection of semiconductor packages and world-class manufacturing lines. ASAT's advanced package portfolio includes standard and high thermal performance ball grid arrays, leadless plastic chip carriers, thin array plastic packages, system-in-package and flip chip. ASAT was the first company to develop moisture sensitive level one capability on standard leaded products. Today, the Company has operations in the United States, Asia and Europe. For more information, visit www.asat.com.

SOURCE ASAT Holdings Limited

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