GEORGE TOWN, Grand Cayman, Sept. 19, 2022 (GLOBE NEWSWIRE) -- O2Micro International Limited (NASDAQ Global Select Market: OIIM) (“O2Micro” or the “Company”), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, today announced that it has received a revised preliminary non-binding proposal letter (the “Proposal Letter”), dated September 19, 2022, from FNOF Precious Honour Limited (“FNOF”), Mr. Sterling Du, the Chief Executive Officer and the Chairman of the Board, and Mr. Perry Kuo, the Chief Financial Officer and a director of the Company (collectively, the “Consortium”), to reduce the purchase price for acquiring all of the outstanding ordinary shares of the Company (including shares represented by American depositary shares (the “ADSs”), each representing 50 shares of the Company) that are not already owned by the Consortium or otherwise rolled over, to US$4.90 per ADS (or US$0.098 per ordinary share) (the “Proposed Transaction”). A copy of the Proposal Letter is attached hereto as Exhibit A.

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